NEW DELHI: Govt has appointed Deputy Comptroller & Auditor General Sivasubramanian Ramann as the new pension regulator, marking a rare instance of an Indian Audit and Accounts Service officer bagging a coveted post.
He will replace incumbent Deepak Mohanty, whose term as chairman of the Pension Fund Regulatory & Development Authority of India (PFRDA) is scheduled to end in May 2025. The 1991-batch officer has been given a five-year term at a time when Centre has introduced the Unified Pension Scheme for employees, who joined govt service from 2004. Besides, it is seeking to deepen pension penetration, especially for the unorganised sector.
Ramann has varied experience outside the CAG set up. having worked as chief general manager and then as executive director at Sebi between 2007 and 2013. He was also MD & CEO of National E-Governance Services, information utility registered with IBBI. Between 2021 and 2024, he was Sidbi CMD.
Ramann is an economics graduate from St Stephen’s College and an MBA from FMS, Delhi University. He completed a master’s degree in regulations from London School of Economics and also earned a law degree from Mumbai University.
All eyes are now on who would be insurance regulator IRDAI chief, with post lying vacant since Debasish Panda’s term ended last month.