The Everstone Group on Wednesday said it has appointed Alok Oberoi, former partner at Goldman Sachs, as executive chairman in the private equity and real estate investors' latest attempt to beef up its top management.
In his role, Oberoi will be responsible to drive the group's overall strategy and governance, Everstone said in a statement. He will relocate to Singapore and work closely with Sameer Sain, co-founder and CEO at Everstone Group.
Oberoi has been a shareholder of Everstone and has served as a director and an active member of its various investment committees, the statement added.
“I have been actively associated with Everstone since it’s very inception and so this new role seems like a natural progression," said Oberoi, who is an alumnus of Cornell University.
Oberoi spent over 14 years at Goldman Sachs where he was appointed General Partner in 1996. After his stint at the US-based financial institution, he co-founded the London-based multi-family office and wealth management business ACPI from which he has exited.
In 2014, Everstone appointed L Brooks Entwistle, another Goldman Sachs executive, as a partner and group CEO. This year, Everstone has made other senior-level appointments as well.
Just last month, it appointed Vibhor Kumar Talreja as a managing director to lead the private equity firm's financial services sector.
In April, Everstone appointed Suneel Kaji as a managing director at its New York office.
The following month, Everstone roped in Suresh Vaswani, a former top executive at IT giants including IBM, Dell, and Wipro, to boost its play in the technology sector.
Everstone was founded in 2006. Its existing offices are located in Singapore, Mumbai, Delhi, Bengaluru, Mauritius, New York, and London. The firm currently has over $5 billion in assets under management.