new Delhi. Controversially engulfed National Stock Exchange (NSE) is looking for a new boss for itself. NSE said on Friday that applications have been invited for the post of MD-CEO.
According to NSE, preference will be given to an applicant who has IPO (initial public offering-IPO) experience. The five-year term of the current MD-CEO Vikram Limay ends in July. Before this, the search for a new boss will have to be completed. For this, the exchange has sought applications by March 25.
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Existing MD & CEO is getting a strong package
NSE had appointed Vikram Limay as MD & CEO in July 2017 following the departure of Chitra Ramakrishna. Then the exchange offered Vikram an annual package of 8 crores, which was more than double the MD & CEO of the competing exchange BSE. BSE MD & CEO Ashish Kumar Chauhan was getting a package of 3.26 crores. At the same time, when Chitra Ramakrishna left the post, his package was Rs 7.87 crore.
Expect more packages this time
Analysts say that there has been a big increase in the package of Vikram, who was appointed MD & CEO five years ago, while it is possible to offer more on the new appointment. Although Vikram Limaye can also be given the post of MD & CEO of BSE again, but for this he will have to compete with other candidates. Limay is known for the re-branding of NSE.
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The exchange is also looking for these qualities in the new boss
As per the eligibility prescribed in the NSE application, the candidate should have a good track record of Corporate Governance. Apart from this, it is also necessary to be proficient in risk management and compliance management. Preference will be given to such candidates having experience in launching and managing IPOs.
Tags: job opportunity, NSE
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