The government has appointed Pratap Subedi as Chief Executive Officer of the Nepal Stock Exchange (NEPSE), with the Cabinet approving the decision at its meeting on Tuesday. The appointment followed a recommendation from a selection committee formed by the Ministry of Finance. Finance Minister Dr. Swarnim Wagle handed Subedi his appointment letter and instructed him to carry out his duties honestly.
Cabinet approves selection committee recommendation
The Cabinet’s approval formalizes Subedi’s appointment to the top executive position at Nepal’s stock exchange. The selection process was handled through a committee formed by the Ministry of Finance, which recommended Subedi for the role before the matter went to the Cabinet. The government’s decision therefore followed the committee’s recommendation and the Cabinet’s approval.
The announcement identifies the committee’s recommendation as the basis for the appointment, but does not provide further details about the selection process or the other candidates, if any. It also does not specify when Subedi is expected to begin his duties or the length of his term. The stated decision is that he has been appointed CEO following the Cabinet meeting on Tuesday.
Finance minister hands over appointment letter
After the Cabinet approved the appointment, Finance Minister Dr. Swarnim Wagle handed Subedi his appointment letter. Wagle also instructed him to perform his duties honestly. The letter handover marked the formal communication of the government’s decision to the newly appointed chief executive.
The instruction from the finance minister was the only guidance described in the announcement. No additional remarks from Subedi or details about his immediate plans at NEPSE were provided. The available information likewise does not set out any specific priorities or policy changes associated with his appointment.
Subedi’s appointment places him at the head of the Nepal Stock Exchange’s executive leadership. The decision was reached through a process involving a Finance Ministry-formed selection committee and Cabinet approval, followed by the finance minister’s presentation of the appointment letter. Further information about Subedi’s tenure, start date or agenda was not included in the announcement.
