TNI Bureau: Chitra Ramakrishna will be the Managing Director and CEO of National Stock Exchange (NSE) from 1st April 2013, while its current chief Ravi Narain will assume the role of Vice-Chairman in a non-executive role.
At a meeting held in Mumbai on 26th Dec, the board of the National Stock Exchange decided that Ramkrishna, currently Joint MD of the bourse, will take charge as MD and CEO with effect from 1st April 2013 for a period of five years.
Ms. Ramakrishna will become the NSE’s first and India’s second woman to head a stock exchange on April 1, 2013. Deena Mehta was the first when she headed Bombay Stock Exchange (BSE) for two months way back in 2001.
Interestingly, the NSE appointment will make her only the third among 16 Asia-Pacific exchanges to have a woman currently heading it. Amongst the Asian exchanges, China’s Liping Song is president and CEO of Shenzhen Stock Exchange, and Sri Lanka’s Surekha Sellahewa heads the Colombo Stock Exchange’s as chief executive officer.
The National Stock Exchange, located in Mumbai, is India’s largest and Asia’s sixth largest exchange by market capitalisation. The companies listed on the exchange are worth nearly than Rs55 lakh crore.