CHANGE, THEY SAY, is the only constant. And Madhabi Puri Buch personifies change, at least for the markets regulator Securities and Exchange Board of India (Sebi). When she entered Sebi’s corner office around a year ago, she brought with her an important cultural change at the regulatory body.
Buch, the first non-IAS Chairperson of Sebi since 2002 (former LIC chairman G.N. Bajpai was named Sebi chief in 2002), brought in a culture that was more in sync