RBI's G Mahalingam appointed Whole-Time Member at Sebi

RBI's Executive Director Gurumoorthy Mahalingam was today appointed Whole-Time Member of market regulator Sebi.
He has been appointed to the post for five years, or till the age of 65 years whichever is earliest. He will get a consolidated salary of Rs 3.75 lakh, an order issued by Department of Personnel and Training said.
Besides Chairman, the Securities and Exchange Board of India (Sebi) can have three WTMs, but one post has been vacant since retirement of Prashant Saran in June.
The existing WTMs are Rajeev Kumar Agarwal and S Raman.
While Chairman U K Sinha will retire next year, the term of one existing WTM will end this year itself, search process for whose replacement has already been initiated.

Mahalingam is Executive Director and former regional director of Reserve Bank of India. He has also been associated with NISM (National Institute of Securities Markets), an educational initiative of Sebi, as part of its visiting faculty.

He has been associated with RBI for last 30 years in various roles as Inspecting Officer, Chief Forex Dealer, Chief Investment Dealer, Head of Internal Debt Management Department.
In his current role at the central bank, Mahalingam is involved in monitoring and surveillance of money, forex, government securities and derivative markets intervention operations, besides conduct of liquidity operations, forex intervention operations and open market operations.

He is MSc in Statistics and Operations Research from IIT, Kanpur and an MBA in International Banking and Finance from Birmigham Business School, UK.