Ascendas Property Fund Trustee names Sanjeev Dasgupta as CEO (designate)

He will be appointed as CEO on 11 July 2014, a day after the proposed Annual General Meeting of Ascendas India Trust.

Ascendas Property Fund Trustee (APFT) announced the appointment of Sanjeev Dasgupta as chief executive officer (designate).

Mr Dasgupta, 46, is also appointed as CEO (Designate) of India Funds by Ascendas with effect from 25 April 2014 and it is intended that he will be appointed as CEO, India Funds from 11 July 2014.

His key responsibilities in APFT include overseeing corporate development, finance, asset and investment management, and investor relations functions in managing Ascendas India Trust. Mr Dasgupta's responsibilities in India Funds relate to private funds with different investment mandates from that of Ascendas India Trust and which may complement the growth of Ascendas India Trust.

He joined APFT on 15 January 2014 as assistant CEO. Before this, he was president of Real Estate at ICICI Venture, where he was responsible for real estate private equity investments. The company is one of India's leading fund managers. The real estate funds under management were approximately USD 600 million. From 2005 to 2009, He was managing director of Future Capital Holdings. He managed investments for the real estate private equity funds of approximately USD 430 million. From 2004, he worked with Epicenter Technologies Pvt. Ltd. as CFO and with Essar Group.