ROCKVILLE, Md. (August 5, 2019) — Institutional Shareholder Services Inc. (ISS), the leading provider of end-to-end governance and responsible investment solutions, market intelligence and fund services, and events and editorial content to the global financial community, today announced the appointment of Debanik Basu as Head of India Research. He will be based in Mumbai and report to Warren Chen, ISS’ Head of Asia (ex-Japan) Research.
Basu, who previously served as Group Head of Research at an India-based proxy advisory firm, will be responsible for supervising the preparation and publication of ISS’ proxy research on publicly traded companies in India.
“We are extremely pleased for Debanik to join the ISS Research team and look forward to leveraging his extensive market knowledge, skills, and experience for the benefit of our clients with portfolio holdings in India,” said Chen. “The Indian governance landscape has seen marked shifts in recent years and the addition of Debanik will help our clients navigate those complex changes.”
In his previous role, Basu led and mentored a team of analysts producing proxy research and related governance assessments and services. He was also instrumental in developing ESG assessment metrics for evaluating the efficacy and efficiency of the various sustainability initiatives of Indian companies. Basu has also published various thought-leadership pieces on critical governance issues that have appeared in leading Indian newspapers and business journals.
Prior to that, Basu worked for the Securities and Exchange Board of India (SEBI) where he conducted due diligence of M&A deals and corporate restructurings for Indian companies and developed proposals for policy matters on issues related to listed entities.
Basu holds an MBA in Finance & Strategy from the Indian Institute of Management, Indore.
“I am very excited to join ISS and its dynamic team in furtherance of its mission to help clients build for long-term and sustainable growth by providing high-quality research and voting recommendations,” said Basu. “As India research head, I look forward to working with a broad cross-section of capital market stakeholders to ensure our clients receive insightful, timely, and relevant research and analysis.”