Ms. Buch has served as Whole Time Member, SEBI till October 04,2021. She has handled Market Regulation Department, Market Intermediaries Regulation & Supervision Department, Integrated Surveillance Department, Investment Management Department, Department of Economic & Policy Analysis, Office of Investor Assistance & Education, National Institute of Securities Markets and Information Technology Department.

Ms. Buch has also served as  a Consultant to the New Development Bank in Shanghai.  Ms. Buch also served as the Head of the Singapore office of the Private Equity Firm, Greater Pacific Capital. She also served as the Managing Director and Chief Executive Officer at ICICI Securities Limited and as Executive Director, on the Board of ICICI Bank.  Ms. Buch also served as a non-executive director on the Boards of various companies.

Dr. Nair assumed charge as Director, NISM on 20th September 2021.

Dr. Nair was a Member of the Securities Appellate Tribunal (SAT) during 2016-21. Before joining the SAT, he was an officer of the Indian Economic Service for about 31 years and held various positions in the Government of India. These positions include Director [Commodity Derivatives Market], Director [Development Policy], Director [Capital Markets], Adviser [Capital Markets], Secretary [FSLRC] etc. In the Ministries of Food and Consumer Affairs, Planning Commission and Finance Ministry respectively.

He was involved in substantive policy-law-institutional reforms in the financial sector in various capacities. These include report of the Financial Sector Legislative Reforms Commission (FSLRC), Bankruptcy Law Reforms leading to the enactment of the “Insolvency and Bankruptcy Code, 2016”, reforming commodity derivatives market regulation culminating in the merger of the Forward Markets Commission with the Securities and Exchange Board of India and a modern monetary policy framework with a Monetary Policy Committee, culminating in necessary amendments to the Reserve Bank of India Act, 1934; to mention a few of such reforms.

Dr. Nair has a Ph.D. in Economics (Market Regulation) from the Jawaharlal Nehru University (JNU), New Delhi. He has a Masters in Development Economics from the University of East Anglia, UK and Masters and Bachelor’s degrees in Economics from the Kerala University.

He has been a member of several Committees/Working Groups/Task Forces dealing with various issues in the financial sector. He has also been writing articles on topical financial sector issues.
Dr. Nair started his career in 1983 as a lecturer of Economics.

Research & Publications

Shri Ashwani Bhatia took charge as Whole Time Member, Securities and Exchange Board of India, in Mumbai on June 01, 2022. Prior to this assignment, Shri Bhatia held the position of Managing Director, State Bank of India.

Shri Bhatia handles the Department of Debt and Hybrid Securities (DDHS), Corporation Finance Investigation Department (CFID), Office of Investor Assistance & Education (OIAE), Office of International Affairs (OIA), Enforcement Department (EFD), Corporation finance Department (CFD), Human Resource Department (HRD), General Services Department (GSD) Regional Offices/Local offices (ROs/LOs), PACL Committee, Investment Management Department (IMD) and Legal Affairs Department (LAD).

Shri Bhatia comes with the experience of over three and a half decades in the State Bank Group where he joined as a Probationary Officer in 1985. Before becoming Managing Director in State Bank of India, Shri Bhatia served as MD & CEO, SBI Funds Management Pvt. Limited.

He has wide experience in Treasury Operations, Retail Banking, Credit, Investment Banking and Asset Management.

Shri Bhatia completed his schooling from Air Force School, Subroto Park, Delhi and did his Graduation in Physics and Mathematics from Dayalbagh University, Agra. He is an MBA from Podar Institute of Management, Jaipur.

Shri Ananth Narayan G took charge as Whole Time Member, Securities and Exchange Board of India on October 10, 2022. Shri Narayan handles Market Intermediaries Regulation and Supervision Department(MIRSD), Alternative Investment Fund and Foreign Portfolio Investors Department(AFD), Integrated Surveillance Department(ISD), Department of Economic & Policy Analysis(DEPA) and Information Technology Department(ITD).

Shri Narayan has more than two and half decades of experience in banking and financial markets and has held various senior positions. Prior to this assignment, Shri Narayan also held the position of Associate Professor, S.P. Jain Institute of Management & Research, Mumbai.

Shri Narayan has also served as a Director on the Boards of various banks and corporates. He has also been a member of various advisory committees constituted by SEBI and RBI.

Shri Narayan holds a Post-Graduate Diploma in Management from Indian Institute of Management, Lucknow and was awarded the Director’s Gold Medal for standing 2nd in the batch. He did his Graduation in Bachelor of Technology (Electrical Engineering) from Indian Institute of Technology, Bombay.

Mr. Garg has handled several important assignments in SEBI since joining in January 1994. He has been closely associated with SEBI and Government of India’s initiatives on Financial Literacy and Investor Education in the country. He was instrumental in launching of SEBI Complaints Redress System (SCORES), Securities Market Trainers (SMARTs) program for Investor Education, Toll Free Helpline and Financial Education through Resource Persons.

Mr. Garg has headed departments like Treasury and Accounts, General Services, Office of Investor Assistance and Education and office of Central Public Information Officer.  Mr. Garg was Registrar, National Institute of Securities Markets (NISM) from July 2012 to September 2018.  He played crucial role in establishment of NISM and setting up its new campus at Patalganga.  Mr. Garg’s current portfolio includes Office of Investor Assistance and Education, Information Technology Department, General Services Department.

Mr. Garg is SEBI nominee on the Board of Investor Education and Protection Fund Authority (IEPFA) set up by MCA, GOI and Technical Group on Financial Inclusion and Financial Literacy under FSDC.

Mr. Garg is Chair of the Board of National Centre for Financial Education (NCFE), a joint initiative of Financial Sector Regulators comprising of RBI, SEBI, IRDAI and PFRDA.

Mr. Garg holds degree in Engineering, Law and Management.

Shri Ajit Balakrishnan is a 6th batch alumnus of IIM Calcutta. He is a successful entrepreneur, an able business executive, and an admirable administrator. He had started his entrepreneurial venture with Rediffusion, an advertising firm now known as Rediffusion DY&R, which he co-founded when he was only 22. He later also co-founded PSI Data Systems in mid 80’s with two other partners hailing from Stanford.

Rediff.com, founded in 1995, was listed on NASDAQ in 2001. He led Rediff.com India Limited (Nasdaq: REDF) to win the prestigious 2016 CIO Choice Award for the best Enterprise Email Solution for three consecutive years. He also received the laudable award of Elite Strategic Business Communicator given by Association of Business Communicators of India in the year 2011. He was also named as the Chairman Emeritus of the Internet and Mobile Association of India (IAMAI). He has served as the Chairman of the Ministry of Information Technology, Govt. of India and also chaired a Committee appointed by India’s Ministry of Human Resource Development on ‘Research and Faculty Enhancement at the seven IIMs’.

Mr. Balakrishnan also served as the Chairman of the Board of Governors of Indian Institute of Management Calcutta for two successive terms spanning over ten years.

Mr. A. Balasubramanian is the Managing Director and Chief Executive Officer for Aditya Birla Sun Life AMC Limited and has been with the organization since 1994.

He has over 26 years of experience in the Mutual Fund industry as Portfolio Manager both in Fixed Income and Equity. Prior to assuming the role of the CEO in 2009, Mr. Bala served as Chief Investment Officer.

Mr. Balasubramanian is closely associated with key Industry bodies. He is also on the Committee of Corporate Bond Market Development of SEBI. He also plays an active role in AMFI as a Board of Director. He has also held the position of Chairman of AMFI for 2 years.

He has done his BSc in Mathematics and MBA, apart from being an Alumnus of IIM Bangalore and Harvard through Advanced Management Programme.

Ms. Ashu Suyash is the Former Managing Director and Chief Executive Officer of CRISIL.

Ms. Suyash has more than 26 years of experience in the financial services sector. Prior to joining CRISIL, she served as the Chief Executive Officer of L&T Investment Management Limited. Before joining L&T Investment Management, she was Managing Director & Country Head of Fidelity’s Indian asset management business. Earlier, she was the Head of Strategy and Business Development at Citibank India. Her career at Citibank spanned over 15 years during which she held several key positions across the Consumer, Corporate and Investment Bank. Over the years, Ms. Suyash has been recognized amongst the Top 50 Women in business in India and in Asia several times by various publications.

Ms. Suyash has a keen interest in the education sector and is associated with the Board of Studies at NMIMS, with N.M College and is on the advisory boards of the Chartered Institute for Securities & Investment and Aseema Charitable Trust, an NGO with a mission to provide education to the underprivileged children.

Ms. Suyash is a commerce graduate from Mumbai University (N.M. College) and a Chartered Accountant.

Mr. Ishaat Hussain served as a Non-Executive Director of Tata Sons Limited and was the Finance Director of Tata Sons Ltd. for over a decade.  Mr. Hussain has been with the Tata Group for 30 years . Prior to joining the Tata Sons Board, he held various positions in Tata Steel Limited and was the Finance Director of Tata Steel Ltd. for  ten years.

Mr. Hussain is a graduate in Economics from the Delhi University and a fellow of the Institute of Chartered Accountants England & Wales (ICAEW).  He has also attended the Advanced Management Programme at the Havard Business School.  Besides being on the Board of Tata Sons Ltd., he represents Tata Sons on the Boards of various Tata Companies. He also served on the board at Tata Sons Ltd., Indian Tube Co., ATC Telecom Infrastructure Pvt Ltd., Corus Group Plc, Go Airlines (India) Ltd., Videsh Sanchar Nigam Ltd., Tata Industries Ltd. and Tata Teleservices Ltd.

Mr. Hussain has been a member of the Board of Trade of India. He was a member of The Committee for Reforming the Regulatory Environment for doing business in India (Damodaran Committee), the Bihar State Industrial & Investment Advisory Committee and the International Integrated Reporting Council (IIRC). He is also a Trustee of the India Foundation of the Arts & The Marg Foundation.

Mr. Uday Chitale was appointed on the Board of ICICI Bank in January, 2018. He is a Chartered Accountant with over 43 years’ standing and is Senior Partner of M. P. Chitale & Co. His professional experience encompasses auditing & assurance and business/management advisory services to diverse mix of corporate clients including banking and financial institutions. Mr. Chitale is also active in the field of arbitration and conciliation and passionately promotes and works for spreading awareness of ADR to resolve commercial disputes. He is accredited mediator on the panel of experts of CEDR (UK). Mr. Chitale has served on the boards of prominent companies and notably, he was a board member during ICICI Bank’s formative years during 1997-2005. He was also a director and VP-Asia Pacific of the global association of accounting firms, DFK International.

Prof. H. Krishnamurthy served the Indian Institute of Science for more than three decades and Retired as a Chief Research Scientist in 2017. His focus areas are Networks and Security in particular and Banking Technologies in General. He serves as Chairman/Member of several technology initiatives of RBI, SEBI, IRDAI and PFRDA. He is on the Boards of Insurance Information Bureau (IIB) and Institute of Insurance and a Risk Management (IIRM). He served on the Boards of Indian Institute of Banking and Finance (IIBF), IDRBT and Canara Bank in the past.

Mr. Sunil Kadam is the Registrar of National Institute of Securities Markets(NISM), an educational initiative of the Securities and Exchange Board of India (SEBI). Mr. Kadam holds a degree of Master of Business Administration (MBA) from University of Pune. Prior to taking over as Registrar of NISM, Mr. Kadam was Regional Director of Northern Regional Office of SEBI. Mr. Kadam has joined SEBI in 1996 and during his tenure in SEBI he has worked in various departments in SEBI and handled the work relating to administration and inspection of Market Infrastructure Institutions (MIIs) and SEBI registered intermediaries, surveillance and investigations, corporation finance, forensic accounting, corporate governance, Business Responsibility Reports, Indian Depository Receipts (IDRs), E-voting, search and seizure, treasury and accounts, enquiry and adjudications, litigations, etc. Mr. Kadam was also a member of SEBI Committee on Disclosures and Accounting Standards (SCODA) and Auditing & Assurance Standards Board of The Institute of Chartered Accountants of India (ICAI). He has also represented SEBI in Asian Roundtable on Corporate Governance meetings organized by the Organization for Economic Co- operation and Development (OECD) and was also part of OECD report on “Related Party Transactions and Minority Shareholder Protection”.