India on Monday appointed Madhabi Puri Buch as the new chairperson of market regulator Securities and Exchange Board of India (SEBI). She is the first woman in the country’s history to head the market regulator.
Madhabi Puri Buch, the former head of ICICI Securities, also served in SEBI between 2017 and 2021 as a Whole Time Member, reports NDTV.
She will replace Ajay Tyagi as his term ends on February 28.
Madhabi Puri Buch has been appointed to the Securities and Exchange Board of India (Sebi) post for a period of three years, an order issued by the Personnel Ministry said.
She will get paid as admissible to an additional secretary to the Government of India or a consolidated salary of Rs 3.75 lakh per month, it said.
She is founder-director of Agora Advisory Pvt Ltd and is currently at the New Development Bank in Shanghai, China.
Madhabi Puri Buch holds an MBA from the Indian Institute of Management, Ahmedabad. She is a graduate in mathematics from St. Stephen's College, New Delhi. She worked for a year with an NGO before joining ICICI in its corporate finance department.
