Bhandari to leave Morgan Stanley Infra

Gautam Bhandari is planning to step down as head of India for Morgan Stanley Infrastructure. He is said to remain with the company until a management transition is completed.

Gautam Bhandari has notified Morgan Stanley Infrastructure (MSI) that he is going to resign from his position as MSI head of Asia.

Infrastructure Investor has learned that his departure from Morgan Stanley, where he began working in 2005, is not imminent, and Bhandari is expected to remain to help MSI in its leadership transition.

Bhandari is leaving to go into business for himself, planning to open a fund company that will invest in infrastructure in India. MSI is manager to $4 billion, 7 percent of which is invested in the country.

A spokesman from MSI had no comment on the departure.

Bhandari joined Morgan Stanley in New York, focusing on engineering and construction. He joined the Wall Street firm after beginning his career with publicly traded ATMI.

His departure is the third recent exit from MSI. In December, Sadek Wahba, Morgan Stanley global head of infrastructure, stepped down and was replaced by three people: Markus Hottenrott, Anne Valentine Andrews and Jim Wilmott. 

Earlier this year, in February, Vincent Policard, who led MSI in its deal for Madrilena Red de Gas, the Spanish gas distributor, and investment in Eversholt Rail Group, the UK rolling stock leasing company, left.

Policard joined Kohlberg Kravis Roberts & Company as a director.