Meet Tuhin Kanta Pandey, SEBI's New Chairman Who Will Replace Madhabi Puri Buch

The Union Government Thursday appointed Finance Secretary Tuhin Kanta Pandey as the new Chairman of Securities and Exchange Board of India (SEBI). Pandey, a 1987-batch Odisha cadre IAS officer will replace Madhabi Puri Buch whose three-year tenure will come to an end on February 28 (Friday).

Notably, Madabhi Buch’s predecessors, Ajay Tyagi and UK Sinha, had received tenure extensions, with Sinha serving six years, and Tyagi serving four years, as SEBI chief. However, Madhabi Buch’s tenure was marred by controversy following the damning allegations leveled in the Hindenburg report.

Earlier, the Union Finance Ministry had sought applications for the top post by February 17.

A 1987-batch IAS officer of the Odisha cadre, Tuhin Kanta Pandey, has Masters degree in Economics from Punjab University, Chandigarh and an MBA from the University of Birmingham (UK).