Madhavi Puri Buch became the first woman chairperson of SEBI, to replace Ajay Tyagi

Madhavi Puri Buch became the first woman chairperson of SEBI, to replace Ajay Tyagi

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new Delhi. The Central Government on Monday appointed Madhabi Puri Buch, a former member of the market regulator Securities and Exchange Board of India (SEBI), as the chairperson of SEBI. She will be the first woman to head the market regulator SEBI. He replaces Ajay Tyagi, whose tenure of 5 years has come to an end.

According to sources, the Appointments Committee of the Cabinet has approved the appointment of Madhavi Puri Buch for an initial period of three years. A formal order in this regard will be issued soon.

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Butch has also worked as a Whole Time Member of SEBI
Butch has also worked as a Whole Time Member of SEBI. Prior to this, she was an advisor to the New Development Bank based in Shanghai, China. He has also served as the head of the Singapore office of private equity firm Greater Pacific Capital.

Long tenure in ICICI Group
Butch had a long stint in the ICICI Group and has also served as MD and CEO of ICICI Securities Limited and as an Executive Director on the Board of ICICI Bank. A graduate of St. Stephen’s College, Buch has done his MBA from the Indian Institute of Management (IIM) Ahmedabad.

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Let us also inform that the Ministry of Finance had invited applications for the post of Chairman of SEBI in the month of October itself and the last date for submission of this application was December 6. On 22 February, Finance Minister Nirmala Sitharaman had said that the short listing for this post is yet to be done.

Tags: SEBI

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