Published On: Thu, Oct 8th, 2009

New Senior Level Appointments At Bombay Stock Exchange

Bombay Stock Exchange (BSE) announced June 30, 2009 the following appointments to strengthen its senior management structure.

James E. Shapiro has been appointed head of Market Development of the Exchange, effective July 01, 09.  Mr. Shapiro is an Exchange industry veteran with deep experience in Asian capital markets.  Most recently, Mr. Shapiro was Senior Managing Director of Galileo Global Advisors, a boutique investment bank in New York focused on cross-border M&A advisory.  At Galileo, Mr. Shapiro’s clients included several global Exchanges.  Prior to Galileo, Mr. Shapiro was at the New York Stock Exchange (NYSE) for 16 years in a number of senior management roles. Mr. Shapiro also opened the first NYSE offices in Asia in Tokyo and Hong Kong and has been involved in the Indian capital markets since 1997.  Mr. Shapiro has a B.A. from Harvard University and an M.A in economics from Yale University.

Dr. Sayee Srinivasan, PhD., has been appointed head of Product Strategy, effective July 01, 09.  Dr. Srinivasan, will be joining from the Chicago Mercantile Exchange (CME) Group, where he was Director, Asian Product and Market Development, based in Mumbai.  He has over 10 years experience in developing products across multiple asset classes including equities, interest rates, corporate bonds, and foreign Exchange. In addition to his experience at the CME, Dr. Srinivasan worked at the National Stock Exchange of India, on derivatives market development, and at OptiMark Technologies in the US, developing electronic trading systems. Dr Srinivasan has his undergraduate degree from Bombay University and a Ph.D in Economics from the University of Texas at Austin.

Nehal Vora has been appointed head of Planning and Policy, effective July 23.  Mr. Vora has most recently been Director, Law & Compliance at DSP Merrill Lynch Ltd. covering equities and investment banking compliance. Prior to that Mr. Vora was employed with the Securities and Exchange Board of India (SEBI) in various functions including the Derivatives and New Products Department, covering policy, product  and process innovation  in areas of derivatives, implementation of T+2 rolling settlement, system of Straight Through Processing for the institutional trades. Mr. Vora has 13 years experience in the securities market including 10 years at SEBI. He has graduated in management (MMS – Finance) from NMIMS, Mumbai.

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