Senior Finance Ministry official Ajay Tyagi has appointed as chairman of Securities and Exchange Board of India (SEBI). He will succeed U K Sinha, whose extended tenure ends on 01st March 2017.
Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, is at present Additional Secretary (Investment) in the Department of Economic Affairs and handles capital market, among others. The Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi has approved Tyagi’s appointment for a period not exceeding five years or till the age of 65 years.
Source- The Economic Times