The Managing Director and Chief Executive Officer of the National Stocks Exchange, Chitra Ramkrishna on Friday resigned from her post. The NSE released a statement saying that Ramkrishna had moved on from her position citing personal reasons. The statement also stated that J. Ravichandran, who holds the post of the Group President at NSE would replace Ramkrishna effective immediately.
The news of Chitra Ramakrishna’s resignation came out as the NSE was getting prepared to introduce the initial public offering(IPO) in the market. Ramkrishna had served as the Joint Managing Director of the National Stock Exchange for 4 years from 2009-13. She had also served as the Head of Listing and the Deputy manager for the NSE India. One of the most prominent contributions of Ramkrishna toward the NSE was that she was a part of the start-up team that had formed it in the 1990s.
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the Bombay Stock Exchange had an unparalleled life before the existence of the NSE. Chitra Ramakhrishna is also a Chartered Accountant by training, had her first working experience at the IDBI Bank in 2985. BSE and NSE member Dipan Mehta told CNBC-TV18, that Ramkrishna’s resignation was unlikely to effect on the working of the exchange. earlier, last month, Ramakrishna had been elected as the chairman of the WFE. WFE is a global industry association for exchanges and clearing houses that represent 45,000-listed companies across the globe.