SEBI - industry representation in SEBI
Sandeep Parekh -
Thursday, July 02, 2009 11:30 AM
In a welcome change, SEBI has appointed someone from the market as an executive director. See SEBI Press Release here:
"Shri K.N. Vaidyanathan takes charge
as Executive Director, SEBI
Shri Kavasseri
Narayanan Vaidyanathan took charge as Executive Director, Securities and Exchange
Board of India in Mumbai today. Prior to this assignment, he was Chief Executive
Officer (CEO) in Alchemy Capital Management Pvt. Ltd.
An MBA from Indian Institute of Management, Ahmedabad, Shri
Vaidyanathan has held senior positions in MphasiS, Morgan Stanley Asset Management and HSBC.
Shri Vaidyanathan has also been a member of various committees including
SEBI Committee on Guidelines for Investing Abroad, SEBI Committee on Depository
Implementation, among others. He is also a Member of Finance Board at IIM, Ahmedabad.
e iHe
Mumbai
July
01, 2009"
To the best of my knowledge this is only the second time in its history of two decades that it has taken someone from the private sector laterally as a senior officer. I was the first person in 2006. The only person at the Board level (at an executive position) who came from the non public sector (IIMs are legally private but factually public sector) was Prof. J. R. Varma. Curiously, all three of us share an IIM, Ahmedabad connection.