The Securities and Exchange Board of India (SEBI) announced Madhabi Puri Buch as the new Chairman of the Board on Monday. The appointment is initially for three years, according to the statement. The current SEBI chairman, Ajay Tyagi, will leave office on February 28.
"The Cabinet Appointments Committee has approved the appointment of Madhabi Puri Buch, former Whole Time Member of the Securities and Exchange Board of India (SEBI), to the post of Chairman, Securities and Exchange Board of India (SEBI), initially for a period of three years from the date of assumption of charge of the post, or until further orders, whichever is earlier," the government stated in a notification.
In October, the Finance Ministry issued a call for applicants for the position of Chairman, with a December 6 deadline for submissions.
Madhabi Puri spent 12 years at ICICI Bank in various capacities. She was the Head of Marketing and Sales for five years, from 1997 to 2002, and the Head of Product Development from 2002 to 2003, according to her LinkedIn profile. From 2004 to 2006, she was the Head of Operations, and from 2006 to 2009, she was the Executive Director. From 1997 to 2009, she was also the Director of Brand Marketing.
In 2009, she was chosen CEO of ICICI Securities, a position she held until 2011.
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