In a significant reversal, the Government of Nepal has appointed Chudamani Chapagain as the new CEO of NEPSE, replacing the earlier selection of Narad Kumar Luintel. The decision was finalized in a recent Cabinet meeting, marking a strategic shift in leadership for Nepal’s sole stock exchange.
Profile of the New CEO: Chudamani Chapagain
Banking Veteran with 25+ Years of Experience
- Residence: Damak, Jhapa
- Professional Background:
- Former executive at Sanima Bank & Sunrise Bank
- Expertise in financial management, banking, and IT systems
- Initially slated to join Nepal Bank’s Board of Directors before NEPSE appointment
- Vision for NEPSE: Expected to drive digital transformation, market reforms, and investor confidence
Selection Process & Key Candidates
Five Shortlisted Contenders for NEPSE Leadership
The selection committee shortlisted:
- Chudamani Chapagain (New CEO)
- Narad Kumar Luintel (Earlier selection, now overturned)
- Purna Prasad Acharya
- Badri Prasad Pyakurel
- Hemanta Basyal
Chapagain’s appointment highlights the government’s focus on technology-driven market reforms.
Why This Change Matters for NEPSE?
- Tech-Savvy Leadership: Chapagain’s IT expertise aligns with NEPSE’s need for digital upgrades.
- Market Modernization: Expected to improve trading systems, transparency, and liquidity.
- Investor Confidence: His banking background may strengthen regulatory compliance and stability.
What’s Next for NEPSE?
- Faster adoption of automated trading systems (ATS)
- Potential new market instruments (derivatives, ETFs)
- Improved investor protection mechanisms