Sebi overhauls advisory committees on secondary markets, mutual funds, corporate bonds

Markets regulator Sebi has restructured its three advisory committees pertaining to the secondary market, mutual funds, and corporate bonds and securitisation. Rejigging its secondary market committee, Sebi has listed Zerodha’s co-founder and chief executive officer (CEO) Nithin Kamath among the new inductees in the 17-member panel, latest information on the regulator’s website showed.

The advisory committee will now be chaired by Madhabi Puri Buch, ex-whole time member of Sebi. The panel was earlier headed by IIM Ahmedabad professor and former whole-time member of Sebi, Jayanth R Varma.

Other members of the panel include Dhiraj Relli, MD and CEO of HDFC Securities; Kaku Nakhate, President and Country Head India at Bank of America; Naresh Yadav, MD and CEO of SBICAP Securities; and Leo Puri, Chairman, JP Morgan, South and Southeast Asia.

The panel advises the regulator on matters related to the secondary market, including suggesting steps to improve market safety, efficiency and transparency.