BSE has announced that SEBI concurrence has been secured for appointment of Sundararaman Ramamurthy as its Managing Director & Chief Executive Officer. The top position has been vacant since July when the then MD & CEO Ashish kumar Chauhan resigned from the post to join the rival National Stock Exchange (NSE). The appointment is subject to acceptance of the offer made to him and fulfilment of terms and conditions including approval from the shareholders.

Mr. Ramamurthy is presently the chief operating officer of the India arm of Bank of America Corp, and has previously worked as a senior vice president at NSE.

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