SEBI appoints SV Murlidhar Rao as new Executive Director

NEW DELHI: Market watchdog Securities and Exchange Board of India (SEBI) has announced the appointment of SV Murlidhar Rao as its new executive director.

Rao's appointment will fill a vacancy created by the recent exit of Usha Narayanan.

Most recently, Rao was a Chief General Manager in Sebi's Markets Regulations Department.

Besides Rao, Sebi has six EDs, which include PG Ngapal, J Ranganayakulu, Ananta Barua, S Ramann, S Ravindran and RK Padmanabhan.

Earlier to Rao, Usha Narayanan was heading the regulatory authority's corporation finance department. She left Sebi late last month, prior to which she has held various senior positions in a number of departments including those dealing with FIIs, investigations, primary markets and intermediaries.