Subramanian is an expert in banking and economic policy. He was a member of the PJ Nayak Committee constituted by the Reserve Bank of India to review the governance of boards of banks in India.
New Delhi: Krishnamurthy Subramanian, associate professor at Indian School of Business appointed as the Chief Economic Advisor to the Government of India on Friday for a period of three years. Subramanian is an expert in banking and economic policy. He has worked with RBI’s serving deputy governor Viral Acharya and has helped Arvind Subramanian for the 2015 Economic Survey. Here are five things to know about Krishnamurthy Subramanian.
1) A top-ranking IIT-IIM
alumnus, Subramanian holds a Ph.D. from Booth School of Business, The University of Chicago. Former RBI governor Raghuram Rajan was on the committee for his dissertation. He is a known face in the banking industry.
2) Subramanian is an expert in banking and economic policy. He was a member of the PJ Nayak Committee constituted by the Reserve Bank of India to review the governance of boards of banks in India. He dis research on bankruptcy codes in 2009 with Viral Acharya. His service on the expert committee has established him as one of the chief architects of banking reforms in India.
3) He also served on Sebi’s expert committee on corporate governance led by Uday Kotak. In his previous assignments, he has worked as a member of the board of directors at Bandhan Bank and the National Institute of Bank Management.
4) During 2005 and 2010, he worked as assistant professor of finance at Goizueta Business School, Georgia. The new CEA previously has served as executive assistant to Chairman, FiMMDA(Fixed Income Money Markets and Derivatives Association of India).
5) Before beginning his academic career, Subramanian worked as a consultant at JPMorgan Chase and has also worked in ICICI Bank for nearly 2 years.