The government of India has announced the vacancy for the post of the Securities and Exchange Board of India (SEBI) Chairperson. It is looking for a new SEBI chief as its current incumbent Madhabi Puri Buch’s tenure is concluding on February 28, 2025. The government has invited applications for it and the deadline for submitting applications is February 17, 2025.
The SEBI chairperson is typically appointed for three years, although extensions have been granted in the past. The selection is done on the basis of candidates’ expertise in finance, markets, and regulation.
Buch, the first woman to lead the regulatory body, assumed the role of SEBI chairperson on March 2, 2022, with a three-year term.
Buch’s tenure has been marked by controversies with even a parliamentary committee questioning her leadership over the NSE co-location scam. But the most damaging allegations came from the US-based Hindenburg Research, though now non-existent.
But the fact remains that despite these issues, the government decided she would complete her term.
She joined SEBI as a whole-time member in April 2017. Her five-year tenure as a whole-time SEBI member paved the way for her appointment as chairperson. Before joining SEBI she held leadership roles at ICICI Bank and served as the CEO of ICICI Securities.
