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UK Sinha gets two-year extension as SEBI chairman

The Finance Ministry on Thursday extended Mr Sinha's tenure by two years

February 07, 2014 8:38 IST | India Infoline News Service
SEBI (Securities and Exchange Board of India) chairman UK Sinha's tenure has been extended by two years, according to a media report.

The Finance Ministry on Thursday extended Mr Sinha's tenure by two years, the report added.

Mr Sinha, 61, was appointed as SEBI chairman in February 2011, succeeding CB Bhave.

He was the Chairman and Managing Director (CMD) of the Unit Trust of India Asset Management Company (UTIAMC), commonly referred to as UTI Mutual Fund. He is a member of the Indian Administrative Services (IAS), belonging to the Bihar Cadre.

Before taking over at UTIAMC, Sinha held key positions in the Government of India, notably in the Ministry of Finance, where he was the Joint Secretary, looking after Capital Markets, External Commercial Borrowings, Banking and Currency and Coins.

During his tenure at the Ministry of Finance, he spearheaded several initiatives, such as the Banking Sector reforms, and the Capital Market reforms.

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