Ajay Tyagi to Succeed UK Sinha as SEBI Chairman
According to a government notification on February 10, 2017, senior IAS officer Ajay Tyagi has been selected to take over as the next Chairman of Securities and Exchange Board of India(SEBI). He will replace incumbent Chief UK Sinha who retires on March 1, 2017.
Tyagi, a 1984-batch IAS officer of the Himachal Pradesh cadre is currently serving as an additional secretary (investments) in the Department of Economic Affairs in the Ministry of Finance. Tyagi will be the 9th SEBI chairman.
The 58-year-old Tyagi served as a Joint Secretary in Ministry of Environment, Forest and Climate Change before joining Finance Ministry on November 1, 2014 as Additional Secretary.
Tyagi has also worked in ministries of Petroleum and Natural Gas, Steel and Rural Development. He has held various posts in Himachal Pradesh government including in power, revenue, finance and information technology.
Tyagi, for a short while, was also on the board of Reserve Bank of India (RBI).