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2015-03-19

CRISIL appoints Ashu Suyash as next Managing Director and Chief Executive Officer

Previously, Suyash was Managing Director and Country Head - India for Fidelity\'s asset management business.

CRISIL today announced that Ashu Suyash will be the next Managing Director & Chief Executive
Officer of CRISIL. Suyash has over 26 years of experience in the Indian financial services industry. She moved to her current role as CEO of L&T Investment Management Limited, following the acquisition of Fidelity Worldwide Investment's India Asset Management business by L&T Investment Management Limited.

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 Limited, which is the wealth management arm of L&T Financial Services and has over Rs 6,500 crore of assets under service.

Previously, Suyash was Managing Director and Country Head - India for Fidelity's asset management business, which she helped set up in 2004. Before joining Fidelity, 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.

Commenting on the appointment, Douglas Peterson, Chairman of the Board, CRISIL said: "I am delighted to welcome Ashu as the next Managing Director & CEO of CRISIL. 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."

Suyash 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 will join CRISIL on June 1, 2015.

Suyash succeeds Roopa Kudva, who has been the Managing Director & CEO of CRISIL since 2007. Peterson stated, "Roopa has provided excellent leadership to CRISIL, presided over a period of remarkable growth and success and earned a reputation as one of the most respected business leaders in India. The Board of Directors would like to thank her for her many important contributions in building a strong global analytical company with a respected voice in India's financial markets, and also for her support in ensuring a smooth succession. We wish her all the best in the future."

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