State Bank of India (SBI) and Macquarie Capital today announced today the appointment of Varun Bajpai as Chief Executive Officer and Praveen Gupta as Deputy Chief Executive Officer of their joint venture management company, SBI Macquarie Infrastructure Management (SMIM).
The company will manage a soon-to-be-established domestic fund, SBI Macquarie Infrastructure Trust, which will invest in infrastructure projects and companies in India after obtaining registration with the Securities and Exchange Board of India.
