Chitra Ramakrishna quits as CEO and MD of N.S.E

Chitra Ramakrishna who is working with N.S.E (National Stock Exchange) since its inception has announced her retirement today due to personal reasons despite N.S.E asking her repeatedly to stay. The N.S.E also released a statement stating that J.Ravichandran who is now holding the post of Group President would replace Ramakrishna immediately.

Ramakrishna retirement comes just months before a planned initial public offer(IPO) was going to hit the market. NSE has recently hired four additional investment banks to handle the issue.

Chitra Ramakrishna has been the first woman head of N.S.E. and has also been elected as the first woman chair of the World Federation of Exchanges (WFE). She played a major role in the establishment of National Stock Exchange in the 1990s. She became MD and CEO of N.S.E on April 1,2013 for a period of 5 years. She succeeded Ravi Narain as the head of NSE.

According to data from WSE, NSE is one of the top bourses in the world as far as equity trades and market capitalization is concerned.

SOURCE : Economic Times, The Financial Express

IMAGE : Arabian Business