Interviews for Sebi ED post this week

10 candidates in the reckoning

Market regulator Securities and Exchange Board of India (Sebi) may get a new executive director (ED) this week, to fill the position left vacant by S Raman, who exited in July.

Sources have said 10 candidates have been lined up for final interviews, which will be held on September 3.  

Sebi’s two chief general managers (CGM) namely Gyan Bhushan and PK Bindlish are said to be in the reckoning for the position.

At present, Bhushan handles the ‘investor assistance and education’ and ‘facilities management division’, while Bindlish is in the ‘market regulation’ and self-regulatory organisations (SRO) department.

S Raman, whose term ended in July, was in charge of integrated surveillance, secondary market policy and derivatives and new products.

An Indian Audit and Accounts Service officer, Raman had joined Sebi in 2007 and elevated to the post of ED in August 2011.

Sebi in July had invited applications to fill the vacancy made by Raman.

Currently, S Ravindran, RK Padmanabhan, SV Murali Dhar Rao, PK Nagpal, J Ranganayakulu and Ananta Barua are the six EDs with Sebi.