Sanjiv Aggarwal has been hired as chief executive officer of the National Investment and Infrastructure Fund Ltd., a sovereign-linked alternative asset manager based in Mumbai.
Aggarwal's appointment will be effective in February, and he will succeed Rajiv Dhar, who had served as NIIFL interim CEO since May.
The NIIFL manages about $5 billion in equity capital commitments across its four funds — its Master Fund, Fund of Funds, Strategic Opportunities Fund and India-Japan Fund.
"I am privileged to have the opportunity to guide NIIFL at such an exciting time in the company's journey with its unique positioning in India and its growth potential," Aggarwal said in a news release. "I am committed to building on NIIFL's strong track record and look forward to working with NIIFL's talented team to invest in India's very strong growth story and create value for our stakeholders."
Aggarwal had been responsible for private equity firm Actis' energy investments in Asia, including India. Actis officials couldn't immediately be reached for further information. Before that, Aggarwal worked at Citigroup and ANZ Investment Bank in the Indian energy and infrastructure sectors.
