Sebi on hiring mode; invites application for 90 posts

In order to refurbish operations, market regulator Sebi has embarked on a recruitment drive inviting applications for 90 senior level executives.

The Securities and Exchange Board of India (Sebi) proposes to recruit legal experts, researchers and other officials for general administration.

The public announcement to recruit 90 personnel comes at a time when the search is on for a new Sebi Chairman. The present chief C B Bhave is due to retire in February 2011.

The market regulator has invited 60 application for the post of Assistant Manager for general stream and 8 applications for research stream. For applying to both the vacancies the incumbent needs to have a Masters Degree in Economics/Commerce/MBA.

Also Sebi has 6 vacancies for officers in legal stream, for which the incumbent should have a bachelor's degree in Law.

Sebi regulates all the listed companies in the country. The government has constituted a high level search panel, headed by Cabinet Secretary K M Chandrasekhar, for selecting the next Sebi chairman. Finance Secretary Ashok Chawla is also part of the panel.