Sources stated the Centre intends to fill both WTM positions before
The federal government has actually shortlisted 7 prospects to fill one of 2 uninhabited whole-time member (WTM) positions at the Securities and Exchange Board of India (SEBI), according to individuals acquainted with the matter.
Those in the race consist of previous SEBI Executive Directors VS Sundaresan and Anand Rajeshwar Baiwar; IRS officers Rajeshwar Yadav, Sandip Pradhan and Pransanjit Singh; IIM Bangalore teacher M Jayadev, and N Venkatram of La Caisse, a Canada-based pension fund.
Sources stated the Centre intends to fill both WTM positions before completion of the fiscal year. Interviews were performed previously this month, and the federal government finished its background confirmation procedure recently.
The list brings varied backgrounds: regulative experts, tax bureau and investigative officers, scholastic competence, and worldwide financial investment management experience. Sundaresan and Baiwar bring deep familiarity with SEBI’s operations and enforcement systems, while the IRS officers contribute robust investigative and compliance experience. Jayadev includes a scholastic viewpoint on monetary markets and governance, while Venkatram brings worldwide institutional financial investment experience.
WTM Vacancies
The exit of Ananth Narayan Gopalkrishnan, who finished his term previously this month, has actually led to 2 jobs in its four-member WTM group. The exit came at a time when SEBI is penetrating US-based trading company Jane Street, following an interim order checked in July by Narayan. The previous lender and scholastic had actually led numerous essential efforts throughout his three-year stint, from suppressing speculation in the equity derivatives market to tightening up governance standards for market intermediaries.
SEBI is headed by a chairman and 4 whole-time members, each accountable for managing crucial practical locations such as market monitoring, intermediaries, business governance, and enforcement. WTMs are designated by the Centre for approximately 5 years or till the age of 65, whichever is previously.
The visits are chosen by the Appointments Committee of the Cabinet, following suggestions from a search panel. Prospects go through extensive examination, consisting of interviews, background confirmation, and clearance of prospective disputes of interest.
Released on October 22, 2025
