Goldman head of Indian infrastructure quits

Akshaya Prasad has joined London-based Greater Pacific Capital as co-head of its Indian busines.

Akshaya Prasad, until recently the head of Goldman Sachs’ infrastructure investment group in India, has quit the firm and joined Greater Pacific Capital.

At Goldman, Prasad was a part of the senior team managing GS Infrastructure Partners I, a $6.5 billion global infrastructure fund. He had set up the bank's infrastructure business in India.

Prasad joins Greater Pacific’s Mumbai office as its co-head for India. His appointment reiterates the firm’s commitment to growing its Indian business, Ketan Patel, chief executive officer of Greater Pacific Capital, said in a statement.

The firm is focused on making investments in India and China. “Notwithstanding the global nature of the financial crisis, the business model for making unleveraged growth capital investments in India and China remains intact,” Prasad said.

Prasad has worked at Goldman Sachs for nine years. Prior to his role as the head of Goldman’s infrastructure business in India, Prasad was an executive director in its investment banking team based in London. In that role, he executed transactions across sectors such as oil, metals, banking, food and beverages and ports and shipping. Prasad quit Goldman at the end of February and has not been replaced, a company spokesman said.

Greater Pacific was founded by three ex-Goldman Sachs executives: Patel, Francis Crispino and Joe Sealy. The firm currently manages a $300 million private equity fund.

Greater Pacific did not respond to a request for comment.