THE NEWSMAN OF INDIA.COM
MUMBAI: South Asian Federation of Exchanges (SAFE) has appointed BSE managing director and chief executive Ashishkumar Chauhan as the new chairman. SAFE is a forum of 28 member entities from the SAARC regions like Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka as well as Mauritius and UAE.

The forum provides the countries a platform to share, exchange and promote the technologies, experiences for the rapid growth and development of capital markets and works towards the regional as well as global integration. “I want to assure you that I will do everything in my power (as chairman) to ensure that SAFE achieves its ambition to accelerate economic integration within the region by creating strong cross border capital market linkages andcreating a conducive environment for cross border co-operation,” Chauhan said at the SAFE conference here today. He also noted that South Asia needs to be on a rapid growth path and therefore it was imperative to have a strong capital market system along with a banking.