The Caisse de dépôt et placement du Québec’s real estate arm, Ivanhoé Cambridge, has appointed Chanakya Chakravarti as managing director of India, growth markets, effective Jan. 8, 2018.

In the role, Chakravarti will be responsible for implementing investment and asset management strategies in India. With more than 27 years of experience, including 20 years in real estate advisory, investment and development in India and sub-Saharan Africa, Chakravarti was previously managing director of global alternatives, real estate Asia at JP Morgan Chase and Co. in Mumbai.

Read: Ivanhoé Cambridge forms partnership for investment in Indian logistics facilities

From 2007 to 2011, he worked for Actis Capital LLP, first as managing director and then as chief executive officer of BlueLife Ltd., an Actis subsidiary. Before that, he was joint managing director and country manager at Cushman & Wakefield in India.

“I am very pleased to welcome Chanakya to our team at an important time for our growth in India,” said Rita-Rose Gagné, president of growth markets at Ivanhoé Cambridge, in a news release. “We aim to deploy capital strategically in new investment opportunities alongside our partners Piramal and LOGOS and to develop new strategic partnerships in the country.”

Read: Ivanhoé Cambridge invests $330M in Indian real estate

Copyright © 2017 Transcontinental Media G.P. Originally published on benefitscanada.com

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