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File photo of Ajay Tyagi with U K Sinha at seminar on “Challenges in Developing the Bond Market in BRICS” organises by CII in Mumbai September 27, 2016 (Photo: PIB)
Last Updated : Feb 11 2017 | 1:00 AM IST
The government on Friday appointed Ajay Tyagi as the ninth chairman of the Securities and Exchange Board of India (Sebi). Tyagi, who is currently the additional secretary, Department of Economic Affairs in the finance ministry, has been appointed for a period of five years. He will replace U K Sinha, who will step down on February 18.
Tyagi, 59, is an Indian Administrative Officer (IAS) from the 1984 batch, Himachal Pradesh cadre. His only experience with capital markets has been as additional secretary in the North Block, a post he has held since October 2014.
“The Appointments Committee
