Deep Gupta, a former managing director at Macquarie in India, has joined Investec, according to two sources familiar.

Gupta has been tasked with setting up the company’s infrastructure funds business in India, one of the sources said, adding that he will be based in Mumbai.

Investec is dual-headquartered, with principal offices in London and Sandton, South Africa. It is listed on the London and Johannesburg stock exchanges and is an international banking and wealth management group, providing products and services to a client base in Europe, Southern Africa, USA and the Asia-Pacific.

Prior to this, Gupta worked at Macquarie for 18 years, and was co-head of Southeast Asia and India at Macquarie Asset Management. He left the Australia-based investor late last year, Infralogic reported last November.

Gupta led acquisitions, management and exits from various investments across sectors, including transportation, energy and communications. He was a member of the investments team for the infrastructure funds at Macquarie Infrastructure and Real Assets, including the MAIF series.

Before Macquarie, he worked with the US-headquartered Strategic Decisions Group, where he provided counsel to companies in India.

Investec did not respond to a request for comment.