Government is inviting applications for a second Whole-Time Member position at SEBI, the market regulator.

Published on September 4, 2025

The Securities and Exchange Board of India (SEBI) has announced a vacancy for a second Whole-Time Member (WTM) position. The Department of Economic Affairs, Ministry of Finance, has issued a notification for the vacancy, with the last date for applications set for October 6, 2025.

Ananth Narayan, who currently serves as the WTM at SEBI, is responsible for several key departments, including the Market Intermediaries Regulation and Supervision, Economic and Policy Analysis, Alternative Investment Funds and Foreign Portfolio Investors, Information Technology, and Integrated Surveillance. Narayan joined SEBI as WTM in 2022.

Narayan's tenure is set to conclude in October, and the positions have become vacant due to the conclusion of tenures of the existing WTMs and the end of Ashwani Bhatia's tenure. Bhatia's tenure as a WTM ended in May.

SEBI currently has three WTMs: Narayan, Amarjeet Singh, and Kamlesh Chandra Varshney. The re-appointment for the WTM position is possible, but as of now, the government has not proposed any specific candidate.

Prior to his regulatory role, Narayan spent over two decades in financial markets, holding senior positions at Citibank, Deutsche Bank, and Standard Chartered. Narayan also served as Associate Professor at SP Jain Institute of Management & Research.

The selected WTM will receive a monthly salary of ₹5,00,000. The new WTM's term can last up to five years, but they must retire at the age of 65.

The government is expected to fill both WTM vacancies at SEBI by the end of the year. The deadline for application is October 6, 2025. Interested candidates are advised to apply promptly.