Tuhin Kanta Pandey took over because the eleventh chairperson of the Securities and Alternate Board of India (Sebi) on Saturday afternoon, marking a major transition on the helm of the market regulator.
Pandey’s appointment comes when the Indian capital markets face important challenges, with overseas institutional buyers (FII) withdrawing over ₹1 trillion because the starting of 2025.
Pandey, an Indian Administrative Service (IAS) officer from the Odisha cadre, was appointed Sebi chairperson on 27 February, succeeding Madhabi Puri Buch, whose tenure ended on 28 February.
Pandey’s appointment is ready for an preliminary interval of three years.
Talking to the press after assuming cost, Pandey expressed his confidence in Sebi’s strong basis, constructed over years of management. “Sebi is a really strong market establishment. It has been constructed through the years with successive management and can proceed with it. We maintain the belief of individuals, parliament, authorities, buyers, and trade. Belief is essential,” he mentioned.
Pandey outlined 4 key goals that may information his tenure. “I am going to must say Sebi has received 4 goals: belief, transparency, teamwork and expertise. I feel these 4 parts make it distinctive, and we now have created one and can proceed to create top-of-the-line market establishments on this planet for which we’ll all be proud.”
When requested concerning the management model of his predecessor, Buch, and his personal plans, Pandey kept away from commenting. “We aren’t going to touch upon something, on anybody, or any model. I mentioned we’re the staff right here, and this staff will work with different groups: media, staff, buyers, and trade. It’s a stakeholder establishment. We work collectively, and we construct it. We now have constructed such an excellent establishment, and we’ll proceed to make our personal contributions to its progress.”
Pandey’s fast job entails steering Sebi by market volatility led by the FII exodus. Pandey brings in depth expertise, having beforehand served because the finance secretary and secretary of the division of income. He has been instrumental in key authorities initiatives, together with the disinvestment of public sector enterprises and the privatization of Air India.
