Akshaya Prasad, the infrastructure head of financial services bigwig Goldman Sachs, has resigned after his nine-year stint at the company. He has joined private equity firm Greater Pacific Capital, where he has been appointed the co-head of Greater Pacific's India business.

Prasad, who had spent his tenure at Goldman Sachs in London and Mumbai offices, was a part of the senior group that handled the $6.5 billion Infrastructure Fund of Goldman Sachs. He also contributed largely to the establishment of Goldman's infrastructure investment business in India.

The change-over move by Prasad is rather interesting, as Greater Pacific Capital - which has invested in Indian and Chinese firms - was established by ex-bankers of Goldman Sachs. The company acquired a 14.9 percent equity stake in software company Mascon; and a 20 percent stake in brokerage firm Edelweiss Capital.

Talking about his move, Prasad said that the global impact of the economic downturn notwithstanding, the business model of Greater Pacific for making unleveraged growth capital investments in India and China remains unharmed.

Hailing Prasad's decision to join Greater Pacific, the company Chief Executive Ketan Patel said: "Akshaya's appointment strengthens our team and reiterates our commitment to growing the business in India. His investment banking and private equity background, along with his global network of relationships, will be a great asset to Greater Pacific as well as our investee companies."