The government appointed UTI AMC Chief U K Sinha as the chairman of the Securities and Exchange Board of India (Sebi) on Thursday. A 1976 batch IAS officer of the Bihar cadre, Sinha replaces C B Bhave, who retires on February 17.
Sinha had been appointed as the Sebi chief for a period of three years from February 18, 2011, said a notification issued by the government on Thursday. He will be the eighth chief of Sebi. “...(Sinha) has been appointed as the chairman, Sebi, initially for a period of three years, with effect from the date he assumes charge of the post on or after February 18, 2011, or till he attains the age of 65 years, or until further orders, whichever is earlier,” it said.
Currently, Sinha is the chairman and managing director at UTI AMC. He also heads the mutual fund industry body, Association of Mutual Funds in India.
