BII has appointed former UK govt-backed Neev Funds Executive Manav Bansal
- ByStartupStory | July 5, 2022
Manav Bansal, the former managing director of the UK government-supported Neev Funds, has been selected as the new managing director and head of India for British International Investment (BII), a UK-based development financing firm. According to a statement from the business, Bansal will supervise the DFI’s $3 billion investment plan over the following five years and further expand BII’s presence across India.
Bansal, a civil engineer with an MBA, has over 20 years of expertise in investment banking and private equity investing in the infrastructure, healthcare, and technology industries. He has held a number of top positions at KPMG and PwC, where he oversaw projects for business advising, international M&A, and policy advisory to governments, including India.
“I look forward to working with the BII team to build on the foundations that have been laid and drive its strategic vision forward in India. We will support key economic sectors and unlock the potential in local businesses for long-term growth that benefits not only communities but also the planet,” said Bansal.
According to Srini Nagarajan, MD and head of Asia ops, British International Investment, “The depth and breadth of Manav’s experience will reinforce BII’s desire to increase its effect in India, thus we are happy to have him on board.his leadership will be crucial in carrying out our new five-year strategy and ensuring that our investments in crucial fields like climate change and early-stage businesses continue to deliver productive, sustainable, and inclusive impact over the long term in India.”
Over the past six months, the British investment firm has aggressively changed its senior management. Satish Chavva of the Oman India Joint Investment Fund was appointed by the BII in April to head up its direct private equity business for south Asia. Abhinav Sinha, a managing director and the head of technology and telecom for India, was one of four new managing directors that the BII named in February.
In India during the next five years, BII plans to contribute up to $1 billion in climate investment, as of last year. CDC has contributed more than $1 billion to climate finance in South Asia and Africa over the past four years. The investment firm, which was founded in 1948 as CDC but changed its name to BII in April 2022, has added Southeast Asia and the larger Indo-Pacific region as its new priority regions for commercial expansion.
Follow Startup Story
Related Posts
