New Delhi, Feb. 21 -- Securities and Exchange Board of India (Sebi) is likely to have a seasoned bureaucrat as its next chairperson after Madhabi Puri Buch's three-year term at the helm of the capital market regulator ends this month, two persons familiar with the development said.

Buch is the only chairperson in Sebi's 36-year history who has a background in the private sector.

The people currently under consideration for the post include department of economic affairs secretary Ajay Seth, Sebi whole-time member Ashwani Bhatia and deputy comptroller and auditor general Anand Mohan Bajaj, said one of the persons quoted above.

The second person said the secretary to the government in another economic ministry, and the chair of a financi...