Madhabi Puri Buch appointed Sebi chairperson for a term of three years

Puri Buch, 56, will be the first woman, and the first person from the private sector, to head the securities market watchdog

Madhabi Puri Buch has been appointed chairperson of the Securities and Exchange Board of India (Sebi), the regulator in charge of overseeing India’s $3.3-trillion stock market ecosystem. She replaces Ajay Tyagi, whose tenure as Sebi chairman ended on Monday.

The Appointments Committee of the Cabinet, headed by the Prime Minister, approved her appointment for an initial period of three years, the government said in a notification on Monday. She is likely to take charge on Wednesday (March 2), as Tuesday is a market holiday.

Puri Buch, 56, will be the first woman, and the first person from the private sector, to head