Singapore developers Ascendas-Singbridge name new CEO for India

The Singaporean state-owned urban development firm Ascendas-Singbridge has named Vinamra Srivastava its new CEO for India Operations and Private Funds, effective from the start of next month.

Srivastava, a ten-year consulting expert with stints at Roland Berger and Arthur D. Little under his belt, will be tasked with overseeing Ascendas-Singbridge’s development and strategic planning operations in India, where the firm currently holds property assets in excess of S$2 billion – of S$20 billion in total across Asia.

Jointly owned by the Singaporean sovereign wealth fund Temasek Holdings and state-owned real estate development company JTC, Ascendas-Singbridge carries out urbansisation projects spanning townships, mixed-use developments and business and industrial parks in nine countries across the Asia Pacific, including Singapore, Australia, China, Indonesia, South Korea and India – where through its heritage the firm has been active for over two decades.

Currently acting as its vice president and head of corporate strategy, Srivastava joined Ascendas-Singbridge in 2015 after a four-year term at the Singaporean office of global strategy consulting firm Roland Berger, where he was a Principal, and a prior stint as a Strategy Consulting Manager – Smart Cities for Cisco. Previous to Cisco, Srivastava served as a Senior Consultant at Arthur D. Little in Singapore, before which he got his feet wet as a Summer Associate at strategy giants BCG.Srivastava, who will return to his hometown of Mumbai, will take over the role from outgoing India CEO Sanjay Dutt – a long-term figure in the real estate consulting sector speculated to be joining Tata’s property development arm. Srivastava will helm a local portfolio punctuated by a series of technology parks built and developed by the firm spanning the cities of Bangalore, Chennai, Hyderabad, Gurgaon and Pune. 

“We take great pleasure in welcoming Vinamra to his new position as CEO of Ascendas-Singbridge’s India operations and private funds,” Ascendas-Singbridge group CEO Miguel Ko said of the appointment, noting Srivastava’s successful contribution to the firm’s post-merger integration process and role in setting up the firm’s new logistics business in India.

“He has played a key leadership role to develop the India strategy for Ascendas-Singbridge and ensure consistent strategy execution across investment, development, operations and asset management. With his cross border consultancy experience and deep knowledge of Ascendas-Singbridge’s strategy, we are confident that he will lead Ascendas-Singbridge’s India operations and private funds to its next phase of growth.”