Wednesday, October 4, 2017

Finance Ministry recommends Nepse and DCGC heads

The selection committee formed by the Finance Ministry has recommended three candidates for the post of general manager (GM) of Nepal Stock Exchange (Nepse) and chief executive of Deposit and Credit Guarantee Corporation (DCGC).
After taking their interviews and studying their business plans, the selection committee – chaired by joint secretary of the ministry Uttar Kumar Khatri – recommended three
names – Chandra Singh Saud, Pramod Raj Sharma and Manoj Kumar Gnyawali – to the Cabinet today for a post of general manager of Nepse.
Chandra Singh Saud is a former chief executive officer of Nepal Insurance Company, whereas Pramod Raj Sharma is a university professor and Manoj Kumar Gnyawali is the deputy chief executive officer at Jyoti Bikash Bank.
The Cabinet meeting will select one of them as the general manager of Nepse for a term of four years. The selection committee had taken interviews of all the 13 candidates and shortlisted five on September 16 before recommending three to the Cabinet.
"The selection committee has finalised the candidates on the basis of their performance during interviews and based on their business plans,” he said, adding that Prabin Pandak and former Nepse general manager Sitaram Thapaliya, who had made it to the top five, are now out of the race.
The Finance Ministry had started the process to appoint a general manager at Nepse on August 1, after former general manager Thapaliya completed his four-year tenure on July 7.
Likewise, the Finance Ministry has finalised three candidates for the post of chief executive officer (CEO) of the Deposit and Credit Guarantee Corporation (DCGC). The selection committee led by Revenue Secretary Shishir Kumar Dhungana finalised three candidates today for the post after taking their interviews and examining their business plans.
The ministry has finalized former chief executive officer of Nepal Community Development Bank Ghamansingh Khadka, acting chief executive officer at DCGC Bishnubabu Mishra and a banker Binod Bahadur Karki as top three candidates for the chief executive of the Corporation.
The Cabinet will appoint one of them as the CEO of the Corporation for four years.
As a deposit insurer, DCGC started deposit guarantee scheme from 2010. It is a system that protects depositors against loss of their deposits placed with banks and financial institutions (BFIs) in case of BFIs’ failure.

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