Ashu Suyash to succeed Roopa as Crisil MD &CEO
16 March 2015
Ratings and anlytics agency Crisil today said Ashu Suyash, CEO of L&T Investment Management Ltd, will be its next managing director and chief executive officer.
Suyash will take charge from Roopa Kudva, 22-year Crisil veteran who became the managing director and CEO of Crisil in 2007.
The company has been hunting for a CEO for the past seven months since Kudva made her intention to step down on 9 September 2014
Suyash has over 26 years of experience in the Indian financial services industry.
She moved to her current role as the , following the acquisition of Fidelity Worldwide Investment's India Asset Management business by L&T Investment Management Ltd.
Under her leadership, the L&T Investment Management business has doubled in the past two years with assets under management growing to over Rs.22,000 crore. She is also responsible for L&T Capital Markets Ltd, which is the wealth management arm of L&T Financial Services and has over Rs.6,500 crore of assets under service.
Earlier Suyash worked with Citigroup India. During her 15-year tenure with Citigroup she held several senior positions across operations, investment banking, finance, sales and marketing, and general management.
''I am delighted to welcome Ashu as the next managing director & CEO of Crisil,'' Douglas Peterson, chairman of the board of Crisil said.
''Her strong professional track record in the financial services sector and her proven leadership skills will be of immense benefit to Crisil. I look forward to working with Ashu to enhance Crisil's leadership position in providing independent ratings, research, risk and policy advisory services to clients in India and around the world,'' he added.
''I have always admired Crisil for its professionalism, integrity, high quality research and analytics and the important role it plays in India's capital markets. I look forward to working with the Board, employees, clients, and other stakeholders,'' Suyash said.
Crisil is a global analytical company providing ratings, research, and risk and policy advisory services. Its majority shareholder is Standard and Poor's, a part of McGraw Hill Financial.