नेपाली
Finance Ministry gives candidates just 15 days to apply, as government moves to fill the CEO seat through open competition
KATHMANDU, Nepal’s government has kicked off the search for a new chief executive to lead the country’s stock exchange, opening a narrow 15-day application window for a job that comes with strict eligibility rules and high stakes for the nation’s capital markets.
The Ministry of Finance published the notice on July 27, announcing that the top job at the Nepal Stock Exchange Limited, widely known as NEPSE, will be filled through open competition. Candidates have until August 10 to get their applications in.
It’s not an easy bar to clear. The ministry says applicants need at least a master’s degree in fields ranging from economics and commerce to finance, law or information technology or a Chartered Accountancy qualification. On top of that, candidates must show 15 years of overall work experience, including at least seven years in a managerial role tied to capital markets or the financial sector.
The rules don’t stop there. Under the ministry’s standard eligibility framework for public-body leadership posts, candidates must be between 30 and 65 years old. Anyone with a corruption conviction, or a record involving money laundering, human trafficking, drug trafficking, wildlife or antiquities crimes, is automatically out of the running as is anyone blacklisted within the past three years, holding permanent residency abroad, or currently tied to a contract with a public agency.
Applicants won’t just be submitting a resume. The notice calls for a sealed, confidential “business action plan”, three copies, in a separately sealed envelope, laying out how the candidate would run the exchange. A signed self-declaration form and two passport-size photos are also required, along with proof of a 5,000-rupee application fee paid at a designated bank branch.
As for what the job pays: the ministry says salary, allowances and benefits for the position will be set by the government, details not disclosed in the notice itself.
The ministry was blunt about its discretion in the process, noting the selection committee can reject any application “with or without providing a reason,” and warning that submitting false information would trigger disqualification and possible legal consequences.
