K. N. Ramanath has assumed office as Executive Director of the Madras Stock Exchange Ltd.

According to a press release from the exchange, prior to this, he was the Chief Operating Officer of Delhi Stock Exchange Ltd.

He has also held various positions in the financial sector such as CEO and Wholetime Director of BgSE Financials Ltd (subsidiary of Bangalore Stock Exchange Ltd); Assistant General Manager of Bharat Overseas Bank and Indian Overseas Bank; Assistant Vice-President, Retail Product Development with ING Vysya Bank Ltd.

Ramanath has joined the exchange at a crucial juncture when the exchange is gearing up to re-commence its trading platform duly meeting the criteria set forth by the new regulatory norms.

It is also in the midst of discussions with Bangalore Stock Exchange Ltd for an eventual merger of the latter with itself, adds the release.

(This article was published on February 3, 2013)
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