Meet BSE's Turnaround Man
When Sundaraman Ramamurthy became the chief of Bombay Stock Exchange, he found an organisation that was almost on the brink of irrelevance. He found highly dwindled cash market share, no opening in equity derivatives and a heap of operational issues.
Could he “make the elephant dance?” is the question many asked.
But from there, Ramamurthy led a remarkable turnaround of the bourses with a mix of strategic initiatives and basic steps: painstakingly going to hundreds of brokers and asking them what would make them start trading again. While issues still persist, especially in…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.