Tuhin Kanta Pandey assumes charge as 11th chairman of Sebi

IAS officer Tuhin Kanta Pandey, who served as Finance and Revenue Secretary in his previous role on Saturday, assumed charge as the 11th chairman of capital markets regulator Securities and Exchange Board of India(Sebi). He replaces Madhabi Puri Buch, whose three-year tenure ended on Friday.

Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday. Dressed in a dark blue blazer and a striped shirt, Pandey arrived at the Sebi headquarters in the Bandra Kurla Complex business district on Saturday afternoon. All four Sebi whole-time members, Ashwani Bhatia, Amarjeet Singh, Ananth Narayan and Kamlesh Varshney, welcomed Pandey at the Sebi headquarters.

Soon after taking charge, he spoke to the media persons and highlighted four objectives of the Sebi under his Chairmanship. He said, "We work for trust, we work for transparency, we work for teamwork and we work for technology. We will continue to create one of the best market institutions in the world."

He added, "Sebi is a very robust market institution. It has been built over the years with successive leadership and will continue with it." "We (Sebi) hold the trust of the people of India. We hold the trust of the Parliament of India. We hold the trust of the government, we hold the trust of the investors, and we hold the trust of the industry. Trust is very important and we'll all look forward," Pandey said.