Former SBI MD Ashwani Bhatia joins SEBI as a whole-time member

1 Jun 2022

Ashwani Bhatia, who was a Managing Director in State Bank of India till last month, has joined the Securities and Exchange Board of India as a whole-time member.

In a statement, SEBI said that Bhatia took charge of his position today.

A whole-time member at SEBI occupies a seat on the market regulator’s board, which currently has Madhabi Puri Buch as the chairperson, three whole-time members including Bhatia, and four part-time members.

At SEBI, Bhatia will be required to handle all regulatory matters pertaining to foreign portfolio investors, market intermediaries, debt and hybrid securities, alternative investment funds, corporation finance and investor assistance and education.

Apart from Bhatia, S K Mohanty and Ananta Barua are the current whole-time members of SEBI.

The position of a whole-time member had fallen vacant after G Mahalingam’s 5-year tenure got over in November.

Mohanty became a whole-time member in June 2018 and Barua took over his position in August 2018.