Tuhin Kanta Pandey, an IAS officer from the 1987 batch of the Odisha cadre, has been appointed the brand new Chairman of the Securities and Trade Board of India, succeeding Madhabi Puri Buch. Previous to this, he served as India’s Finance Secretary from September 2024, a task he assumed following the promotion of TV Somanathan to Cupboard Secretary. He was additionally holding an extra cost of income.
Pandey’s distinguished profession consists of key management positions equivalent to heading the Division of Funding and Public Asset Administration (DIPAM), the place he oversaw crucial reforms, together with the privatisation of Air India and the general public itemizing of Life Insurance coverage Company (LIC). He additionally held roles within the Ministry of Civil Aviation and the Division of Public Enterprises (DPE), contributing considerably to India’s monetary and governance methods.
Pandey holds a grasp’s in economics from Panjab College and an MBA from the UK. His huge expertise in public administration and monetary administration positions him properly to guide SEBI into a brand new period of regulation and governance.
In January, the federal government issued an invite for purposes for the place, with a deadline for submissions set for Feb. 17, 2025.
The present Chairperson of SEBI, Madhabi Puri Buch, will conclude her tenure on March 1, 2025. She assumed workplace on March 2, 2022, for a three-year time period, making historical past as the primary lady to guide SEBI. Ms. Buch succeeded Ajay Tyagi, who served as chairperson for a five-year time period from March 2017 to February 2022. Previous to Tyagi, UK Sinha held the place for six years, marking a interval of prolonged management tenures at SEBI.
