Reported by: banking|Updated: July 31, 2020
Rating agency ICRA has a new Managing Director and Group CEO. The agency’s board announced it has appointed N Sivaraman to the position and said he will drive ICRA Group’s business strategy and innovation, build organizational capabilities, nurture ICRA’s strong culture of analytical excellence, strengthen the independence and objectivity of ICRA’s ratings and enhance the company’s thought leadership. Sivaraman will join ICRA on 10 August. He brings a deep understanding of strategy, business planning, organization building, capital raising, mergers and acquisitions and investor relations. He has had a 34-year career at L&T, where he held senior positions including President & Wholetime Director of L&T Finance Holdings, which he established as a leading name in financial services within a relatively short span of 10 years. In December 2018, he was appointed Chief Operating Officer at IL&FS with responsibilities for asset monetization and creditor engagement and loan restructuring by the government-constituted Board to help turn the company around.