ICRA MD & CEO N Sivaraman resigns

ICRA MD & CEO N Sivaraman resigns


In a surprise development, N Sivaraman, managing director and group Chief Executive, of rating agency has resigned with immediate effect citing personal reasons. He joined in July 2020.

Ramnath Krishnan has been appointed as new MD and group CEO, the rating agency said in a statement. is an unit of global rating agency Moody’s.

Earlier, Krishan was President – ratings and chief ratings officer at ICRA. He joined the rating agency in July 2020 from RBL Bank where was Chief Risk Officer since 2018.

Sivaraman came to ICRA after a stint with IL&FS where he was Chief Operating Officer with responsibilities for asset monetisation and creditor engagement and loan restructuring.

“We are delighted to benefit from Mr. Krishnan’s deep knowledge of risk, credit and markets as we welcome him to his new role. We are confident his long experience, together with the strong leadership qualities he has demonstrated since joining the company will help him lead ICRA into its next phase of growth,” said Arun Duggal, Non-Executive Chairman and an Independent Director of ICRA.

“ICRA is a key player in the Indian capital markets and a leader in credit analytics in India. I am thrilled to work with all our stakeholders as we chart out what promises to be an exciting and robust phase of growth for the company,” said Krishnan.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *