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Dr Krishnamurthy Subramanian, a top ranking IIT-IIM alumnus and a PhD holder from University of Chicago was today (Friday Dec 7) appointed as the new Chief Economic Adviser (CEA) for a period of three years.

“The Appointments Committee of the Cabinet (ACC) has approved for the appointment of Dr Krishnamurthy Subramanian, Associate Prof. and ED (CAF), ISB, Hyderabad, to the post of Chief Economic Adviser,” said a government notification.

Krishnamurthy has replaced Arvind Subramanian who had joined as the CEA on October 16, 2014.

Krishnamurthy Subramanian is one of the world’s leading experts in banking, corporate governance and economic policy. Krishnamurthy 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.

He served as a member of SEBI’s Standing Committees on Alternative Investment Policy, Primary Markets, Secondary Markets and Research. As part of his corporate policy work, he served on the boards of Bandhan Bank, the first bank to be licensed after independence in eastern India, the National Institute of Bank Management, and the RBI Academy.

He has also worked as a consultant with JPMorgan Chase in New York and has also served in a management role at ICICI Ltd.

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