MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
Prasad joined Warburg Pincus in 1998 and became managing director in 2002. He was based in Mumbai along with another India-focussed managing director, Rajesh Khanna. Prasad looked at investments in the consumer, industrial and general sectors and was legendary in the industry because of the Bharti deal. In 1999, while an associate at Warburg Pincus, Prasad identified the investment in Bharti Televentures which then went on to become one of the firmÆs most profitable investments worldwide.
It is speculated that Prasad will be launching a hedge fund which will also invest in private equity. The financial services space in India has seen considerable churn recently with available resources unable to meet the demands of firms wanting to set up shop or expand. The entrepreneurial bug infecting people such as Prasad is the newest pressure on human resources.
Before working for Warburg Pincus, Prasad was an engagement manager with McKinsey & Company, primarily working with financial institutions and technology companies in India, the US and South Africa. Prasad has also worked with Unilever in India. Prasad received an MBA from the Indian Institute of Management, Ahmedabad in 1992 and has an engineering undergraduate degree from the Indian Institute of Technology, Delhi.
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.