Neelkanth Mishra, who was serving as Chief Economist at Axis Bank, was appointed India's Executive Director at the World Bank.
APPOINTMENT DETAILS
Mishra is Chief Economist at Axis Bank and Head of Global Research at Axis Capital; before joining the Axis Group in 2023 he spent nearly two decades at Credit Suisse, where he rose to Managing Director and Co-Head of Equity Strategy for Asia-Pacific.
As Executive Director, Mishra will represent a constituency comprising India, Bangladesh, Bhutan and Sri Lanka on the World Bank's board.
He is also a part-time member of the Economic Advisory Council to the Prime Minister (EAC-PM).
SUCCESSION
The Hindu Business Line reported the appointment and noted Mishra's current role at Axis Bank. The Appointments Committee of the Cabinet approved the appointment on 4 June for a three-year term from the date he assumes charge; Mishra succeeds Parameswaran Iyer, who has held the post since February 2023 and whose tenure was extended beyond 19 June until Mishra joins.
Sources: The Hindu BusinessLine; ThePrint (PTI); Fortune India