Kathmandu, August 1

Ministry of Finance (MoF) has started looking for a candidate for the post of general manager of Nepal Stock Exchange (Nepse). MoF began the process today after the post became vacant on July 7 when the term of former GM Sitaram Thapaliya ended.

Interested candidates can submit their application to the ministry within August 15. The criteria for eligibility include a Masters degree in economics, commerce, finance, management or law, with five years of experience in the banking or financial sector. According to the notice published by MoF today, the age limit has been set at 30 to 60 years.

Interested candidates also need to submit a four-year business plan. MoF has formed a three-member selection committee under Joint Secretary of MoF Anandaraj Dhakal to select next GM of Nepse. Another Joint Secretary at MoF Uttar Khatri and former director of Nepal Rastra Bank Tul Raj Bashyal are members of the committee. “We plan to finalise the selection process as soon as possible,” Dhakal said.

Likewise, the government has formed another committee under Revenue Secretary of MoF Shishir Kumar Dhungana toselect a chief executive officer for Deposit and Credit Guarantee Fund (DCGF).

As a deposit insurer, DCGF started deposit guarantee scheme from 2010. It is a system that protects depositors against loss of their guaranteed deposits placed with banks and financial institutions (BFIs) in case of BFIs’ failure. The selection committee formed under Dhungana has also published a notice seeking applications for the aforementioned post within August 14.