Sujit Prasad has taken over the charge of executive director of Securities and Exchange Board of India (SEBI) and will handle market regulation department, it said on Thursday.
Previously, Prasad was the chief general manager and acting as executive assistant to the chairman.
SEBI has issued a release which stated that Prasad has taken over as an executive director and will handle the market regulation department.
“He will also continue as executive assistant to chairman till further orders,” the board said.
Apart from this, the newly elected executive director has been the co-chair of IOSCO (International Organisation of Securities Commissions) task force on over the counter derivative reforms and a member secretary of RBI/SEBI technical committee on currency and interest rate derivatives.
Earlier, the SEBI had promoted two senior employees, Amarjeet Singh and Nagendraa Parakh, as executive directors (EDs).
Other EDs are P K Nagpal, S Ravindran, S V Murali Dhar Rao, S K Mohanty and Ananta Barua, as per the regulator’s website.
(With PTI inputs)