The Narendra Modi Government on Friday (7 December) appointed Krishnamurthy Subramanian, currently an associate professor and executive director (Centre for Analytical Finance) of Indian School of Business, Hyderabad, as the new Chief Economic Adviser to the Finance Minister. His appointment is for a period of three years.
Subramanian will replace his predecessor Arvind Subramanian who prematurely resigned from the position in June this year.
A PhD from Chicago-Booth and an IIT-IIM alumnus, Subramanian is regarded as one of the world’s leading experts in banking, corporate governance and economic policy.
Subramanian comes into the job with a considerable policy formulation experience. Some of his past roles include - Member and Director of Research at P J Naik Committee on Governance of Bank Boards, Member of Uday Kotak Committee on Corporate Governance and Member of Standing Committee on Alternative Investments headed by Narayana Murthy.
He has served as the Chair of Risk Management Group on Inter-operability among Exchanges, and was the member of Standing Committee on Primary Markets headed by Mohandas Pai and a member of Standing Committee on Secondary Markets headed by Professor J R Verma.
He also serves on the boards of Bandhan Bank, the National Institute of Bank Management, and the RBI Academy.
Before beginning his academic career, Subramanian worked as a consultant with JP Morgan Chase in New York. He also served in a management role at ICICI.
He obtained his MBA and PhD in Financial Economics at the University of Chicago Booth School of Business under the guidance of Professor Luigi Zingales and Professor Raghuram Rajan.