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Homecoming: Crises galore await Ashish Chauhan at NSE
All set to return to the NSE after two decades, the BSE's outgoing CEO Ashish kumar Chauhan faces an uphill task of guiding the bourse bogged down by governance lapses, a co-location scam, technical glitches, and a phone-tapping probe, according to experts.
Chauhan will also need to steer the long-pending public offer of shares at the National Stock Exchange (NSE), where he was part of the founding team but left it in 2000, for various roles at Reliance Industries RIL group, before returning to the stock exchange arena as deputy CEO of the BSE in 2009 and then as CEO in 2012.
The NSE's public issue had got derailed after the bourse got embroiled in the co-location controversy, where certain brokers were allegedly given unfair access to the exchange data feeds over other members. Chauhan is credited for successfully handling the initial share sale of BSE.