Former SBI MD Ashwani Bhatia takes charge as whole-time member at Sebi

Third WTM position was vacant for nearly seven months; Bhatia to oversee debt and hybrid securities, AIFs and FPIs

Ashwani Bhatia on Wednesday took charge as a whole time member (WTM) at market regulator Securities and Exchange Board of India (Sebi). Bhatia was previously the managing director of state-owned State Bank of India (SBI).

“Bhatia will handle the department of debt and hybrid securities (DDHS), alternative investment fund and foreign portfolio investors department (AFD), market intermediaries regulation and supervision department (MIRSD), corporation finance investigation department (CFID) and office of investor assistance & education (OIAE),” Sebi said in a release.

After Bhatia’s joining, Sebi now has three WTMs. The government is yet to appoint the fourth member. The market regulator