Meet the new CEO of BSE Sundararaman Ramamurthy

Nov 29, 2022

By: Bhakti Makwana

New BSE head Sundararaman Ramamurthy

Securities and Exchange Board of India (SEBI) has approved the appointment of Sundararaman Ramamurthy as the MD & CEO of India’s oldest stock exchange BSE.

Credit: BCCL

Latest stint

Ramamurthy’s last stint was with BofA Securities India (formerly known as DSP Merrill Lynch), a subsidiary of Bank of America Corporation, as non-executive director where he worked since 2015.

Credit: BCCL

Worked with NSE

Ramamurthy has worked with NSE for nearly 20 years under former CEOs Ravi Narain and Chitra Ramkrishna before leaving in October 2014.

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Replacement to former head Ashish Chauhan

The 62-year old will replace Ashish Chauhan who had stepped down to join the rival stock exchange NSE.

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Vacancy at BSE

The top position at BSE had been vacant for four months after Ashishkumar Chauhan stepped down on July 25, to join the rival stock exchange NSE as MD and CEO.

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BSE statement

The stock exchange said in a regulatory filing that Ramamurthy's appointment is subject to acceptance of the offer made to him, and fulfillment of terms and conditions including approval from the shareholders.

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Interim head

In the interim, BSE had decided that an executive management committee of the exchange would be running its affairs.

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BSE share price

Meanwhile, shares of Bombay Stock Exchange (BSE) were up 1.40 percent at 578.80 on Tuesday. The stock has dropped nearly 9 percent in 2022 so far.

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Bombay Stock Exchange

Established in 1875, BSE is among Asia's fastest stock exchanges, and has 3,499 stocks listed on it.

Credit: BCCL

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