Saurabh Agarwal appointed as Managing Director for CDPQ in India
DELHI, India, March 22, 2022 /PRNewswire/ — Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announces that Saurabh Agarwal has been appointed as the Managing Director for CDPQ in India.
Mr. Agarwal, who has been in charge of CDPQ’s infrastructure activities in South Asia since March 2017, will also be the Managing Director of the Delhi office and will take an active role in positioning CDPQ as a partner of choice across all asset classes – while representing the organization in the financial and business community, as well as with key stakeholders including the government and regulators.
In addition, Kenneth Juster, former Ambassador of United States to India, was recently hired as a Senior Advisor and will play an influential role as CDPQ continues to evaluate opportunities in India.
“We’re thrilled that Saurabh has accepted this new role – and are excited about the prospects we see in India. Since opening our Delhi office in 2016, we have made investments across a number of strategic sectors including renewable energy, roads and technology”, said Marc-André Blanchard, EVP, Head of CDPQ Global and Global Head of Sustainability. “We are confident that Saurabh and Ken will continue to build relationships with our partners to enable our growth in the market.”
“India is at an inflection point for sustainable growth in the coming decade. I am excited to have the opportunity to play an important role in building CDPQ’s presence in India at this time,” said Saurabh Agarwal, Managing Director, India. “CDPQ is a leading global investor and I look forward to bringing our constructive capital approach in our investments while addressing critical issues we are facing– most notably the climate change.”
With over $7bn of investments in India, CDPQ have made a number of significant transactions with leading partners, including Apraava Energy (previously, CLP India), Azure Power, Maple Highways, Kotak, Mahindra and Piramal Enterprises.
About Saurabh Agarwal
Mr. Agarwal has over 21 years of experience in the investment and technology sectors. Before joining CDPQ in 2017, he spent close to a decade at Morgan Stanley, most recently as Executive Director at Morgan Stanley Infrastructure Partners (MSIP), a global infrastructure fund, playing a key role in evaluating, acquiring and managing investments in various types of infrastructure, including thermal, gas, wind, hydroelectricity and roads. He also spent two years in Corporate Finance and Investment Banking Services at Morgan Stanley in Singapore, where he provided expert advice to large clients in the energy sector. Prior to this, he was a scientific researcher in supercomputer technology at IBM Research Labs and the Wipro Global R&D Center.
Mr. Agarwal holds an MBA in Finance from the University of Michigan, a Master of Computer Science from Pennsylvania State University and a Bachelor of Computer Science and Engineering from India’s National Institute of Technology, Rourkela. He serves as a non-executive director (NED) on the boards of directors of Apprava Energy (previously called CLP India), a company in the utilities sector, as well as Maple Infra InvIT Investment Manager Private Limited and Maple Highway Project Management Private Limited, companies active in India’s road and highway sectors. He previously served as NED on the boards of directors of several of MSIP’s investee companies.
About CDPQ
At Caisse de dépôt et placement du Québec (CDPQ), we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public retirement and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2021, CDPQ’s net assets totalled CAD 419.8 billion. For more information, visit cdpq.com, follow us on Twitter or consult our Facebook or LinkedIn pages.
Media contact: Conrad Harrington, +1 514 847-5493, [email protected]
