Madhabi Puri Buch appointed Sebi head

The government has appointed Madhabi Puri Buch as the chairman of markets regulator Sebi with an initial term of three years. Buch, the first woman to be a whole-time member at Sebi, will now be the first woman to lead a financial regulatory body in India. Buch took charge on March 1, the day the term of Ajay Tyagi, the current chairman, ends. She is also the first person from the private sector to head a financial market regulatory body in India. Till October last year, Buch was a whole-time member at Sebi and demitted office a few months before completing her five-year term with the regulator. In December, she was appointed to head Sebi's Advisory Committee for Leveraging Regulatory and Technology Solutions, a panel that advises the regulator on using cutting-edge technology solutions for regulatory and supervisory actions.