Chudamani Chapagain has officially taken over as the Chief Executive Officer (CEO) of the Nepal Stock Exchange (NEPSE) starting Tuesday. But who is he, and what plans does he have for NEPSE?
Who appointed Chudamani Chapagain as NEPSE’s CEO?
The Council of Ministers made the decision to appoint Chapagain during a meeting on Monday evening. On Tuesday, Revenue Secretary Dinesh Kumar Ghimire handed over the appointment letter to him at the Ministry of Finance.
Why was the CEO position vacant?
The CEO position at NEPSE had remained vacant after Krishna Bahadur Karki’s term ended on Magh 25. With Chapagain’s appointment, NEPSE now has a new leader.
What is Chapagain’s background?
Chapagain hails from Jhapa and has extensive experience in the banking and insurance sectors. He previously worked at Sanima Bank and also served as the Deputy General Manager of the former Sanima Life Insurance.
What are Chapagain’s key priorities for NEPSE?
During a press conference at the NEPSE office, Chapagain emphasized the need for modernization. “Everything is digitalized nowadays, and NEPSE’s technology should also be upgraded accordingly,” he said. He also assured that NEPSE will operate within legal boundaries and maintain transparency to boost investor confidence.
How will transparency impact the stock market?
Chapagain highlighted the importance of good governance, stating that investors closely observe transparency in the stock market. “Investors assess how transparent we are before making investment decisions. As a market operator, I will focus on making NEPSE more transparent,” he added.
What role does public awareness play in market growth?
The new CEO stressed the need for increased public awareness regarding the stock market. “As awareness grows, market size and transactions will expand, contributing to overall market development,” he explained.
How will NEPSE’s growth impact the economy?
Chapagain pointed out that a larger stock market would lead to higher government revenue and make it easier for companies to raise capital. This, in turn, would have a positive effect on the country’s GDP.
With Chapagain now at the helm, the stock market community is eager to see how his leadership will shape NEPSE’s future.
