Page 25 - BANKING FINANCE JULY 2016

NEW APPOINTMENTS

Ashok Chawla Ashok Chawla is new chairman of National Stock Exchange

Former chairman of the Competition Commission of India (CCI), Ashok Chawla, is the new chairman
of the National Stock Exchange of India Ltd (NSE). Chawla's appointment was confirmed after
obtaining a clearance from the market regulator, the Securities and Exchange Board of India, an
NSE spokesperson said.

Chawla retired as CCI chairman in January after being at the helm for nearly five years. He will take
the place of S.B. Mathur, who retired as NSE chairman earlier this year.

Sujoy Bose appointed as CEO of National Investment and

Infrastructure Fund

Sujoy Bose was on 27 June 2016 appointed as the Chief Executive Officer (CEO) of the National
Investment and Infrastructure Fund (NIIF).

Bose has extensive international experience in the infrastructure sector, including experience in

raising funds from international investors. At present, Bose works as the Director and Global Co- Sujoy Bose
Head of infrastructure and natural resources at the International Finance Corporation (IFC), a part

of the World Bank group. He holds an MBA from Rice University and a Bachelor of Commerce degree from St Xavier's

College, Kolkata, India.

Navin Agarwal appointed DG of National Anti-Doping Agency

Senior IPS officer Navin Agarwal was on 3 June 2016 appointed as Director General (DG)/ Chief
Executive Officer (CEP) of National Anti-Doping Agency (NADA).

Navin Agarwal The Appointments Committee of Cabinet (ACC) chaired by Prime Minister Narendra Modi approved
his appointment as Chief of NADA. He is appointed to the post for five years term. Navin Agarwal
is a 1986 batch IPS officer of Jammu and Kashmir cadre.

Satya Pal Jain appointed as Law Commission member

Additional Solicitor General of India and former Parliamentarian Satya Pal Jain was on 10 June 2016
appointed as a part-time member of the 21st Law Commission of India. The appointment will be
in addition to his charge as an Additional Solicitor General of India.

Satya Pal is a noted constitution lawyer and senior Bharatiya Janata Party (BJP) leader. He has been Satya Pal Jain
the Dean of the Law Faculty of Punjab University and is a Member of the Punjab University Senate
for the last 40 years.

Indian's average wealth up 400% in 10 years; Report

Average wealth of an Indian surged by 400 per cent in 10 years to 2015 while that of a European citizen declined by
5 per cent during the period, says a report by New World Wealth.The report said that in emerging markets such as
India, China and Vietnam, average wealth has gone up by over 400 per cent during the 10-year period (2005-15). The
average European citizen is currently worth around $86,000.

During the past 10 years (2005 - 2015) this figure has declined by 5 per cent. This compares poorly to other developed
markets as the average wealth of a person in Australia has increased by over 100 per cent and in Canada by over 50
per cent in the same period. One of the major issues that have deterred wealth creation in Europe is migration of
wealthy people out of Europe.

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