New Delhi: Sebi on Thursday said Govindayapalli Ram Mohan Rao has taken charge as an executive director and will handle the departments of investigation and internal inspection.
Earlier, Rao was the regional director of the eastern regional office of Sebi (Securities and Exchange Board of India). In that role, he had supervised diverse portfolios, including inspections, setting up of investor service centres, investor awareness, and redressal of grievances.
Rao has been appointed for three years. He will handle the investigation department and internal inspection department, the regulator said in a statement.
Before this assignment, Rao was the Regional Director of the Eastern Regional Office of SEBI and supervised diverse portfolios such as Inspections, Collective Investment Schemes, Litigation, Recovery, setting up of Investor Service Centers, Investor Awareness, Financial Education, redressal of grievances, co-ordination with 13 States/ UTs and so on.
Before that, he handled portfolios such as Inspections, Investigations, and Market Surveillance. He has also served at the Northern Regional Office and Serious Fraud Investigation Office.
Rao is an Engineer and MBA from Osmania University, Hyderabad. He also holds a Law degree from Mumbai University and is a certified fraud examiner, ACFE.
At a May 2023 event, Rao had asked Sebi-registered/regulated entities to protect their client investors from unauthorised schemes. He even encouraged their associations such as Independent Consultants & Advisors Association (ICAA) to have a reporting mechanism hosted on their websites.
He had compared this responsility to the work of defence forces at the border.