BSE is looking for a new CEO

The BSE has requested applications for the role of Managing Director and CEO.
But the post is not vacant until November 2022. As a result, both India’s largest stock exchanges are actively seeking CEOs.

On March 4, the National Stock Exchange asked individuals with IPO experience to apply for the position of managing director and CEO by March 25. Before its planned IPO and the departure of current MD and CEO Vikram Limaye in June.

During Limaye’s tenure, the corporation has tried to move on from the colocation fraud and difficulties of corporate governance under former CEO Chitra Ramkrishna, who left in 2017.

The BSE has now published advertisements in newspapers inviting applicants for the role of MD and CEO, with a list of experience and other prerequisites.

However, the ad claims that “compensation and perquisites will be in compliance with industry standards”. The role is based in Mumbai.

From the website,

— Should be a results-oriented leader with the highest ethical standards.

— S/He should be a seasoned professional with minimum 20 years of experience, of which at least 5 years should have been in a senior leadership position.

— The candidate should have an excellent understanding of the financial markets.

— The candidate should have a good understanding of technology and operations.

— The candidate should have played a leadership role, preferably in the financial sector, and have a demonstrable track record of success.

— S/He should be a market savvy leader with an entrepreneurial approach and an innovative bent of mind to drive business in a closely supervised and regulated ecosystem.

— The candidate should have prior experience in managing diverse expectations from key stakeholders, including investors, business partners, regulators, customers, employees, etc.

Here’s who is eligible to apply:— The candidate will need to fulfileligibility requirements under the Companies Act and Securities and Exchange Board of India (SEBI) Regulations.

• As per the SEBI guidelines, applicants would need to obtain necessary clearances or No Objection Certificates (NOC) from the requisite authorities, before applying wherever required.
• As per SEBI guidelines, a person may be appointed as MD & CEO for a maximum of two terms not exceeding 5 years each, subject to the maximum age of 65 years.

— Education Qualification: The candidate should be well qualified (CA/MBA/LLB/B.Tech) or hold equivalent degrees from reputed institutions.

— Candidates will be required to furnish references.

— Candidates have to be Indian passport holders.

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Krishna Rath is a SEBI Registered Investment Adviser, and since 2015 has been educating netizens on investments and insurance. Krishna is a fee only SEBI RIA and is Odisha's first SEBI RIA. With background in IT, Krishna is changing the advisory space with new innovations in AdvisoryTech.

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