The government, on Thursday, appointed UTI AMC chief U K Sinha as the Chairman of capital markets regulator, the Securities and Exchange Board of India (Sebi). A 1976 batch IAS officer of the Bihar cadre, Sinha replaces C B Bhave who retires on February 17, 2011.
Sinha has been appointed as Sebi chief for a period of three years from February 18, 2011. Sinha at present is the chairman and managing director UTI AMC. He also heads the mutual fund industry body AMFI.
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