BWI: IDFC Announces Appointment of Chetan Dave as President and CEO of Real Estate Investments

Press release from Business Wire India
Source: Infrastructure Development Finance Company Limited
Wednesday, June 09, 2010 04:59 PM IST (11:29 AM GMT)
Editors: General: People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Construction, Real estate
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IDFC Announces Appointment of Chetan Dave as President and CEO of Real Estate Investments


Mumbai, Maharashtra, India, Wednesday, June 09, 2010 -- (Business Wire India) -- IDFC announced today the appointment of Chetan Dave as President & CEO of Real Estate Investments. In this role Mr. Dave will be responsible for building & developing a portfolio of infrastructure focused real estate assets and a real estate private equity funds management business. Mr. Dave will also serve on IDFC's Management Committee. The appointment is effective immediately.

Announcing the appointment, Dr. Rajiv Lall, MD&CEO IDFC said- " We are very pleased to welcome Chetan Dave as a member of IDFC's leadership team. Chetan brings a wealth of experience, and an impressive track record in the sector. He is ideally placed to drive our efforts in building and leading our Real Estate Investments business."

Mr. Dave brings over 19 years of experience in the real estate sector spanning private equity, investments, development and design. Prior to joining IDFC, he was the founding Managing Director & CEO of Sun Apollo Real Estate Advisors, the largest real estate private equity fund in India at the time. In his role he was responsible for raising the fund and establishing the business in India.

Prior to founding Sun Apollo, Chetan Dave held the position as the Chief Investment Officer at the Houston based Transwestern where he was leading a national principal investment and development business. Earlier, he was a Principal with JPMorgan Parters in New York for seven years focusing on private equity and real estate investments throughout United States. He also served on the Investment Committee of Peabody Global Real Estate Fund. Prior to joining the financial services sector, Chetan Dave was a practicing architect for several years and designed numerous commercial and institutional projects in eastern United States. He has served as a Board member of several investee companies. He is a member of Urban Land Institute, Member of the Board of Trustees of American School of Bombay, past member of American Institute of Architects, Pension Real Estate Association and Executive Committee, ULI Houston District Council.

About IDFC Ltd.

Infrastructure Development Finance Company Limited (IDFC) is India's premier financial services institution focused on infrastructure. It was set up in 1997 by the Government of India as a financier and catalyst for private sector's involvement in infrastructure development in India. For over 12 years, since the company's initial public offering in 2005, IDFC has evolved into a 'one stop shop' for infrastructure finance in India, meeting the complex and ambitious requirements of an expanding client base.

IDFC's strategy involves all parts of the value chain of infrastructure, providing a differentiated value proposition to its clients. IDFC's domain expertise in infrastructure combined with product breadth - project financing, investment banking and asset management enables it to provide creative solutions to its clients. IDFC has strong relationships with the private sector and government enabling it to provide objective advice and facilitate public-private partnerships in infrastructure. IDFC Foundation helps train government officials on public-private partnerships, provides advice on infrastructure policy and governance issues and on sustainable development strategies.

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Chetan Dave
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CONTACT DETAILS
Parminder Panesar, Infrastructure Development Finance Company Limited, +91 9987012340, parminder.panesar@idfc.com
Etienne Marques, Repute Public Affairs & CSR Solutions, +91 9920243354, etienne.m@reputesolutions.com

KEYWORDS
PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, CONSTRUCTION, REAL ESTATE

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