Sebi reshuffles portfolios of 7 executive directors

The Securities and Exchange Board of India (Sebi) has reshuffled departments of executive directors. Only two executive directors retained their old portfolios in total of nine executive directors.

Sebi has given market regulation department to Amarjeet Singh, who was heading corporate finance department. Earlier executive director of MRD, Sujeet Prasad will now take care of investment management department and collective investment scheme.

Investment management department mainly take care of mutual fund regulations.

Similarly, S Ravindran will head corporate finance department, who was heading foreign portfolio Investors and custodians. Now this department will be handled by S.V. Murali Dhar Rao.

Ravindran will be there for seven months only as he is getting retire in May 2022. 

Nagendraa Parekh has got entire portfolio of investigation. Earlier, Parekh was handling only corporate finance investigation department and parekh will head investigation department also which was headed by Anand Baiwar. CFID department mainly take care of accounting fraud and corporate governance issue. Normal investigation department deals with insider trading cases also.

Anand R Baiwar will head Market Intermediaries Regulations and Survillence Department (MIRSD), which regulates Broking segment and rating agencies. However, he has vast experience of investigation

V Sundaresan and G Babita Rayudu retain their old portfolio. V Sundaresan is the executive director, who beefed up the entire survillence mechanism in the Sebi and passed several order on insider trading.

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G P Garg has got new department of office of investor assistance and education, information technology department, general services department and National Institute of Securities Market.