Madhabi Puri Buch has been appointed the next chairperson of market regulator SEBI, making her the first woman to hold the position. This is the first time a woman and a private sector employee has been appointed for a significant position with SEBI.
Buch will be the 10th chief of the market regulator, the first woman and the first executive from the private sector to do so. She takes over from Ajay Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, who became the chairman on March 1, 2017. There hasn’t been a woman in charge of any other regulatory organisation yet.
An alumna of IIM Ahmedabad, Buch, who has worked in the financial sector for the past three decades, began her career in 1989 with ICICI Bank. For the past 12 years, she has worked in a variety of roles, including corporate finance, branding and treasury, and loans. From February 2009 to May 2011, Buch worked at ICICI Securities as the managing director (MD) and chief executive officer (CEO). She also served on the board of ICICI Bank as an executive director. She is the founder-director of Agora Advisory Pvt Ltd and has played multiple non-executive director roles.
Last year, she was also appointed as a head of SEBI’s seven-member committee on technology – the Advisory Committee for Leveraging Regulatory and Technology Solutions.
All eyes will be on SEBI’s new chairperson as SEBI tries to control the post-covid financial environment.