The Board of United Stock Exchange, India’s latest stock exchange, has appointed TS Narayanasami as its managing director & CEO. United Stock Exchange is the youngest exchange to be opened for trading in financial derivatives in India. Mr. Narayanasami’s appointment as CEO has been approved by the United Stock Exchange’s board and subsequently by regulators SEBI & RBI and the government of India.
Reportedly, as CEO, Mr. Narayanasami will be heading USE’s operations, which are scheduled to begin shortly. USE also intends to introduce new and modern financial instruments as and when policy makers open up these markets in India.
United Stock Exchange of India (USE) has 16 Indian business and finance institutions such as Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Canara Bank, Indian Overseas Bank, Oriental Bank of Commerce, Punjab National Bank, Union Bank, United Bank, Federal Bank, HDFC bank, MMTC, Indian Potash, Jaypee Capital, and Tata Consultancy Services, as its shareholders.
