Vikram Limaye’s five-year tenure as managing director & chief executive officer (MD & CEO) of the National Stock Exchange (NSE) ended on Friday. The exchange is yet to announce a successor. Sources said market regulator Securities and Exchange Board of India (Sebi) hasn’t yet zeroed in any name. NSE had started the MD & CEO selection process in March. Limaye was eligible for another five-year term at NSE. However, he decided to opt out.
Limaye took charge in July 2017, seven months after the controversial departure of former MD & CEO Chitra Ramkrishna amid charges of wrongdoings at NSE’s