The Bombay Stock Exchange (BSE), Asia’s oldest, is strengthening its human resource as part of efforts to gain market share and reposition itself.
The exchange had appointed Madhu Kannan, who was earlier with New York Stock Exchange, last month. Taking the process forward, it has announced three new high-profile appointments “to strengthen its senior management structure.”
The exchange has appointed James E Shapiro as head of market development. He will take charge on July 1. Prior to this, he was senior managing director of Galileo Global Advisors, a boutique investment bank whose clients included several global exchanges. Prior to Galileo, Shapiro, a Harvard and Yale university graduate, was at the New York Stock Exchange for 16 years. He has been involved in the Indian capital markets since 1997.
Sayee Srinivasan, appointed head of product strategy, is joining from the Chicago Mercentile Exchange (CME) Group, where he was director, Asian Product and Market Development, based in Mumbai. He has over 10 years experience in developing products across multiple asset classes, including equities, interest rates, corporate bonds and foreign exchange. He had earlier worked at the National Stock Exchange on derivatives market development.
Nehal Vora, who has been appointed head of planning and policy, will take charge on July 23. Vora was till recently director, law & compliance, DSP Merrill Lynch Ltd, and covered equities and investment banking compliance.
Prior to that, he was with the Securities and Exchange Board of India.
Kannan said the new team augmented the talent pool of BSE and was a right mix of global and local experience to strengthen the systems.
