India’s largest stock exchange by turnover, National stock Exchange (NSE) has recently named Vikram Limaye, Managing Director of Infrastructure Development Finance Company (IDFC), as their new Managing Director and Chief Executive Officer.
A chartered accountant with an MBA degree from The Wharton School, Limaye was also named a member of a four-member panel by the Supreme Court of India on January 30, to run the Board of Control for Cricket in India (BCCI).
The board of directors of NSE, chaired by former finance secretary Ashok Chawla, cleared the decision, reported the Economic Times.
The position of MD and CEO was vacant ever since Chitra Ramakrishna quit the exchange on December 2 citing personal reasons.
On December 5, the stock exchange had set up a four-member panel to designate the next MD.
The panel also had Mahindra and Mahindra Ltd (M&M) group chairman Anand Mahindra, former RBI deputy governor Usha Thorat and NSE independent directors T V Mohandas Pai and Dinesh Kanabar as members.