SBI Macquarie Infrastructure Management SMIM has appointed Varun Bajpai chief executive officer and Praveen Gupta deputy CEO.
India's largest bank, the State Bank of India, and Australia's Macquarie Capital have jointly set up SMIM, which will manage a domestic fund by the name of SBI Macquarie Infrastructure Trust that is yet to be established. After it is formed, the fund intends to seek registration with India's capital markets regulator, the Securities and Exchange Board of India. The fund will invest in infrastructure projects and companies.
Bajpai is currently a senior managing director at Macquarie Capital. He was earlier the head of the corporate advisory team for Macquarie Capital in India...
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