CEO, Bombay Stock Exchange
Ashish currently works as the MD and CEO of BSE, the first stock exchange of India. BSE is ranked as the largest exchange in the world in terms of number of stocks listed.
Ashish has been given the Distinguished Alumnus Award for the year 2014 by his alma mater, Indian Institute of Technology, Bombay. In 2014, he has also received the best CEO in the Financial Markets in the Asia Pacific by the Asian Banker. He has been ranked amongst the 60 most influential Gujaratis in the world for last 2 consecutive years by Chitralekha, the largest selling Gujarati magazine. He was also ranked amongst the top 50 Chief Information Officer (CIO) by several magazines and institutions between 2005 and 2009 including CIO Magazine US, Information Week, US etc.
Ashish is best known as the father of modern financial derivatives in India. He was part of a small team of 5 people selected from IDBI to set up National Stock Exchange (NSE). At NSE, he set up the first commercial satellite network, initial technology platform, Nifty index, NSE’s certification in financial markets (NCFM), listing, derivatives markets etc. At BSE, he has been responsible to bring the fastest trading system in India with 200 microseconds response time. In addition, he has also been responsible for revamping of BSE, bringing equity, currency and interest rate derivatives to BSE, introducing mobile trading system in India and several other achievements.
Ashish is considered as one of the foremost experts in financial market policies, microstructure, Information technology, organized retail, telecommunications, Indian social issues, cricket etc. He also worked as the CEO of a cricket team in its formative years – Mumbai Indians in addition to his role as the President and CIO of Reliance group.
He currently serves on the Board of ICCL, CDSL, BSE Institute Limited and Marketplace Technologies Limited. He is also a member of the Board of Governors of IIIT D&M, Jabalpur. He also serves as the Chairman of the Advisory Committee on Technology of FMC, member of several SEBI committees (including Primary Market Advisory Committee and Secondary Market Advisory Committee), Technical Advisory Committee (TAC) on Money, Foreign Exchange and Government Securities Markets of RBI and has served on various other government and regulatory committees; CBDT and FMC, among others in the past. He is also a member of the UK-India Financial Partnership constituted by the Ministry of Finance, Government of India. He is a member of the National Executive Committee and the Capital Markets Committee of FICCI as well as FICCI’s Inclusive Governance Council, National Committee on Capital Markets and National Council on Financial Sector Development of CII. He also serves on the managing committee of Indian Merchants Chamber. He is on the International Leadership Council of Ryerson Futures, an accelerator program that selects and assembles top technology based startups globally. He is also a distinguished visiting professor at the Ryerson University in Toronto, Canada.
He and his writings have been quoted in various magazines, newspapers and other media – worldwide over last 2 decades.
Ashish holds a B.Tech in Mechanical Engineering from IIT Bombay and PGDM from IIM Calcutta