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Tuesday, September 11, 2007

RREEF, Deutsche Bank’s property fund management company, has appointed ICICI Venture veteran Kishore Gotety as country head

RREEF is one of the largest real estate investment managers in the world. It is widely expected that Gotety will spearhead the firm’s expansion in India, using his past experience to help the firm deploy funds in both real estate and infrastructure investments. Gotety is expected to join RREEF shortly.

RREEF is jointly owned by Deutsche Bank and DB RREEF Trust. It has a strategic partnership with Deutsche Bank's global real estate investment division, RREEF, which globally manages over $73 billion worth of assets.

RREEF comprises four businesses: real estate, infrastructure, private equity and hedge funds. RREEF real estate invests in commercial and residential property and real estate securities on behalf of institutional and private clients worldwide. It has more than €56.9 billion ($77 billion) in assets under management as of June 30 2007 and is part of the global alternative investment management business of Deutsche Bank’s asset management division.

Gotety is currently with the ICICI group’s private equity firm, ICICI Venture, which manages in excess of $2 billion across private equity, buyouts, real estate and mezzanine financing. (Mr.Prakash Gurbaxani, founder and CEO of B, first venture funded real estate company of India, was the CEO of ICICI Venture!) He is an old hand at ICICI and has worked with companies across the group since 1993.

RREEF lures ICICI veteran to head India business - General News - FinanceAsia.com - The network for financial decision makers

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