Sebi today said Sujit Prasad has taken charge as its executive director and will handle market regulation department.
Prior to this assignment, he was chief general manager and acting as executive assistant to chairman.
According to a release issued by Sebi, Prasad has taken over as an executive director and will handle the market regulation department.
"He will also continue as executive assistant to chairman till further orders," Sebi said.
Among others, Prasad has been the co-chair of IOSCO (International Organisation of Securities Commissions) task force on over the counter derivative reforms and a member secretary of RBI/Sebi technical committee on currency and interest rate derivatives.
In July, the Securities and Exchange Board of India (Sebi) had promoted two senior employees -- Amarjeet Singh and Nagendraa Parakh -- as executive directors (EDs).
Other EDs are P K Nagpal, S Ravindran, S V Murali Dhar Rao, S K Mohanty and Ananta Barua, as per the regulator's website.
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