Mumbai, March 16: Ratings agency Crisil today announced the appointment of Ashu Suyash as its next managing director and CEO.

Suyash will succeed Roopa Kudva, who has been the managing director and CEO since 2007. In September, Kudva had expressed her decision to step down and since then the S&P's subsidiary has been looking for a successor.

At present, Suyash is the CEO of L&T Investment Management Ltd. She moved to L&T following the acquisition of Fidelity Worldwide Investment's India asset management business by L&T Investment Management Ltd.

Under her leadership, the business of L&T Investment Management doubled in the past two years, with assets under management growing to over Rs 22,000 crore.

Suyash is also responsible for L&T Capital Markets, which is the wealth management arm of L&T Financial Services and has over Rs 6,500 crore of assets under management.

'I am delighted to welcome Ashu as the next MD & CEO of Crisil. Her strong professional track record in financial services and proven leadership skills will be of immense benefit to Crisil,' board chairman Douglas Peterson said.