ISSA welcomes Chandok to executive board
13 March 2025 India
Image: ISSA
The International Securities Services Association (ISSA) has appointed Vijay Chandok, managing director and CEO at the National Securities Depository Limited (NSDL), to its executive board.
Based in Mumbai, Chandok brings more than three decades of experience in banking, financial services, and the insurance sector to the board.
In this position, he succeeds Padmaja Chunduru, the former managing director and chief executive officer of NSDL.
Prior to joining NSDL, Chandok was at the Industrial Credit and Investment Corporation of India (ICICI), where he grew from a management trainee to an executive director at ICICI Bank, and later acquired the role of a managing director and CEO at ICICI Securities.
Chandok says: 鈥淚 am excited to join the ISSA board during a period of significant industry transformation, both in terms of market infrastructure and technology enablement.
鈥淚 look forward to sharing the experiences of the Indian market with the ISSA board and team to address some of the significant challenges that the industry is facing.鈥�
Vicky Kyproglou, ISSA board chair, adds: 鈥淭he importance of the Indian market continues to increase as they deliver on an ever-shortening settlement cycle and at-scale onboarding.
鈥淰ijay joining as NSDL鈥檚 representative is great news for ISSA. His knowledge and network within the market can help ISSA deliver our goals and grow the franchise. The ISSA Board looks forward to working with Vijay to shape the future of securities services.鈥�
Based in Mumbai, Chandok brings more than three decades of experience in banking, financial services, and the insurance sector to the board.
In this position, he succeeds Padmaja Chunduru, the former managing director and chief executive officer of NSDL.
Prior to joining NSDL, Chandok was at the Industrial Credit and Investment Corporation of India (ICICI), where he grew from a management trainee to an executive director at ICICI Bank, and later acquired the role of a managing director and CEO at ICICI Securities.
Chandok says: 鈥淚 am excited to join the ISSA board during a period of significant industry transformation, both in terms of market infrastructure and technology enablement.
鈥淚 look forward to sharing the experiences of the Indian market with the ISSA board and team to address some of the significant challenges that the industry is facing.鈥�
Vicky Kyproglou, ISSA board chair, adds: 鈥淭he importance of the Indian market continues to increase as they deliver on an ever-shortening settlement cycle and at-scale onboarding.
鈥淰ijay joining as NSDL鈥檚 representative is great news for ISSA. His knowledge and network within the market can help ISSA deliver our goals and grow the franchise. The ISSA Board looks forward to working with Vijay to shape the future of securities services.鈥�
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