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Prakash Gurbaxani Quits TSI Ventures; Kok Huat Goh Interim CEO
Thu, 01/18/2007 - 18:47 — Sahad P VPrakash Gurbaxani has quit TSI Ventures Private Ltd, a real estate fund formed by Tishman Speyer and ICICI Venture. It's not known where Gurbaxani is headed, but Tishman has got an interim CEO. Kok Huat Goh, Managing Director, in the emerging group at Tishman Speyer, would stand in as interim CEO.
Goh was earlier with the Ascendas Group of companies. Prior to joining Tishman, Gurbaxani was the CEO of BPO Transworks, which he quit in August 2005. He was also the founder and former CEO of Bangalore-headquartered BPO 24/7 Customer.com.
Comments
There is a buzz in the grapevine that 10-15 people from TSI Ventures are in a move to quit TSI Ventures.
It will be difficult for the venture to survive in India without Prakash Gurbaxani. I am sure they will shut down the India operations soon.
Surprised to know Mr. Gurbaxani quits TSI. Intetrested to know where he is heading to...all the very best to this successful industry veteran...
RED HOT REAL ESTATE market will keep attrition high in the institutional RE money management business. Would be interesting to know where Prakash is headed ??
Watching this one closely.
Its likely they will hire another NRI to run the fund.
If the fund closes, will ICI and TS invest in another fund as investors rather than fund managers?