Ashishkumar Chauhan is an Indian business executive, administrator and current Chancellor of University of Allahabad. In July 2022, Chauhan is managing director and chief executive officer of National Stock Exchange (NSE). He was the managing director and chief executive officer of the Bombay Stock Exchange (BSE). and his term will complete in November 2022. He also serves as the member of Governing council of one of the premier B school in India - IIM Raipur. Ashish is best known as the father of modern financial derivatives in India, and is considered one of the foremost experts in financial market policies, Information technology, organized retail, telecommunications and Indian social issues.
Career: His first break came in 1993, when the Government proposed a stock exchange in the National Stock Exchange (NSE). Chauhan was a member of the core team that founded the NSE, and responsible for setting up their equities and derivatives markets from 1993 to 2000. His work at NSE, involved market operations, membership, clearing and settlement, surveillance, regulations, sales, marketing, IT, premises etc. Chauhan himself was involved in creating the trading infrastructure at NSE and was instrumental in creating NSE-50 (Nifty), the most traded index in derivatives in India, NSE's certification in Financial Markets (NCFM), IPO through screen and several other innovations in the Indian capital markets. In addition, he was instrumental in setting up initial Information Technology infrastructure including the first commercial satellite telecom network in India for NSE. He was also involved in conceptualization of National Securities Clearing Corporation (NSCCL) and initial set up of National Securities Depository Limited (NSDL). He looked at NSE's risk management system along with two others. The team created a metric to measure liquidity in stocks—called impact cost—which is now standard practice. Due to his work in setting up modern exchange traded financial derivatives in Indian markets, he is known as the ‘father of derivatives’ in Indian finance. In July 2022, Chauhan was appointed as managing director and chief executive officer of National Stock Exchange (NSE).
In 2001, Chauhan left NSE to begin his entrepreneurship venture, financed by the Reliance group, and soon began working for Reliance Infocomm. In 2004, Chauhan became the chief information officer (CIO) of Reliance Infocomm, and then the Reliance Group CIO in 2005. He was also the CEO of the cricket team Mumbai Indians, owned by Reliance Industries, in its formative years.
After leaving Reliance Industries, Chauhan joined BSE as Deputy CEO in 2009 and was appointed as CEO in 2012. He is credited with reviving BSE including making it the fastest Exchange in the World with less than 6 microseconds response time, introduction of Mobile Trading, state of the art online real time surveillance system, introduction of several market leading products. In addition, he has also been responsible for revamping of BSE, bringing in the entire spectrum of products including equity, currency, interest rate derivatives and commodities to BSE. Under his guidance, BSE has taken leadership position in setting up Small and Medium Enterprises (SME) Platform, Offer for Sale (OFS), Mutual Funds Distribution through Exchanges, e-IPO etc. As of October 2018, BSE commands more than 70% markets share in these segments.
Career: His first break came in 1993, when the Government proposed a stock exchange in the National Stock Exchange (NSE). Chauhan was a member of the core team that founded the NSE, and responsible for setting up their equities and derivatives markets from 1993 to 2000. His work at NSE, involved market operations, membership, clearing and settlement, surveillance, regulations, sales, marketing, IT, premises etc. Chauhan himself was involved in creating the trading infrastructure at NSE and was instrumental in creating NSE-50 (Nifty), the most traded index in derivatives in India, NSE's certification in Financial Markets (NCFM), IPO through screen and several other innovations in the Indian capital markets. In addition, he was instrumental in setting up initial Information Technology infrastructure including the first commercial satellite telecom network in India for NSE. He was also involved in conceptualization of National Securities Clearing Corporation (NSCCL) and initial set up of National Securities Depository Limited (NSDL). He looked at NSE's risk management system along with two others. The team created a metric to measure liquidity in stocks—called impact cost—which is now standard practice. Due to his work in setting up modern exchange traded financial derivatives in Indian markets, he is known as the ‘father of derivatives’ in Indian finance. In July 2022, Chauhan was appointed as managing director and chief executive officer of National Stock Exchange (NSE).
In 2001, Chauhan left NSE to begin his entrepreneurship venture, financed by the Reliance group, and soon began working for Reliance Infocomm. In 2004, Chauhan became the chief information officer (CIO) of Reliance Infocomm, and then the Reliance Group CIO in 2005. He was also the CEO of the cricket team Mumbai Indians, owned by Reliance Industries, in its formative years.
After leaving Reliance Industries, Chauhan joined BSE as Deputy CEO in 2009 and was appointed as CEO in 2012. He is credited with reviving BSE including making it the fastest Exchange in the World with less than 6 microseconds response time, introduction of Mobile Trading, state of the art online real time surveillance system, introduction of several market leading products. In addition, he has also been responsible for revamping of BSE, bringing in the entire spectrum of products including equity, currency, interest rate derivatives and commodities to BSE. Under his guidance, BSE has taken leadership position in setting up Small and Medium Enterprises (SME) Platform, Offer for Sale (OFS), Mutual Funds Distribution through Exchanges, e-IPO etc. As of October 2018, BSE commands more than 70% markets share in these segments.
2022-04-29
https://en.wikipedia.org/wiki/Ashish_Chauhan
