Varun Bajpai and Praveen Gupta to lead SBI Macquarie venture
The State Bank of India and Macquarie have appointed Varun Bajpai and Praveen Gupta to senior management positions in their soon-to-be-established India infrastructure fund.
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…
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