With more and more Indian women spearheading national and international organizations, adding to the list is Madhabi Puri Buch, who will now head the Securities and Exchange Board of India (SEBI). She will succeed Ajay Tyagi, whose term as Chairperson ends on 1st March 2022.
What makes it special, is that she is the tenth head of the Board, and the first woman chairperson in SEBI’s history. Having served as a whole-time member at the Board since 2017 to October 2021, she has handled market regulation, economy and policy analysis, integrated surveillance, investor assistance and education and many other portfolios. She was then appointed to the Board’s Advisory Committee for Leveraging Regulatory and Technology Solutions in December 2021.
Before SEBI, Madhabi has worked at ICICI Securities Ltd, ICICI Bank ltd and has also served as a consultant to the New Development Bank in Shanghai. She has also served as non-executive director at Zensar Technologies, Idea Cellular Ltd, InnoVen Capital India Pvt Ltd, Max Healthcare and Gabelhorn Investments.
The banking veteran, according to her peers is progressive and instrumental in ensuring a consultative approach. An MBA graduate from IIM, Ahmedabad, Madhabi, is all set to take the role of the new Chairperson for a period of three years, from March 1, 2022.
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Madhabi Puri Buch’s appointment has come at a time, when SEBI’s role is under scrutiny due to the co-location scam at NSE and the supposed involvement of NSE MD & CEO Chitra Ramkrishna. She will also have to handle volatile stock market situation owing to the Russian invasion of Ukraine.
Here’s wishing Madhabi Puri Buch, all the very best for her term as the chairperson at the capital markets regulatory authority.
