BSE appoints Sundararaman Ramamurthy as MD, CEO

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BSE appoints Sundararaman Ramamurthy as MD, CEO

Sundararaman Ramamurthy has been appointed as the Managing Director and Chief Executive Officer (CEO) of BSE Limited. He has been appointed for a five-year term with effect from January 4.

Important facts

  • His appointment is subject to the consent of the shareholders. The exchange will seek its approval from shareholders through postal ballot on January 16.

  • In November, BSE received consent from regulator Securities and Exchange Board of India (Sebi) to appoint Ramamurthy as MD and CEO of the exchange.

  • The post has been vacant since July when the then MD and CEO Ashish Kumar Chauhan resigned from the post to join the National Stock Exchange (NSE).

  • Sundararaman Ramamurthy has over 20 years of work experience in the National Stock Exchange of India Limited (NSE) as a senior member of its team since its inception.

  • He was responsible for significant transformation of the Indian capital market for more than two decades.

  • Prior to this, he was the MD and Chief Operating Officer of the Indian branch of Bank of America (BANA), where his responsibilities included global administration and control of the banking unit and securities segment in India.

  • He was also a part of various Board/Leadership forums at Bank of America.

Bombay Stock Exchange (BSE)

  • Established in 1875 as the Native Share and Stock Brokers' Association, the Bombay Stock Exchange (BSE) is Asia's first exchange and the largest securities market in India.

  • Based in Mumbai, BSE lists around 6,000 companies and is one of the largest exchanges in the world.

  • It has been instrumental in developing India's capital market by providing an efficient platform for the Indian corporate sector to raise investment capital.

  • It is known for its electronic trading system that provides fast and efficient trade execution.

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