The National Investment and Infrastructure Fund (NIIF), seen as India’s quasi-sovereign fund, has hired Shagoofa Rashid Khan as Group General Counsel and Head of Corporate Affairs.
Khan, who joins NIIF’s Mumbai office, will help strengthen NIIF’s legal and corporate affairs practice, the fund said Monday.
Khan is at least the second senior-level executive to join NIIF within five months. In May, Padmanabh (Paddy) Sinha joined NIIF as executive director and chief investment officer for private equity. Sinha was formerly managing partner at Tata Opportunities Fund, one of the private equity funds run by the Tata Group.
In addition, NIIF had hired one principal each for its fund-of-funds business and for Strategic Opportunities Fund, a direct growth-stage investment vehicle. It recruited Krupa Shankar from German development finance institution DEG for the fund-of-funds wing and hired Gordon D’Souza in the Strategic Opportunities Fund from Bahrain-based Investcorp.
Khan has more than two decades of experience in acquisitions, joint ventures, corporate and commercial laws, compliance and ethics advisory. She was previously a partner with Cyril Amarchand Mangaldas, one of India’s biggest law firms, where she led the investment funds practice and specialised in PE investments in infrastructure, real estate and financial services sectors.
Prior to Cyril Amarchand, Khan worked with private equity firm IDFC Alternatives as well as Tata and Kotak groups. She started her law career with Nishith Desai Associates and went on to head the real estate funds and international tax policy practices.