According to the sources, veteran banker Vikram Limaye is likely to join National Stock Exchange (NSE) as the new Managing Director and chief executive. He is currently administrating the Board of Control for Cricket in India (BCCI) and will withhold the position till July 14. Last month, markets regulator Sebi has approved Limaye’s appointment as head of NSE, provided he gives up his role at BCCI.
Vikram Limaye was selected as the managing director and CEO of the exchange by the board of NSE in February following the abrupt exit of Chitra Ramkrishna in December last year. In March, shareholders of the Exchange had approved the appointment.
Being a commerce graduate he is an MBA in Finance and Multinational Management from the Wharton School of the University of Pennsylvania. He started his professional career with Arthur Andersen in Mumbai in 1987 and has also worked with Citibank. He worked on Wall Street for eight years with Credit Suisse First Boston before returning to Mumbai in 2004. Limaye has over 25 years of experience of working with financial institutions, global investment banks, international commercial banks, and global accounting firms. The veteran banker has contributed to various committees of government and industry associations on a range of topics on infrastructure, economic policy, markets, and trade.