Sanjeev Kaushik, a 1992 batch IAS officer of the Kerala cadre, has taken over as the Executive Director of State-owned India Infrastructure Finance Company Ltd (IIFCL). An MBA in Finance from London Business School (UK) and Mechanical Engineer from BITS Pilani, Kaushik has worked for over a decade in Global Investment Banking on a sabbatical from the IAS. He was Managing Director and Head of Research at HSBC Securities, India and Managing Director of Equities at Lehman Brothers, India. Earlier he has also worked in London as an Equity Analyst at Bank of America Securities (Europe) and as Corporate Finance Manager at ING Barings (UK).
Prior to joining IIFCL, Kaushik was handling Financial Markets in the Department of Economic Affairs, Ministry of Finance, where he handled policy and regulatory matters relating to Capital Markets, Foreign Institutional Investment, Foreign Exchange Management and External Commercial Borrowing. He was Member Secretary of the Committee to Liberalise Depository Receipts, Member of the SEBI Committee on Harmonisation of Portfolio Flows and also of the SEBI Committee on Disclosure and Accounting.
Earlier he was Director, IMF, IFC and World Bank in the Ministry of Finance. Previous assignments in the IAS include Secretary of Kerala State for Ports, and Managing Director & CEO of the $2bn Vizhinjam International Seaport being set up in Kerala; Founding Director to establish the Indian Institute of Management, IIM at Calicut; and District Collector of Palghat district in the State of Kerala.