The government on Friday appointed Krishnamurthy Subramanian, as the new chief economic adviser to the finance minister for a period of three years. He is an associate professor and executive director (centre for analytical finance) of Indian School of Business, Hyderabad, The post of the chief economic adivser had been lying vacant since Arvind Subramanaian left the finance ministry after a four-year stint earlier this year due to “pressing family commitments”.
A PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, Krishnamurthy Subramanian is one of the world’s leading experts in banking, corporate governance and economic policy.
In previous academic roles, Subramanian served on the finance faculty at Goizueta Business School at Emory University in the United States. He obtained his MBA and PhD in Financial Economics at the University of Chicago Booth School of Business under the advice of Professor Luigi Zingales and Professor Raghuram Rajan.
Before beginning his academic career, Subramanian worked as a consultant with JPMorgan Chase in New York. He also served in a management role in the elite derivatives research group at ICICI Ltd.
He serves as a member of Sebi’s standing committees on alternative investment policy, primary markets, secondary markets and research. He is also on the boards of Bandhan Bank Ltd, the National Institute of Bank Management, and the RBI Academy.