Mumbai: The government on 7 October notified appointment of the Reserve Bank of India’s (RBI) G. Mahalingam as Securities and Exchange Board of India (Sebi’s) new whole-time member.
Besides chairman, Sebi has three members out of which one has been vacant since retirement of Prashant Saran in June.
The existing members Rajeev Kumar Agarwal and S. Raman are currently handling the portfolios which were assigned to Saran.
Mahalingam is likely to be assigned investment management division, which includes corporate bonds, mutual funds and foreign investors.
Mahalingam is executive director of Reserve Bank of India. In his current role at the central bank, Mahalingam is involved in monitoring and surveillance of money, forex, government securities and derivative markets.
He is MSc in Statistics and Operations Research from IIT, Kanpur and an MBA in International Banking and Finance from Birmigham Business School, UK.