Sebi new chairman Tuhin Kanta Pandey takes charge, says goal to make regulator best market institution
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Tuhin Kanta Pandey assumed charge as the 11th chairman of the Securities and Exchange Board of India (Sebi) on Saturday. The career bureaucrat who served as the Finance Secretary till now, replaced Madhabi Puri Buch, whose 3-year tenure ended on Friday. He has been appointed for a term of three years. Pandey told the media that Sebi is a strong market institution and is evolving continuously and his goal is to make it the best market institution. He further said that Sebi held the trust of Parliament, the government, industry, and investors based on four pillars viz. trust, transparency, teamwork and technology. His appointment was made by the government via notification from the Appointments Committee of the Cabinet (ACC) on Thursday, February 27. A 1987-batch IAS officer from the Odisha cadre, Pandey has held key positions in the government. He was appointed Finance Secretary in September 2024, succeeding TV Somanathan, who was promoted...