The government Tuesday appointed former secretary Faruq Ahmad Siddiqi as the new chairman of the Securities and Exchange Commission (SEC). He is the sixth chairman of the stock market regulatory body. When contacted, Siddiqi told the FE that he will join his new assignment as early as possible. Siddiqi, a member of BCS (taxation) was secretary of three ministries--posts and telecommunications, education and commerce--during his career. He also served as a member of National Board of Revenue (NBR). Earlier Sultanuddin Ahmed, Harunur Rashid, MA Syed, Manir Uddin Ahmad and Mirza Azizul Islam were chairmen of the SEC since 1993. The post of the SEC chief fell vacant when immediate past chairman Mirza Azizul Islam retired February 22. He had joined the SEC November 1, 2003.
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