Dr. Nair assumed charge as Director, NISM on 20th September 2021.
Dr. Nair was a Member of the Securities Appellate Tribunal (SAT) during 2016-21. Before joining the SAT, he was an officer of the Indian Economic Service for about 31 years and held various positions in the Government of India. These positions include Director [Commodity Derivatives Market], Director [Development Policy], Director [Capital Markets], Adviser [Capital Markets], Secretary [FSLRC] etc. In the Ministries of Food and Consumer Affairs, Planning Commission and Finance Ministry respectively.
He was involved in substantive policy-law-institutional reforms in the financial sector in various capacities. These include report of the Financial Sector Legislative Reforms Commission (FSLRC), Bankruptcy Law Reforms leading to the enactment of the “Insolvency and Bankruptcy Code, 2016”, reforming commodity derivatives market regulation culminating in the merger of the Forward Markets Commission with the Securities and Exchange Board of India and a modern monetary policy framework with a Monetary Policy Committee, culminating in necessary amendments to the Reserve Bank of India Act, 1934; to mention a few of such reforms.
Dr. Nair has a Ph.D. in Economics (Market Regulation) from the Jawaharlal Nehru University (JNU), New Delhi. He has a Masters in Development Economics from the University of East Anglia, UK and Masters and Bachelor’s degrees in Economics from the Kerala University.
He has been a member of several Committees/Working Groups/Task Forces dealing with various issues in the financial sector. He has also been writing articles on topical financial sector issues.
Dr. Nair started his career in 1983 as a lecturer of Economics.
Research & Publications