Ajay Tyagi Appointed As New Sebi Chief.

Ajay Tyagi Appointed As New Sebi Chief.

Ajay Tyagi, senior finance ministry official, on Friday appointed as the new chairperson of Securities and Exchange Board of India (Sebi).

Mr Tyagi is currently an additional secretary in the Department of Economic Affairs. 58-year-old Mr Tyagi, an IAS officer from Himachal Pradesh, was also on the board of Reserve Bank of India (RBI) for a short period. He will succeed UK Sinha as the new Sebi chief.


Mr Sinha, a 1976 batch IAS officer of Bihar cadre, took charge as Sebi chief on February 18, 2011, and was initially appointed for a 3-year term. Later, he was given a two-year extension.

The Appointments Committee of the Cabinet-headed by Prime Minister Narendra Modi has approved Mr Tyagi's appointment for a period not exceeding five years or till the age of 65 years.