New Delhi: Union Finance Secretary Tuhin Kanta Pandey appointed as the new Chairman of the Securities and Exchange Board of India (SEBI) on Thursday. The appointments committee of the Cabinet approved the appointment of Finance Secretary Tuhin Kanta Pandey as the new Chairman of the SEBI.

Pandey will assume office for an initial tenure of three years. He was appointed as the successor of current SEBI Chairperson, Madhabi Puri Buch. His tenure ends on March 1^st. She assumed office on March 2, 2022, for a three-year term, becoming the first woman to lead the markets regulator.

The Government in an order said that appointments Committee of the Cabinet has approved the appointment of Tuhin Kanta Pandey, IAS (OR:1987), Finance Secretary and Secretary, Department of Revenue to the post of Chairman, SEBI, initially for a period of three years from the date of assumption of charge of the post or until further orders, whichever is earlier.

SEBI chief shall have the option to receive pay as admissible to a Secretary to the Government of India or a consolidated salary of
Rs 5,62,500 per month without house and car.