New Delhi: The government on Friday appointed Krishnamurthy Subramanian, a professor at Hyderabad's Indian School of Business, as the Chief Economic Adviser for three years.

Krishnamurthy Subramanian, who has a PhD from Chicago-Booth and a top-ranking IIT-IIM alumnus, is 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. He is also on the boards of Bandhan Bank Ltd, the National Institute of Bank Management, and the RBI Academy.

In June, then Chief Economic Advisor (CEA) Arvind Subramanian submitted his resignation and expressed his desire to return to the United States due to family commitments. The office of CEA has been vacant since then.