RBI's G Mahalingam appointed Whole-Time Member at Sebi

New Delhi, Aug 12 () RBI's Executive Director

Gurumoorthy Mahalingam

was today appointed Whole-Time Member of market regulator

Sebi

. He has been appointed to the post for five years, or till the age of 65 years whichever is earliest. He will get a consolidated salary of Rs 3.75 lakh, an order issued by

Department of Personnel and Training

said. Besides Chairman, the

Securities and Exchange Board of India

(Sebi) can have three WTMs, but one post has been vacant since retirement of

Prashant Saran

in June. The existing WTMs are

Rajeev Kumar Agarwal

and S Raman. While Chairman

U K Sinha

will retire next year, the term of one existing WTM will end this year itself, search process for whose replacement has already been initiated. Mahalingam is Executive Director and former regional director of Reserve Bank of India. He has also been associated with

NISM

(

National Institute of Securities Markets

), an educational initiative of Sebi, as part of its visiting faculty. He has been associated with RBI for last 30 years in various roles as Inspecting Officer, Chief

Forex

Dealer, Chief Investment Dealer, Head of Internal Debt Management Department. In his current role at the central bank, Mahalingam is involved in monitoring and surveillance of money, forex, government securities and derivative markets intervention operations, besides conduct of liquidity operations, forex intervention operations and open market operations. He is MSc in Statistics and

Operations Research

from IIT, Kanpur and an MBA in

International Banking and Finance

from

Birmigham Business School

, UK. AKV BJ