Sinha takes charge as Sebi chief

MUMBAI: Upendra Kumar Sinha on Friday took charge as market regulator Sebi’s chairman from the outgoing chief Chandrashekar Baskar Bhave, who is said to have considerably raised the bar of the institution during his threeyear tenure.
As the eighth chairman of the market watchdog, UK, as he is known among his friends, has a tough task cut out for him, since his predecessor had placed the institution highly above suspicion and had also shown the real powers of the Sebi to one and all-especially the mighty.During his tenure, Bhave had ensured that every stakeholder in the marketplace, especially the retail investors, is rightly heard and not just the brokers and corporates.
Before being selected to head the Sebi, Sinha was UTI Mutual Fund’s CMD.