SEBI approves Sundararaman Ramamurthy as the MD and CEO of BSE

Tags: Economy/Finance Person in news

The Securities Exchange Board of India(SEBI) has approved the appointment of Sundararaman Ramamurthy as the Managing Director & Chief Executive Officer of BSE. His appointment is subject to the approval of the shareholders, BSE

Ramamurthy is currently the Chief Operating Officer-India at Bank of America.

Previously, he was associated with the National Stock Exchange of India (NSE) in various roles for nearly two decades before leaving it in October 2014.

The top position at BSE has been vacant since July when Ashish Kumar Chauhan resigned as the Managing Director & Chief Executive Officer of BSE and joined as CEO of NSE.

BSE

It was earlier known as Bombay Stock Exchange. It was set up in 1875 as ‘The Native Share & Stock Brokers' Association in Bombay (now Mumbai). It is the first stock exchange to be set up in Asia.

BSE's popular equity index - the S&P BSE SENSEX - is India's most widely tracked stock market benchmark index.