MONTREAL and MUMBAI, India, Nov. 6, 2017 /CNW Telbec/ - Ivanhoé Cambridge announces today the appointment of Chanakya Chakravarti as Managing Director, India, Growth Markets.
"I am very pleased to welcome Chanakya to our team at an important time for our growth in India," said Rita-Rose Gagné, President, Growth Markets, Ivanhoé Cambridge. "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."
Mr. Chakravarti is mainly responsible for implementing investment and asset management strategies in India and will report to Ms. Gagné. His appointment is effective January 8, 2018. He will be based in Mumbai and will be supported by a dedicated team.
Biographical notes – Chanakya Chakravarti
Chanakya Chakravarti is a seasoned manager with more than 27 years of experience, including over 20 years in real estate advisory, investment and development in India and sub-Saharan Africa.
Before joining Ivanhoé Cambridge, he was Managing Director, Global Alternatives, Real Estate Asia, at JPMorgan Chase in Mumbai. From 2007 to 2011, he worked for Actis Capital LLP, first as Managing Director and then as Chief Executive Officer of BlueLife, an Actis portfolio company. Before that, he was Joint Managing Director and Country Manager at Cushman & Wakefield India for four years during his eight year tenure.
Chanakya holds a Bachelor of Commerce (accounting and economics) from Sydenham College of Commerce and Economics, affiliated with the University of Mumbai. He speaks fluent English, Hindi and Bengali.
About Ivanhoé Cambridge
Ivanhoé Cambridge, a global real estate industry leader, invests in high-quality properties and real estate companies in select cities around the world. It does so prudently, with a long-term view to generate optimal, risk-adjusted returns. Founded in Quebec in 1953, Ivanhoé Cambridge has built a vertically integrated business across Canada. Internationally, the Company invests alongside key partners and major real estate funds that are leaders in their respective markets. Through subsidiaries and partnerships, Ivanhoé Cambridge holds interests in nearly 800 buildings, primarily in the residential, office, retail and logistics real estate sectors. Ivanhoé Cambridge held approximately C$56 billion in assets as at December 31, 2016. The Company is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), one of Canada's leading institutional fund managers. For more information: ivanhoecambridge.com.
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