Former Kotak Investment Ex. Dir. Likely to Join Morgan Stanley Real Estate India Operations
Leading global investment banking firm Morgan Stanley may soon take on board Shailendra Sabhnani as the new Head of Real Estate for its India operations. Sabhnani is currently Executive Director and Head of Real Estate at Kotak Investment Banking. A chartered accountant, he has worked with the domestic investment bank for more than 13 years and has had previous stints at Edelweiss Capital, UTI Securities and RSM & Co. Shailendra Sabhnani has resigned and is likely to join Morgan Stanley post the completion of his notice period at Kotak Investment Banking. He has worked on several major real estate issuances in the last 3 years. The plan is for him to take over the role of S Sundareswaran who has exited and used to earlier lead the real estate vertical at Morgan Stanley. To be sure, in the last few years, Kotak Investment Banking has worked on real estate deals like the Embassy Office Parks REIT IPO, the Mindspace Office Parks REIT IPO promoted by Blackstone and K Raheja Corp, the Brookfield REIT IPO and the Embassy Tech Village acquisition by Embassy Office Parks REIT. Rival Morgan Stanley has also been very active in this burgeoning segment.
Tags : News/Views Real Estate REIT IPO India Deals Morgan Stanley Operations Former Shailendra Sabhnani Mindspace Office Parks Kotak Investment Banking