Home Honorary Senior Advisors
Mr. Ghyanendra Nath Bajpai, a distinguished leader in Indian business was the Chairman of the Securities and Exchange Board of India and he also served as Chairman of the Corporate Governance Task Force of International Organization of Securities Commissions and the Chairperson of the National (India) Pension Trust Board and National Stock Exchange of India.
As Chairman of SEBI, Mr. Bajpai oversaw the orderly functioning of India’s securities markets. With a vision to make India a global benchmark, Mr. Bajpai initiated numerous reforms and innovations in India’s securities markets.
As Chairman, Mr. Bajpai transformed LIC to meet the challenges of deregulation and competition from global insurance companies. Under his leadership, LIC became a financial powerhouse with the largest asset base in the Indian Sub-Continent.
Mr. Bajpai has been a member of Board of Directors at General Insurance Corporation of India, ICICI Bank, Unit Trust of India, UTI Bank now Axis Bank, Tata Chemicals, Jindal Steel, Thane Electric Supply Co., National Housing Bank, Discount & Finance House, Indian Railway Finance Corporation, India International Insurance Ltd., Singapore and Ken-India Ltd. Nairobi (Africa) among others.
Mr. Bajpai was also Non-Executive Chairman of National Stock Exchange, Stock Holding Corporation of India, LIC Housing Finance Ltd, LIC International EC Bahrain, LIC Nepal Ltd and Insurance Institute of India.
Mr. Bajpai is on the Board of Advisors of Indian Army Group Insurance Fund and Member of Governing Board of National Insurance Academy. Mr. Bajpai was the Chairman of Indian’s National Pension Trust Board. Earlier he and has served on the Governing Board of Indian Institute of Management, Lucknow.
He has chaired/been member of some of the important Committees, the recommendations of those committees have led to number of reforms and policy changes. Notable Committees among those are, Chairman of the Committee on Investment Pattern for Insurance and Pension Sector, Committee to Review Implementation of Informal Sector Pensions, Committee to Review Investment Guidelines for National Pension System (NPS) Schemes in Private Sector, and Member of High Level Task Force on Leveraging the Post Office Network: Empowering Rural India.
Shri G.N. Bajpai has been a visiting faculty at leading institutes of Management and Training. He was the visiting Prof. of Middlesex University, London. He has delivered lectures including at London School of Economics (LSE), Harvard University etc. and also addressed OECD & IMF seminars. He has written four several popular books.
Shri Mukul G Asher obtained Ph. D. in Economics from Washington State University in 1972. He was a faculty member with the Department of Economics, and later with the Lee Kuan Yew school of Public Policy at the National University of Singapore for over four decades. He is a Senior Fellow for Executive Education at the Lee Kuan Yew School of Public Policy, National University in Singapore.
He has been a Visiting Faculty at the Asian Public Policy Program at Hitotsubashi University in Tokyo since the early 2000s. He was a member of the panel to review (between November 2017 and January 2018) Crawford School of Public Policy at the Australian National University.
His research focuses on public financial management, including the public private partnerships (PPPs); social security reforms, particularly pensions and health care, in Asia; and on application of economic reasoning to public policies.
He has published extensively in national and international journals; and has authored or edited more than fifteen books. He is on the Editorial Board of several Journals, including Journal of pension economics and finance.
He has been a consultant or advisor to several Governments in Asia on tax policy and pension reforms; and to multi-lateral institutions including the International Monetary Fund, Asian Development Bank, World Health Organization, Pension Fund Regulatory and Development Authority of India, Government of Gujarat, Government of Haryana, and the World Bank. He is serving on Expert Committee on Social Protection set up be NITI Aayog.
He is actively involved with various research organizations and think tanks, including ERIA (Economic Research Institute for ASEAN and East Asia) in Jakarta. He is currently (as of January 2020) leading a project for ERIA on the role of public finances in provision of infrastructure in Asia. He served as Chairman, 5th State Finance Commission of Haryana.
He has led or participated in numerous Executive Development Programs for government officials at all levels. These include programs for the West Bengal, Assam, Madhya Pradesh, Indian Railways, and CAG (Comptroller and Auditor General of India, Indian Revenue Service, Russia, Kazakhstan Sri Lanka, Cambodia, Vietnam, Indonesia, Brunei, and Bangladesh.
Dr. Shri K. P. Krishnan was educated in Economics at St. Stephens College and Law at the Campus Law Centre University of Delhi and joined the Karnataka cadre of the IAS in 1983. In 2002, he obtained his Ph.D. in Economics from IIM, Bangalore.
Dr. Shri Krishnan is Chairman of the Committee constituted recently by the Government of India (GoI) to propose the legal framework for Cross Border Insolvency. He has joined National Council of Applied Economic Research (NCAER) on 7th August 2020 as the IEPF Chair Professor in Regulatory Economics. After serving in various positions in the Government of Karnataka (GoK), Government of India (GoI) and World Bank, he retired as Secretary Ministry of Skill Development and Entrepreneurship. Prior to this, he was Special Secretary, Department of Land Resources, Ministry of Rural Development and Additional Secretary, Department of Economic Affairs, Ministry of Finance. He has also served as Secretary, Economic Advisory Council to the Prime Minister and Joint Secretary, Department of Economic Affairs. Dr. Krishnan served as Adviser to the Executive Director World Bank.
He has authored a number of reports on the Indian financial sector and published many academic papers on a range of subjects. Dr. Krishnan held the BoK Visiting Professorship in Regulation in the University of Pennsylvania Law School, Dr.Krishnan was conferred the Distinguished Alumni Award of IIM Bangalore.
Anantha-Nageswaran graduated with a Post-Graduate Diploma in Management (MBA) from the Indian Institute of Management, Ahmedabad in 1985. He obtained a doctoral degree in Finance from the University of Massachusetts in 1994 for his work on the empirical behaviour of exchange rates.
Between 1994 and 2004, he worked for Union Bank of Switzerland (now UBS) and for Credit Suisse in Switzerland and in Singapore. In July 2006, he joined Bank Julius Baer & Co. Ltd. in Singapore as the Head of Research for Asia. In March 2009, he was appointed as the Chief Investment Officer for the bank. For about seven years from July 2011, he was a writer, consultant and teacher.
He was Dean, IFMR Graduate School of Business (Krea University) from October 2018 to December 2019.
He is a member of the Board of Directors of several companies in India, including TVS Supply Chain Solutions (P) Limited and TVS Sri Chakra Ltd. In Singapore, he is a co-founder and member of the Board of Directors of NPS International School.
In October 2019, he was appointed as a part-time member to the Economic Advisory Council of the Prime Minister of India for a period of two years.
His co-authored book, ‘Economics of Derivatives’ and ‘Derivatives’ were published by the Cambridge University Press in March 2015 and October 2017 respectively. Another co-authored work, ‘Can India grow?’ has been published by Carnegie Endowment for International Peace in November 2016.
‘The rise of Finance: Causes, Consequences and Cures’ published by the Cambridge University Press is his most recent (co-authored) work.
He writes a weekly column for MINT, an Indian financial daily, on Tuesdays (www.livemint.com).
Shri Siddhartha Sengupta is career banker with SBI spanning 36 years in key leadership roles in India and overseas, with hands on exposure in the areas of International Banking business, Corporate Credit, SME Credit, Retail Branch Banking, Trade Finance, managing key client relationships globally and banking regulatory compliance in multiple jurisdictions.
Shri Siddhartha Sengupta’s last assignment in SBI was as Deputy Managing Director in charge of International Banking Group of SBI responsible for SBI’s international strategy overseeing a balance sheet of USD 55 bn spread across 35 countries. He has chaired the boards of five overseas subsidiaries of SBI in advanced regulatory jurisdictions including the USA, Canada and UK in addition to driving strategic business development and risk management in multiple jurisdictions overseas.
He is on the board Federal Bank Ltd, Standard Chartered Investments & Loans (India) Ltd, IIFL Trustee (trustee for IIFL Asset Management Company), Tarachand Logistic Solutions Ltd, Centrum Financial Services Ltd. and is special invitee to HR Committee of the Board of Central Bank of India
Shri Mohan Shenoi is a veteran banker with over 42 years of wide-ranging experience in the industry. He has held several leadership positions in both the public and the private sector, including spearheading two complex bank mergers and setting up the treasury desk at three banks.
Shri Mohan Shenoi is currently a Director on the Board of Airtel Payments Bank Ltd. and Senior Advisor to Kotak Mahindra Bank. He retired as President & Chief Operating Officer (COO), Kotak Mahindra Bank in April 2018. He has also served as Director on the Board of Kotak Group companies.
Shri Mohan Shenoi was the Chief Integration Officer responsible for spearheading the integration of ING Vysya Bank with Kotak Mahindra Bank, one of the largest mergers in Indian banking. He successfully completed the merger in terms of People, Process, Technology and Synergy in a record time of 15 months. He was also actively involved in the merger of Bank of Madura with ICICI Bank.
Shri Mohan Shenoi had set up the Treasury function and dealing rooms at three banks – Corporation Bank, ICICI Bank and Kotak Mahindra Bank. He contributed significantly to the development and deepening of money market instruments like Certificate of Deposit (CD) and Commercial Paper (CP) in the early 1990s when they were first permitted in India.
As President, Group Treasury & Global Markets for over 13 years at Kotak Mahindra Bank, Shri Mohan Shenoi headed the integrated treasury (forex, fixed income, money markets, derivatives and bullion), primary dealership, debt capital markets and balance sheet management unit. He was responsible for setting up one of the best dealing rooms in India with state-of-the-art technology and cutting-edge treasury products.
As a member of the initial core leadership team, Shri Mohan Shenoi actively participated in setting up two new commercial banks in India – ICICI Bank (in 1994) and Kotak Mahindra Bank (in 2003).
Ms. Anjali Bansal is former Non-Executive Chairperson of Dena Bank, appointed by the Government of India to steer the resolution of the stressed Bank, eventually leading to merger with Bank of Baroda.
Ms. Anjali was earlier a global Partner and Managing Director with TPG Growth PE responsible for India, SE Asia, Africa and the Middle East. Prior to TPG, she was Global Partner and India CEO with Spencer Stuart and co-headed their Asia Boards practice. She started her career as a strategy consultant with McKinsey and Co in New York.
Anjali is the Founder and Chairperson of Avaana Capital, a platform that supports technology and innovation led models, and policy, to drive large scale economic and development impact.
Ms. Anjali serves as an independent non-executive director on the boards of Siemens Ltd, Tata Power, Voltas, Bata, Kotak AMC, and Delhivery. She Ms. Anjali has chaired the India board of Women's World Banking, a leading global livelihood-promoting institution, was on the Advisory Board of the Columbia University Global Centers, South Asia, and served on the managing committee of the Indian Venture Capital Association. She has invested in and mentored various successful startups including Delhivery, UrbanClap, Darwinbox, Nykaa, and Lenskart.
She has been elected as President designate, Bombay Chamber of Commerce and Industry, and serves on the CII National Committee on Corporate Governance. As an active contributor to the dialogue on corporate governance and diversity, Anjali co-founded and chaired the FICCI Center for Corporate Governance program for Women on Corporate Boards.
She is a member of the Young Presidents' Organization and charter member of TiE, mentor to Facebook SheLeadsTech, and is closely associated with NITI Aayog’s Women Entrepreneurship Platform, Digital solutions, and mentor to the Atal Innovation Mission.
She has been listed as one of the “Most Powerful Women in Indian Business” by India’s leading publication, Business Today, and by Fortune India. She is a frequent speaker at forums like Harvard, Stanford, Columbia, CNBC, ETNow, IVCA, BSE and jury member for awards including ET 40 Under 40, Women Ahead, CEO Awards, VC Circle, AIWMI Awards and others.
Anjali has a BE in Computer Engineering from Gujarat University, a Masters in International Finance and Business from Columbia University, and the YPO Presidents Program at Harvard Business School.
Shri G. Anantharaman has worked in various senior capacities in the Income Tax Department and Enforcement Directorate of the Government of India and retired as Chief Commissioner of Income Tax, Mumbai in June 2004.
Post retirement he has been whole time member at Securities and Exchange Board of India, Trustee at New Pension Scheme Trust (PFRDA) and member of Expert Committee (Vepa Kamesam Committee) appointed by Ministry of Corporate Affairs to advise Government of India on issues concerning the Serious Fraud Investigation Office. Shri Anantharaman has been member Advisory Council to Central Vigilance Commission and has been independent external monitor for Air India on implementation of Integrity Pact.
Shri G. Anantharaman has participated as member of the Indian delegation in Commonwealth conference at Colombo in 1995 on drafting the Anti Money Laundering Act for the member countries of the Commonwealth and very closely associated with the said legislation in India.
Currently, he is Independent Director at CDSL Insurance Repository Limited, SHCIL Services Limited, Shriram General Insurance Limited and is Chairman of Invesco Trustee Board Limited.
Dr. M. S. Sahoo serves as distinguished Professor at National Law University, Delhi. Dr. Sahoo is an acclaimed thought leader in financial markets, has four decades of professional experience. This includes two decades in regulation of markets and professions, as Chairperson, Insolvency and Bankruptcy Board of India (IBBI), Member of the Competition Commission of India (CCI), Secretary of the Institute of Company Secretaries of India, Whole-time Member of the Securities and Exchange Board of India (SEBI), and Economic Adviser with the National Stock Exchange of India Limited. As a Member of the Indian Economic Service, Dr. Sahoo has served several Ministries in the Government of India. He also had a brief but eventful legal practice.
As founder Chairperson of the IBBI, Dr. Sahoo spearheaded insolvency reforms in the country. In the first three years of insolvency reforms, India’s rank improved from 136 to 52 in resolving the insolvency parameter of the World Banks’ Ease of Doing Business report. It was adjudged as the most improved jurisdiction in 2018 by the Global Restructuring Review.
Dr. Sahoo has substantially influenced policies and reforms in financial markets over the last three decades. He played a key role in major reforms: architecture of regulator and regulatory tribunal (1995), dematerialisation of securities (1995), trading of equity derivatives (1999), online certification of professionals (2000), resolution of litigation relating to brokers' fee (2004), setting up of National Institute of Securities Markets (2004), demutualisation of stock exchanges (2005), trading of currency derivatives (2008), establishment of IBBI (2016), insolvency profession (2016), corporate insolvency framework (2017), valuation profession (2018), Graduate Insolvency Programme (2019), individual insolvency framework (2019), resolution of financial service providers (2019), pre-packaged insolvency resolution (2021) and building institutions of markets (1994-2021). He has contributed to securities jurisprudence by way of disgorgement of illegal gains and consent settlement, the first of their kind in the country.
Dr. Sahoo has conceptualised, designed, and authored several publications, including Indian Securities Market-A Review, NSE Research Initiative, Stock Exchange Factbook, SEBI Bulletin, NSE News, and Insolvency and Bankruptcy News, and edited a professional journal, Chartered Secretary. He has promoted extensive use of technology in education and examinations starting with NSE’s Certification in Financial Markets, the first online examination system in the country in 2000, and then in Company Secretary Course, Limited Insolvency Examination, Valuation Examinations. He has built bridges for two-way transmission of learning between industry and professions and added to body of knowledge relating to regulation of financial markets. He has delivered talks at various national and international fora and written over 100 articles on markets and institutions.
Dr. Sahoo has been Chairman / Member of several expert committees. These include Chairman of the Committees (Sahoo Committee I, II and III) on Depository Receipts, Domestic and Overseas Capital Markets, and External Commercial Borrowing; Chairman of the Committee of Experts on Institutional Framework for Valuation Profession; Member of the Competition Law Review Committee; and Member of the Insolvency Law Committee, all of which influenced economic reforms and regulatory architecture.
Dr. Sahoo has served on Boards of several organisations, including Oriental Bank of Commerce, Management Development Institute, National Institute of Securities Markets, Indian Institute of Corporate Affairs, SEBI, CCI and IBBI.
Dr. Sahoo is a qualified Company Secretary and has post-graduation degrees in Economics, Law and Management. He obtained PhD in economics from Mumbai University.