GIC Appoints Kishore Gotety As Head Of India Real Estate

The Government of Singapore Investment Corporation (GIC) has appointed Kishore Gotety, who was with RREEF, as country head for India real estate.

Gotety was earlier with RREEF Alternative Investments, the global alternative investments business of Deutsche Bank’s asset management division.

Below is his past work experince.
1. RREEF Global Opportunistic Investments, the global alternative investments business of Deutsche Bank’s asset management division (September 2009 — July 2010) as Regional Head of Portfolio Management, Asia Pacific RREEF Global Opportunistic Investments.

2. RREEF India Advisors (Sep'07 to Sep'09) as Country Head.

3. ICICI Venture Funds Management Company Limited (Sep'01 to Sep'07) as Director Investments, Head: Real Estate

4. ICICI Securities (Apr'00 to Aug'01) as Sr Vice President & Head - Investment Banking Services and Equity Capital Markets.

5. ICICI Bank (Mar'97 to Mar'00) as Head - Structured Finance Syndication

6. ICICI Securities (June'93 to Mar'97) as Manager - Investment Banking and Capital Markets.

In January 2008 Gotety closed the first real estate deal for RREEF in India, a $70 million investment in Golden Gate Properties. But the credit crisis caused RREEF to take a pause in its India investments and consequently Gotety was transferred to Hong Kong last year as head of portfolio management for Asia-Pacific in RREEF’s global opportunistic investments team.

In ICICI Venture, he closed more than 10 real estate investments for ICICI Venture.

He is an MBA from JBIMS and also a Cost and Works Accountant (CWA)

Gotety is the most recent in a series of high-level departures from RREEF in Asia. Early this year, Hong Kong-based CIO Mark Fogle, who had been with RREEF since 2007, left to become CEO of investment fund, Amur Capital Partners.

At the same time, Brian Chinappi, a RREEF veteran who had been with RREEF since 1999 and who was head of acquisitions for Asia ex-Japan, left to join Standard Chartered as global head of real estate investment.
Singapore-headquartered GIC, which manages in excess of $100 billion and which has plans to spread its real estate investments across the globe had last announced that it intended to increase its allocation to real estate, expecailly in Asia and thus was looking a person for its investment in India.

Reference: FinanceAsia

Previous Article

Mukand Sells Thane Plot To Vodafone Essar For Rs 42.5 Cr

Next Article

LIC To Invest R125 Cr in Dena Bank For 5% Stake