May 11 (Bloomberg) -- The Bombay Stock Exchange, Asia’s oldest bourse, plans to appoint Madhu Kannan<http://search.bloomberg.com/search?q=Madhu+Kannan&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>as chief executive officer, two people with knowledge of the decision said.
Kannan’s appointment may be announced as early as today, filling a vacancy nine months after Rajnikant Patel<http://search.bloomberg.com/search?q=Rajnikant+Patel&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>quit, one person said, requesting anonymity before an official announcement. Kannan previously worked at Bank of America Corp. The Bombay bourse, founded in 1875, has lost ground to its younger rival the National Stock Exchange of India Ltd., which handles twice<http://www.bloomberg.com/apps/quote?ticker=VOINTOTV%3AIND>as many share trades and is the world’s largest single stock futures market. The BSE’s benchmark Sensitive Index has gained<http://www.bloomberg.com/apps/quote?ticker=SENSEX%3AIND>23 percent this year after a record drop in 2008. Bank of America’s Hong-Kong-based spokesman Rob Stewart<http://search.bloomberg.com/search?q=Rob+Stewart&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>declined to comment. Kalyan Bose<http://search.bloomberg.com/search?q=Kalyan+Bose&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1>, spokesman at the Mumbai-based exchange, said a new head could be appointed today, without naming any candidates. The Bombay exchange sold a 51 percent stake to a group led by Deutsche Boerse AG and Singapore Exchange Ltd. in April 2007, after investors led by NYSE Group Inc. and Goldman Sachs Group Inc. acquired 20 percent of the National exchange. http://www.bloomberg.com/apps/news?pid=20601091&sid=as.9_DitTVBk&refer=india -- THERE is nothing beyond God, and the sense enjoyments are simply something through which we are passing now in the hope of getting things. Swami Vivekananda --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
