New Delhi: U K Sinha, the chairman of UTI MF, is understood to have been appointed as the next chief of market regulator Sebi.
The term of present Sebi chief C B Bhave would end on February 17.
Sinha, who is also mutual fund industry body AMFI's chairman, was considered to be a front-runner for the post.
However, when contacted, a Finance Ministry official could not confirm whether the orders have been issued regarding Sinha's appointment as Sebi chief.
A government search panel had reportedly recommended Sinha as the next Sebi chairman.
Before joining UTI Mutual Fund, Sinha served as joint secretary, capital markets division, in the Finance Ministry.
He is an IAS officer of the Bihar cadre.