9th March 2025, Kathmandu
A total of ten applicants have submitted their applications for the position of Chief Executive Officer (CEO) at Nepal Stock Exchange (NEPSE). The Ministry of Finance confirmed that the final date for submissions was Sunday, with all applicants meeting the deadline.
NEPSE CEO Selection
Among the applicants, Full Prasad Acharya, former CEO of CDS and Clearing, stands out. Also applying is Krishna Bahadur Karki, who has previously served as NEPSE’s CEO. Other candidates include Badri Prasad Pyakurel, Narad Kumar Luitel, Yubraj Dahal, Prabin Adhikari, Chudamani Chapagain, Bimal Kumar Tiwari, Hemant Basyal, and Mukund Raj Joshi.
Deadline Extended by Seven Days
Initially, the deadline for applications was set for February 13, but due to three public holidays, the recommendation committee decided to extend it by seven days, pushing it to February 25. The Ministry of Finance cited the holiday period as a reason for the extension.
Committee for Selection
The recommendation committee, tasked with selecting the next CEO, is headed by Sevanta Pokharel, a Deputy Secretary at the Ministry of Finance. Other committee members include Amrit Lamsal, a Deputy Secretary, and Dr. Khomraj Kharel, an expert member. They will review all applications and recommend a candidate for the position.
CEO Position Vacant Since January
The position of CEO at NEPSE has been vacant since 7 February, when Krishna Bahadur Karki’s tenure ended. Since then, the role has been managed by Niranjan Fuyal, the General Manager of NEPSE, in an acting capacity.
Next Steps in the Selection Process
With the applications now submitted and the extended deadline over, the recommendation committee will begin its review. They will evaluate each candidate’s qualifications and experience before selecting the most suitable individual for the CEO position.
Conclusion
The search for a new CEO to lead NEPSE has entered the next phase. As the committee assesses the applications, the stock exchange awaits the appointment of a leader to guide it through an exciting period in Nepal’s growing financial market.