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The government has shortlisted seven candidates to fill one of two vacant whole-time member (WTM) positions at the Securities and Exchange Board of India (SEBI), according to people familiar with the matter.
Those in the race include former SEBI Executive Directors VS Sundaresan and Anand Rajeshwar Baiwar; IRS officers Rajeshwar Yadav, Sandip Pradhan and Pransanjit Singh; IIM Bangalore professor M Jayadev, and N Venkatram of La Caisse, a Canada-based pension fund.
Sources said the Centre aims to fill both WTM positions before the end of the calendar year. Interviews were conducted earlier this month, and the government completed its background verification process last week.
The list brings diverse backgrounds: regulatory insiders, tax bureau and investigative officers, academic expertise, and global investment management experience. Sundaresan and Baiwar bring deep familiarity with SEBI’s operations and enforcement mechanisms, while the IRS officers contribute robust investigative and compliance experience. Jayadev adds an academic perspective on financial markets and governance, while Venkatram brings international institutional investment experience.
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