Calcutta Stock Exchange begins search for new MD and CEO

The Calcutta Stock Exchange (CSE) has started search for a new Managing Director and Chief Executive Officer for revitalising the bourse.

The exchange, which is currently under suspension, is on the path of transformation.

"In order to take positive steps towards revitalising the stock exchange, CSE wants to appoint a Managing Director and CEO," the exchange said in a public announcement.

 

The primary responsibility of the new appointee would be to revitalise the exchange by liaising with markets regulator Sebi and to develop an active engagement process with other bourses for introducing new products and market them effectively to stock broking entities in eastern India.

Besides, the person is expected to play a significant role in developing new technology platforms in synchronisation with Sebi norms and also have to explore new business avenues.

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The candidate applying for the post should have "adequate knowledge of functioning of stock exchange and capital markets, experience of heading an organisation and appropriate analytical communication and presentation skills."

The interested candidate is required to apply for the post by August 31 this year.

The appointment is subject to Sebi guidelines.

In 2013, CSE had to suspend trading as it failed to comply with the Stock Exchanges and Clearing Corporations norms. The exchange has been executing trade through its in-house clearing mechanism.