Tuhin Kanta Pandey assumed charge as the 11th chairman of capital markets regulator Sebi on Saturday. Pandey, a career bureaucrat who was serving as the Finance Secretary till now, was appointed chairman of the Securities and Exchange Board of India (Sebi) by the government on Thursday.

He replaces Madhabi Puri Buch, whose three-year tenure ended on Friday. Buch, who is reportedly unwell, was not present when Pandey arrived.

Dressed in a dark blue blazer and a striped shirt, Pandey arrived at the Sebi headquarters in the Bandra Kurla Complex business district on Saturday afternoon.

All four Sebi whole-time members, Ashwani Bhatia, Amarjeet Singh, Ananth Narayan and Kamlesh Varshney, welcomed Pandey at the Sebi headquarters.

Pandey has been appointed Sebi chairman for three years.