February 18, 2022 | Investopaper
The government has appointed Ramesh Kumar Hamal as the chairman of the Securities Board of Nepal (SEBON). A cabinet meeting held on Thursday appointed Hamal as the chairman after four months of vacancy.
A former non-resident Nepali, he has served as the former president of NRNA Thailand. Previously, Hamal has served as the Chief Operating Officer of the British Investment Consultancy and Real Estate Development Group Bank. He also worked in Nepal Electricity Authority.
A graduate in engineering from Jamshedpur, India in 1989, Hamal received his MBA from the Asian Institute of Management (AIT) in Bangkok in 1999.
The selection committee formed by the Ministry of Finance had recommended the names of three persons for the appointment of the board chairman- Gopal Prasad Bhatt, Ramesh Kumar Hamal and Krishna Raj Pokharel. Among the three, Hamal was selected as the chairman of SEBON.
The then chairman Bhishmaraj Dhungana was dismissed by the government after he got involved in purchase of shares of the Sarbottam Cement that started the process of issuing primary shares through the book building process.