Thursday, 2 March 2017

Ajay Tyagi takes charge as Sebi Chairman

Senior IAS officer Ajay Tyagi has assumed office as the chairman of markets regulator Sebi. He is the ninth chairman of the Securities and Exchange Board of India (Sebi) and has taken over from U K Sinha, who completed his six-year tenure. The appointment of 58-year-old Tyagi, who is known to keep a low profile, is for a period of three years. He visited the famous Shree Siddhivinayak Ganapati temple here before taking charge. 

Prior to this appointment, Tyagi was Additional Secretary in the Department of Economic Affairs. In that role, he was handling capital market, investment, infrastructure as well as currency and coinage divisions. He was Joint Secretary in the Ministry of Environment, Forest and Climate Change before joining the Finance Ministry in November 2014 as Additional Secretary. He has also worked in ministries of Petroleum and Natural Gas, Steel and Rural Development.

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