Krishnamurthy Subramanian: ISB professor is India's new chief economic advisor

Nearly six months after chief economic advisor Arvind Subramanian left the finance ministry due to "pressing family commitments" after serving for more than three years , the government has appointed Krishnamurthy Subramanian to the post for three years. Subramanian teaches at Indian School of Business (ISB), a top business school in India and the only Indian institution to be ranked in the world’s top 100 for path-breaking research. Currently, he serves as associate professor of finance and executive director for the Centre for Analytical Finance.

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, according to his bio on the ISB website.
Krishnamurthy's services on the expert committees on Corporate Governance for the Securities and Exchange Board of India (SEBI) and on Governance of Banks for The Reserve Bank of India (RBI) have established him as one of the chief architects of corporate governance and banking reforms in India. He serves 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 serves 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 holds a PhD from the University of Chicago Booth School of Business. His research in banking, law and finance, innovation and economic growth, and corporate governance has been published in the world’s leading journals, including The Review of Financial Studies, the Journal of Financial Economics, the Journal of Financial and Quantitative Analysis, and the Journal of Law and Economics.

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.