NEPSE CEO Chudamani Chapagain Resigns
6th July 2026, Kathmandu
The Chief Executive Officer of the Nepal Stock Exchange, Chudamani Chapagain, has officially resigned from his top leadership post.
NEPSE CEO Chapagain Resigns
He submitted his resignation papers directly to Finance Minister Dr Swarnim Wagle at the Ministry of Finance premises in Kathmandu on Monday.
According to initial corporate statements and personal confirmations, the financial administrator decided to step down due to personal reasons. The capital market has reacted with surprise to the development given the short timeline of his administrative tenure.
RESIGNATION SUBMITTED TO FINANCE MINISTER
The leadership transition unfolded early on Monday morning when Chapagain personally visited the central ministry to deliver his formal letter. No official statement has been released regarding the process for appointing a new successor.
The Ministry of Finance has received the file, but formal cabinet review protocols remain pending. The equity market continues to seek clarity regarding who will handle interim oversight tasks during this transition window.
APPOINTED IN 2025
Chapagain took charge of the country sole stock exchange following a formal Cabinet decision in late March 2025. This timeline matched the month of Chaitra 2081 on the traditional Nepalese calendar.
He managed the secondary market administration for a little over fourteen months before stepping down. His appointment had resolved a long vacuum that began when the previous director finished his term.
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REASON FOR RESIGNATION
Speaking briefly after exiting the ministry building, Chapagain noted that his career decision was driven entirely by private considerations. He declined to elaborate on any surrounding circumstances or specify any operational challenges.
The state treasury and the stock exchange board have yet to declare temporary management steps. Currently, no acting chief has been named to run daily clearing or tracking operations.
MARKET CONTINUITY AND UPGRADE TARGETS
The unexpected departure occurs at a crucial time for the capital market infrastructure of Nepal. During his year in office, Chapagain participated in advancing systemic data tools and transaction tracking frameworks.
Before managing the stock exchange desk, Chapagain built a lengthy professional profile within the national banking sector. He worked for several years at Sanima Bank and later served as the Deputy General Manager at Sanima Reliance Life Insurance.
The procedure for appointing a stock exchange chief usually requires a specialized selection committee formed by the finance ministry. The panel reviews competitive industry filings, shortlists three expert professionals, and forwards them for Cabinet selection.
Local retail groups and broker associations are watching the ministry next steps closely. Investors remain hopeful that the leadership vacancy will not cause processing delays or slow down ongoing digital trading upgrades.
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