New Delhi: The regulator for the securities market in the country, Securities and Exchange Board of India is on a hiring spree. It has embarked on a recruitment drive inviting applications for 90 senior-level executives. It proposes to recruit legal experts, researchers and other officials for general administration. The public announcement to recruit 90 personnel comes at a time when the search is on for a new SEBI Chairman. The present Chief, C.B. Bhave, is due to retire in February 2011. The market regulator has invited 60 applications for the post of Assistant Manager for general stream and eight applications for research stream. For applying to both the vacancies, the incumbent needs to have a Masters Degree in Economics/Commerce/MBA. Also, there are six vacancies for officers in legal stream, for which the incumbent should have a Bachelor's Degree in Law. Meanwhile, the Government has constituted a high-level search panel, headed by the Cabinet Secretary, K.M. Chandrasekhar, for selecting the next SEBI Chairman. The Finance Secretary, Ashok Chawla, is also part of the panel.