Tuhin Kanta Pandey officially took over as the 11th chairman of the Securities and Exchange Board of India (SEBI) on Saturday, succeeding Madhabi Puri Buch, whose term had come to an end the previous day. Buch, who was reportedly unwell, was absent during Pandey’s arrival at the SEBI headquarters in the Bandra Kurla Complex business district.
Upon his arrival, Pandey was warmly welcomed by all four SEBI whole-time members – Ashwani Bhatia, Ananth Narayan, Amarjeet Singh, and Kamlesh Varshney. In his interactions with the media, Pandey emphasized the importance of trust, transparency, teamwork, and technology as the foundational pillars of SEBI under his leadership.
Acknowledging the institution’s strong legacy, Pandey expressed his commitment to further contribute to its growth and success. A seasoned bureaucrat who previously served as the Finance Secretary, Pandey was appointed as SEBI chairman for a term of three years by the government on Thursday.
Despite Buch’s absence, the transition of power was smooth, and Pandey’s vision for SEBI’s future direction was well-received by the organization’s leadership and stakeholders. The new chairman’s focus on upholding trust and leveraging technology for market regulation signals a promising start to his tenure at the helm of India’s leading capital markets regulator.
