The Central Government has extended the tenure of appointment of Madhabi Puri Buch as Whole-Time Member of the Securities and Exchange Board of India (SEBI) for a further period of one year beyond 04.10.2020 upto 04.10.2021 or until further orders, whichever is earlier. The ongoing pandemic crises have been compelling SEBI to retain and recruit senior level executives as and when required to beef up its headcount for faster and more effective execution of its job.
Buch, a management graduate from Indian Institute of Management (IIM), Ahmedabad in a career spanning over 20 years has served at various roles in private banks. She started her career with ICICI Bank and went on to become the Managing Director and Chief Executive Officer at ICICI Securities Ltd from February 2009 to May 2011. In 2011, she left for Singapore where she joined Greater Pacific Capital LLP. Buch is also Founder-Director of Agora Advisory Pvt Ltd.
She is also the first woman and a person from the private sector who has been chosen for a key post with the market regulator. Till then, members and Chairman at SEBI were mainly appointed from the public sector, the Reserve Bank of India (RBI) and Indian Administrative Services (IAS).Subscribe Taxscan AdFree to view the Judgment