Kathmandu. Nepal Stock Exchange (NEPSE)’s newly appointed Chief Executive Officer (CEO) Chudamani Chapagain has assumed office from Tuesday.
The Council of Ministers meeting held on Monday evening had decided to appoint Chapagain as the CEO of NEPSE. Revenue Secretary Dinesh Kumar Ghimire handed over the appointment letter to the newly appointed CEO Chapagain at the Ministry of Finance today.
Chapagain arrived at NEPSE and assumed office immediately after receiving the appointment letter. The CEO post at NEPSE was vacant after Krishna Bahadur Karki’s term ended on Magh 25. With Chapagain’s appointment, NEPSE has a new CEO.
Chapagai, a native of Jhapa, has experience working in the banking and insurance sectors. He worked at Sanima Bank. He was also the Deputy General Manager of the former Sanima Life Insurance.
At a press conference held at the NEPSE office, the newly appointed CEO Chapagain committed to making NEPSE more technology-friendly during his tenure. ‘Nowadays, everything is digitalized, and NEPSE’s technology should also be upgraded accordingly,’ he said.
He also expressed confidence that the NEPSE team will support and assist him in his work. ‘NEPSE has a great team, I will create an environment that will encourage them,’ he said.
CEO Chapagain said that NEPSE will continue to carry out its work within the scope of the law. ‘I will make every effort to make the stock market dynamic by reporting to the Ministry of Finance and the Nepal Securities Board,’ he said.
Noting that transparency and good governance are important in any organization, CEO Chapagain said that this is what investors are looking for. ‘Investors are assessing how transparent we are,’ he said, ‘because they are watching whether there is an environment for investment in the market. Therefore, as a market operator, I will emphasize on making NEPSE more transparent.’
The newly appointed CEO Chapagain said that there is a need to further spread public awareness about the stock market. ‘For that, I work from my place,’ he said, ‘as public awareness increases, the size of the stock market increases, and transactions increase. It will help in market expansion.’
Noting that the government’s revenue will also increase as the market grows, Chapagain said that increasing the size of the market will make it easier for companies to raise capital, which will also have a positive impact on GDP.
