Tuhin Kanta Pandey is an IAS officer from the 1987 batch of the Odisha cadre. He will be replacing Madhabi Puri Buch, whose term ends this month. Mr Pandey also served as the head of the Department of Investment and Public Asset Management (DIPAM) Previously, he was appointed as the district collector in Sambalpur, deputy secretary in the Ministry of Commerce, and joint secretary at the Planning Commission. He played a key role in the listing of the country’s largest insurer, Life Insurance Corporation of India. He was also instrumental in the government’s successful sale of Air India to the Tata Group in January 2022. He holds a master’s degree in Economics from Panjab University, Chandigarh. He did his MBA at the University of Birmingham. He is also the longest-serving divestment secretary. He takes over the reins at SEBI at a time when the stock markets are witnessing a slide after the withdrawal by Foreign Institutional Investors (FIIs). Foreign portfolio investors (FPIs) have withdrawn more than Rs 1 lakh crore since January.
