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The United Stock Exchange (USE) has invited applications for the post of managing director and chief executive officer (CEO). A USE official confirmed that it was seeking a new chief executive.
It has asked for applications to be submitted by January 22, according to an advertisement in a financial daily.
“The candidate must be qualified in the field of capital markets, finance or management and possessing sufficient experience in related fields for at least 15 years. The candidate must be aged not more than 50 years as on January 31, 2014. Age and experience limits may be relaxed for deserving candidates at the discretion of the selection committee,” said the advertisement.
The exchange had previously appointed Saurabh Sarkar as its head in July 2012. The exchange stake holders include all 21 public sector banks, six private sector companies as well as one foreign bank in the form of Standard Chartered.
Media reports have indicated that he has since moved on to MCX-SX. The exchange had announced a new CEO without disclosing the person’s name in an announcement on Friday. A text message sent by Business Standard to Sarkar did not immediately elicit a reply.
Other stake holders include Indian Potash, Jaypee Capital Services and MMTC; according to the exchange website. The BSE too holds a stake in the exchange.
