Churn begins among senior-level executives in property funds

Even domestic fund managers have also seen a churn in recent weeks

With new funds being raised and new joint venture agreements signed by property fund managers, churn has begun among senior-level executives in both global and domestic real estate asset management firms. In the past one month, at least half a dozen senior executives have quit to join rivals or set up own ventures.

Chanakya Chakravarti, managing director, real estate acquisitions, JP Morgan Asset Management, has quit joining Ivanhoé Cambridge, the property investment arm of Canadian fund manager CDPQ, in a senior role, sources said. Chakravarti has over 20 years of experience in real estate and worked in firms like Actis, and