YES Bank's MD, private equity, quits

Vivek Mehra, managing director, private equity and investment banking at YES Bank, quit early this month. He Mehra has joined as managing director-India at Aloe Private Equity.

Mauritius-based Aloe PE focuses on Asia, with investment plans in the areas of clean technologies and waste management. Mehra joined YES Bank in 2007 to head its PE activities. Under his leadership, the bank had planned to raise various sector-specific funds, with an overall corpus of $1-1.5 billion.The areas were infrastructure, clean energy, life sciences, food and agriculture, special situations and real estate. It is not known how much money has been raised so far.

Under Mehra’s leadership, it also launched a $200-million South Asia Clean Energy Fund, in collaboration with the Global Environment Fund, USA.

Prior to joining YES, he was regional treasurer & head of structured finance of the VA TECH Group for South Asia. He was also with Standard Chartered Bank and JM Financial Services.