The appointment was made on Thursday, after four months of the post remaining vacant
KATHMANDU, Feb 17: The Security Board of Nepal (Sebon) got Ramesh Kumar Hamal as its chairman on Thursday, after over four months of the position remaining vacant.
The Cabinet meeting on Thursday decided to appoint Hamal to lead the regulatory body of the country’s stock exchange market. An MBA graduate from the Asian Institute of Management, Thailand, Hamal holds experience in investment management.
Earlier, a three-member selection committee led by National Planning Commission Vice-chairperson Biswo Nath Poudel had recommended Hamal among three shortlisted candidates. Krishna Raj Pokharel and Gopal Bhatta were among the contenders for the post of Sebon chairman.
The post remained vacant since October 2021, after Bhishma Raj Dhungana was sacked over controversy surrounding the share purchase of Sarbottam Cement. Dhungana was found involved in insider trading of shares of various companies despite his regulatory role.