Mumbai, May 13 : Former finance secretary Ashok Chawla has been appointed the new chairman of the National Stock Exchange (NSE), it was announced on Friday.

Market regulator Securities and Exchange Board of India (Sebi) approved the name of Chawla, who was heading the Competition Commission of India (CCI), the NSE said, adding his appointment was effective from May 3 and till March 27, 2019.

The NSE's board of directors had elected the 1973 batch Gujarat cadre IAS officer as its chairman.

Chawla who has over 40 years of experience in various sectors of the economy in India as well as in international agencies, did his masters in economics from the Delhi School of Economics in 1972.