Leading management consultant named CEO of Indian operations for Ascendas-Singbridge

02 March 2018 Consultancy.in 3 min. read
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Singapore-based Urban and Business space solutions firm Ascendas-Singbridge has named a new CEO for its India operations in the form of Vinamra Srivastava. The former Principal at Roland Berger is currently the Head of Group Corporate Strategy & Development at Ascendas-Singbridge, and will take over from incumbent India CEO Sanjay Dutt. 

With assets under management of more than $20 billion, the Ascendas Singbridge Group is among the leading urban development solutions firms in Asia, differentiating itself with an emphasis on sustainability. The firm is jointly owned by Temsek Holdings and JTC Corporation, and is active in 28 cities, spanning Australia, China, India, Indonesia, Singapore and South Korea.

In India, the firm holds an impressive asset-portfolio, currently stretching across 13 million square feet and valued at $1.7 billion. Since mid-2016, the firm’s India operations have been under the leadership of Sanjay Dutt, who is a former Managing Director at property consultancy Cushman and Wakefield. Presented with other opportunities, Dutt is now set to depart from the firm.

As his replacement, Ascendas-Singbridge has chosen Vinamra Srivastava, a highly accomplished consultant with experience in some of the world’s leading consulting firms. Srivastava completed an MBA a decade ago from the Indian Institute of Management in Ahmedabad; regarded as the most prestigious business school in India.Vinamra Srivastava, CEO - Ascendas Singbridge

Since then, Srivastava’s career went from strength to strength, starting as a QA Engineer at the Parametric Technology Corporation, following which he worked as a Summer Associate for global management consultancy The Boston Consulting Group (BCG).

A year later, Srivastava joined global consulting firm Arthur D. Little, where he spent 3 years, eventually being appointed a Senior Consultant. He then entered the management level, as a Strategy Consulting Manager for smart cities at Cisco Sytems in Singapore, where he spent a brief six-month spell.

Now based in Singapore, Srivastava joined Roland Berger’s practice in the country, where he spent four years and ended up as Principal at the firm. Since October 2015, Srivastava has been the Vice President and head of Corporate Strategy at Ascendas-Singbridge, and is now set for a significant promotion to the CEO of the firm’s India operations.

The firm can expect substantial business in India, given that the country is home to some of the globe’s top cities to establish commercial operations in, and the firm specialises in designing commercial office space. In addition, many of India’s big cities, as well as smaller urban centres, are due for considerable growth in the commercial real estate space, spanning a range of sectors.

Commenting on Srivastava’s appointment, CEO of Ascendas-Singbridge, Miguel Ko said, “Srivastava 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.”