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Morgan Stanley India M&A Head Joins Alta Capital

Bloomberg logoBloomberg 4/12/2021 Baiju Kalesh
a sign in front of a building: A sign sits on the Morgan Stanley U.K. headquarters in the Canary Wharf, business, financial and shopping district of London, U.K., on Friday, Sept. 18, 2020. After a pause during lockdown, lenders from Citigroup Inc. to HSBC Holdings Plc have restarted cuts, taking gross losses announced this year to a combined 63,785 jobs, according to a Bloomberg analysis of filings. © Bloomberg A sign sits on the Morgan Stanley U.K. headquarters in the Canary Wharf, business, financial and shopping district of London, U.K., on Friday, Sept. 18, 2020. After a pause during lockdown, lenders from Citigroup Inc. to HSBC Holdings Plc have restarted cuts, taking gross losses announced this year to a combined 63,785 jobs, according to a Bloomberg analysis of filings.

(Bloomberg) -- Morgan Stanley’s head of mergers and acquisitions in India is leaving the U.S. bank as soon as the end of June to join a boutique real estate firm, according to people familiar with the matter.

S. Sundareswaran, a Mumbai-based managing director, will become a partner with Alta Capital, a property investment manager and adviser led by former Blackstone Group Inc. managing director Siddhartha Gupta, the people said, asking not to be identified as the information is private.

Sundareswaran’s new role will see him advising global investors who want to buy real estate assets directly in India, the people said.

Representatives for Alta Capital and Morgan Stanley declined to comment.

The executive spent 13 years with Morgan Stanley, joining from Kotak Mahindra Capital Co., according to his LinkedIn.

The Economic Times reported Sundareswaran’s departure earlier on Monday.

Morgan Stanley, with Sundareswaran on board, worked on the listings of Brookfield India Real Estate Trust, Embassy Office Parks REIT and Mindspace Business Parks REIT, according to data compiled by Bloomberg. The debuts came after more than a decade of efforts by regulators to allow and encourage REIT listings, culminating in the Blackstone-backed Embassy in 2019.

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