Madhabi Puri Buch appointed as first women chairperson of SEBI

Madhabi Puri Buch has been named the chairperson of Securities and Exchange Board of India (SEBI),finance ministry sources confirmed to CNBC-TV18

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Madhabi Puri is the first woman to head the capital market regulator as the tenure of incumbent Ajay Tyagi ends on February 28.

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Madhabi Puri Buch, a former SEBI Whole Time Member, was previously nominated to lead a new technology committee set up by the market regulator

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Buch was not only the first woman as WTM of SEBI, but also the first person from the private sector as well

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She started her career with ICICI Bank, went on to become MD and CEO at ICICI Securities from Feb 2009 to May 2011.

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The stock market was awaiting clarity on whether SEBI would get a new chairman or the current one, Ajay Tyagi, would get another extension

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Based upon interactions, the FSRASC recommends the name to the appointments committee of cabinet headed by prime minister Narendra Modi.

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