New Delhi: Former LIC chief SB Mathur is likely to succeed Vijay Kelkar as the chairman of National Stock Exchange (NSE).
Mathur's appointment is awaiting market regulator Sebi's approval, sources said.
Kelkar, who headed the Thirteenth Finance Commission, had stepped down as Chairman of NSE last week. He would, however, continue his association with NSE as Chairman of the Advisory Board.
He took the over charge of the NSE in February, 2010.
According to sources, Kelkar had stepped down from the position to adhere the Sebi' regulatory norms which says that the position of a director on the board of an exchange should not be in conflict with his/her role in any entity in the financial sector.
Currently, Kelkar is on the board several corporates including a Mumbai-based financial services firm J M Financial as independent director.