Three new EDs take charge at Sebi

Capital market regulator the Securities and Exchange Board of India (Sebi) today said that three new executive directors -- RK Padmanabhan, S Ramann and S Ravindran -- have assumed their office and consequently the departments have been reallocated among its total seven EDs.

Padmanabhan has been allocated Investigation Department, Vigilance Cell and Information Technology Department (ITD).

Similarly, Ramann has been placed in the charge of Market Regulation Department, Derivatives and New Products Department and Integrated Surveillance Department.

Ravindran would now oversee Investment Management, Foreign Institutional Investors and Collective Investment Scheme departments among others.

J Ranganayakulu, who got an extension in August as an ED at Sebi, will continue to head Legal Affairs Department and Enforcement Department.

The other EDs at Sebi include Usha Narayanan, PK Nagpal and Ananta Barua.

Among them, Narayanan would oversee Corporation Finance Deparment, while Nagpal would look after market intermediaries regulation and surveillance departments, FATF and KYC matters, and general services departments.

Barua has been assigned investor assistance and education department, some investment management wings, the department of economic and policy analysis along with the department for regional offices.