Chandrasekher Bhaskar Bhave has taken the charge of the chairman of Indian market regulator Securities and Exchange Board of India for next three years.
Outgoing Sebi Chairman M Damodaran, who completed his three-year tenure on February 17, welcomed Bhave to the office on Monday morning and handed over the charge to him.
Bhave, a former civil servent, had headed the country's leading depository, National Securities Depository Limited, and was one of the first senior executive directors to come on Sebi's board.
Apart from a short stint as head of the primary market department during 1995-96, he had also been in-charge of Sebi's secondary market division between 1992 and 1996 and was closely associated with the development of online trading in securities.