Shri Padmanabhan Raja Jaishankar assumes charge as Managing Director IIFCL

New Delhi: Shri Padmanabhan Raja Jaishankar, Executive Director (ED), National Housing Bank (NHB) has been appointed as Managing Director (MD), India Infrastructure Finance Company Limited for a period of 3 years.

 

Mr. Jaishankar brings with him a rich experience of over 32 years in Development Banking and Financial domains, handling Top Management and Board Level roles in the Infrastructure, Mortgage Finance and Capital Markets sectors. He has served as Director & CEO IIFCL Projects Ltd (IPL); Chairman (Board of Trustee) of IIFCL Asset Management Company Limited (IAMCL), Director, IFCI Factors Ltd and Chief General Manager, IIFCL. He was in the Board of India Mortgage Credit Guarantee Corporation (IMGC). He had also served in various positions in the NHB and Housing and Urban Development Corporation Limited.

 

He has headed Infrastructure and Housing Project Financing, led the development of New and Innovative Financial Products in India. These include Structuring the first-ever Mortgage Backed Securitization transaction, Takeout Finance, Credit Enhancement, Subordinate debt, Reverse Mortgages, First PPP Housing Project, etc. He has also handled Project Transaction, Debt Syndication and Financial Advisory Services, chaired IIFCL’s Infrastructure Development Funds (Mutual Funds) and other related initiatives. He was also actively engaged in assisting the Government in its various Committees on Sectoral Policies, which incudes leading the initiative for formation of the First dedicated Credit Enhancement Company for the infrastructure sector on behalf of IIFCL, pursuant to an announcement in the Union Budget. Mr. Jaishankar holds a Masters Degree in Technology (M.Tech) from the Indian Institute of Technology (IIT), Delhi; is an MBA (Finance) from the Faculty of Management Studies (FMS), Delhi University.