Former UBS MD Rai joins General Atlantic

BANGALORE: General Atlantic LLC (GA), a global private equity firm, today announced that Raul R. Rai has joined the firm as a Principal based in GA's Mumbai office.

This appointment has come in the wake of GA's plan to expand its global team of nearly 70 investment professionals. It has so far invested nearly $500 million in India.

Prior to joining GA, Rai had been managing director and global co-head of Software Technology Investment Banking at UBS Investment Bank. From 1996 to 2000, he was with Goldman Sachs in New York and London, ultimately as Vice President in the Communications, Media & Technology group. From 2000 to 2002, he was corporate strategy and planning director of Vizzavi Ltd., a London-based joint venture between Vodafone and Vivendi.

Rai received his MBA from Harvard Business School in 1996, where he graduated as a Baker Scholar, and he graduated in Computer Science and Economics from Boston University in 1991.

GA opened its office in Mumbai in 2002. Its investments in India include Patni, Genpact, Jubilant and Daksh (sold to IBM in 2004).