Sujit Prasad, the current head of SEBI’s Chennai office, will be the new executive director with the regulator in Mumbai. The post of executive director fell vacant after J Ranganayakulu, who headed SEBI’s legal department, retired on August 12. Anand Baiwar, an Indian Revenue Services Officer, is yet another officer selected as ED.
With Ranganayakulu retiring, SEBI had five EDs, including Anant Barua, SK Mohanty, PK Nagpal, S Ravindran and SV Muralidhar Rao. SEBI will soon see appointment of yet another whole-time member.