Ramann, an Indian Audit and Accounts Service officer who spent over six years at Sebi (Securities and Exchange Board of India) including about two years as Executive Director, left earlier this month after he was called back to his parent organisation, the Comptroller and Auditor General (CAG).
He was first sent to Sebi on deputation as an Officer on Special Duty in 2007 and was promoted as ED in August 2011. Ramann was handling some key functions, including in the market regulations and surveillance departments.
To fill the vacancy, Sebi today began a process and invited applications from the prospective candidates either on contract or on deputation.
The applications are required to reach by August 5 to Sebi. The appointment will be for a period of three years.
Currently, Sebi has six EDs, who report to the three Whole-Time Members as per the regulator's organisation structure. These EDs include Ravindran, R K Padmanabhan, S V Murali Dhar Rao, P K Nagpal, J Ranganayakulu and Ananta Barua.
The candidate should have atleast 20 years of experience in dealing with problems related to securities market or special knowledge or experience of law such as corporate and securities, finance, economics, accountancy.