Former FMC director appointed as Sebi ED

The Former Director of the Forward Markets Commission (FMC), SK Mahanty from the 29th September started serving as the Executive Director (ED), at Securities and Exchange Board of India (Sebi).

As ED he has been posted in the Commodity Derivatives Market Regulation Department. The department was created post the Sebi-FMC merger and is being headed by the Whole Time Member, Rajeev Kumar Agarwal.

Mahanty is from the Indian Revenue Services and served in various departments of Income Tax.