Chitra Ramkrishna, managing director & chief executive officer of the National Stock Exchange of India Ltd. (NSE), poses for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

NSE’s MD And CEO Chitra Ramkrishna Expresses Desire To Resign

The chief executive officer and managing director of the National Stock Exchange, Chitra Ramkrishna, has expressed her desire to resign, a person close to the development told BloombergQuint.

A board meeting on the matter is currently underway. The NSE will offer a comment, if any, only once the board meeting concludes, an official spokesperson of the exchange said over the phone.

Ramkrishna offered to quit due to differences with several board members on the future of the exchange, Bloomberg said, quoting people familiar with the matter who asked not be identified as they are not authorised to speak publicly.

NSE is likely to name J Ravichandran as chief executive officer, according to information with Bloomberg.

The stock exchange is preparing to go public early next year and appointed bankers including Citigroup and Morgan Stanley in August.

This is a developing story and further details are awaited.

About Chitra Ramkrishna:

  • Been with NSE since its inception in 1992.
  • Named chairperson of World Federation of Exchanges in october this year.
  • Took over as MD & CEO of NSE on April 1, 2013 for five years.
  • Only the third person to lead NSE in its near 25-year history.
  • Part of the team that drafted the legal framework for SEBI in 1987.
  • Handled various operational and strategic aspects of NSE during her role as Deputy and Joint Managing Director.
  • Often named as among the top women business leaders from India.

(With Inputs From PTI)