Ashwani Bhatia, a former banker, took over as a Full-Time Member (WTM) of the Securities and Exchange Board of India (Sebi).
Bhatia, who was previously a managing director at State Bank of India, will be responsible for departments including Alternative Investment Fund and Foreign Portfolio Investors, Corporate Finance and Research, among others, according to a statement released on Wednesday.
He will also be responsible for the Market Intermediary Regulation and Control Service, which regulates stockbrokers.
Bhatia will be Sebi's third full-time board member, alongside SK Mohanty and Ananta Barua. The positions of two full-time members remained vacant after the terms of G Mahalingam and Madhabi Puri Buch ended last year.
Buch was appointed chairman of Sebi
last month.Also Read: What is Commodity Investing - How, Why is it important!