MUMBAI: His appointment was cleared by the Securities Exchange Board of India  (Sebi) in end August  when he was MD & CEO of ICICI Securities.  The National Securities Depository Ltd (NSDL), however,  announced on 29 November  that financial market veteran Vijay Chandok has joined the organisation as MD & CEO.

Chandok’s  appointment is set for five years or until he turns 65, earlier reports had suggested. These  had also suggested that Chandok would join at a time when NSDL was looking at unlocking value through an initial public offering. But today, the depositories body said that he “set to lead the organisation through a transformative phase, focusing on enhancing market operations and ensuring secure, efficient, and innovative solutions for stakeholders.”

Chandok has  a master’s in management studies from NMIMs and an engineering degree from ITT Bubaneshwar.