The government on Friday appointed Ajay Tyagi, additional secretary in the finance ministry, as the new chairman of Securities and Exchange Board of India (Sebi). He will take over from U K Sinha on March 1.
He is currently handling matters related to the capital markets.
“He is a strong and silent worker who comes to the office early and works till late. He does not gossip or attends parties,” said a senior finance ministry officer.
The appointment was made on the eve of finance minister Arun Jaitley’s post-budget meeting with the Sebi board on Saturday