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stock exchange BSE's board has approved another five-year term for
its chief Ashish Chauhan, who has steered a strong turnaround and a
highly- successful IPO of the bourse with strong business expansion.
Chauhan, who joined BSE as Deputy CEO in 2009, was made MD and CEO
for a period of five years with effect from November 2, 2012. At a
meeting held earlier this month, the board approved re-appointment of
Ashishkumar Chauhan as BSE's Managing Director and CEO for a further
period of five years from November 2, 2017 to November 1, 2022. This
would be subject to approval from the capital markets regulator Sebi
and from the shareholders at the ensuing Annual General Meeting.
Chauhan also happens to be one of the founding team members of
National Stock Exchange (NSE) where he worked from 1992 to 2000. From
2000 to 2009, he worked as the President and Chief Information
Officer of Reliance group and was also the CEO of the IPL cricket
team Mumbai Indians in its formative years. At BSE, he is credited
with reviving Asia's oldest exchange and for making it the fastest
exchange in the World with less than 6 microseconds response time.
Chauhan holds a B Tech in Mechanical Engineering from IIT Bombay and
a PGDM from IIM Kolkata. He is known for introduction of mobile
trading, online real-time surveillance systems and for launching
several new products across various market segments such as SMEs,
currencies, mutual funds and corporate bonds. Under his leadership,
the BSE also set up the country's first international exchange, India
International Exchange, which was inaugurated by Prime Minister
Narendra Modi in January this year at Gandhinagar, GIFT City. He has
successfully completed the IPO of BSE which was pending for over 10
years. The IPO was oversubscribed 51 times with close to 12 lakh
applications in January 2017.
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