Narendra Modi government today appointed Dr Krishnamurthy Subramanian as the Chief Economic Adviser for three years. Dr Subramanian is a professor at the Indian School of Business (ISB), Hyderabad where he serves as the Executive Director of the Centre for Analytical Finance.
Subramanian, a PhD from Chicago-Booth and an IIT-IIM alumnus, is considered one of the world’s leading experts in banking, corporate governance and economic policy.
He serves as a member of SEBI’s Standing Committees on Alternative Investment Policy, Primary Markets, Secondary Markets and Research, according to his profile on the ISB website. He also serves on the boards of Bandhan Bank, the National Institute of Bank Management, and the RBI Academy.
Subramanian also worked as a consultant with JPMorgan Chase in New York, before he began his academic career. Subramanian was named ISB’s inaugural Alumni Endowment Research Fellow in 2014.
He holds a bachelor’s degree in Electrical Engineering from the Indian Institute of Technology (IIT), Kanpur and an MBA degree from the Indian Institute of Management (IIM), Calcutta.
He later obtained his MBA and PhD in Financial Economics at the University of Chicago Booth School of Business, where former RBI Governor Raghuram Rajan was one of his mentors.
Subramanian’s PhD dissertation earned the Ewing Marion Kauffman Foundation Dissertation Fellowship, which recognizes the top 15 PhD dissertations across all disciplines every year.
His appointment comes nearly five months after incumbent Arvind Subramanian resigned to return to academia in the US. The position of the Chief Economic Adviser has been vacant since June.