Wall Street Executive, 49, Killed by Tiger Shark During Costa Rica Vacation

A New York equity executive was mauled by a tiger shark last week while scuba diving off the coast of Costa Rica with friends, officials have announced.

Rohina Bhandari, a 49-year-old director at a New York City private equity firm, died on Thursday when a tiger shark attacked the group on Cocos Island National Park, hundreds of miles off the coast, Costa Rica’s Ministry of Environment and Energy announced in a statement on Friday.

She suffered “strong lacerations” to both her legs, officials added. The statement only identified Bhandari using her last name.

“Rohina was kind, gentle and full of grace. She was also fun, we laughed a lot,” Bhandari’s friend, Silvia Francescon, tells PEOPLE, adding that she was in “total shock” when she first got the news. “I was devastated not only by her death, but about how it happened.”

Bhandari was heading to the surface at the Manuelita dive site when her diving guide noticed the shark, the Washington Post reports. The guide, identified in the statement only Jiménez, unsuccessfully tried to scare the shark away. Jiménez was in stable condition in the wake of the attack, but suffered a shark bite on one of his legs.

Officials called the attack an “isolated incident,” calling it the “first occurrence of this magnitude” at the park.

Bhandari was part of a group of 18 tourists who visited the island on the trip led by tourism company Undersea Hunter Group, according to Costa Rican newspaper La Nación. A spokesperson for the company told the publication that officials are in “shock” and are working with the victim’s family.

Bhandari was a senior director at the Manhattan firm WL Ross Co. and Francescon says she was brilliant both in and out of the office.

“Notwithstanding her bright career, Rohina was a very humble person,” she tells PEOPLE. “I will miss her courage … She challenged herself in the deepest way. And she succeeded. All of this is surreal. She deserves to be remembered for her grace and kindness. A beautiful soul.”

A spokesperson for the firm tells PEOPLE that Bhandari had worked with the company for four years and quit in October.

“We were saddened to learn of the death of Rohina who was a dear friend and colleague,” a spokesperson said in a statement to PEOPLE. “We ask that everyone respect the privacy of her family during this difficult time.”

Several more friends remembered Bhandari in social media posts.

“Desperately sad to hear of the tragic and untimely passing this week of my dear friend Rohina Bhandari,” Jon Benjamin wrote in a Facebook post. “Always generous and gregarious, she was a mainstay of social life in NYC a decade ago, visited us in Chile and so kindly lent us her apartment in NYC in July this year, also hosting a party for us. One of a kind.”

Another wrote in a post: “RIP Rohina Bhandari you were one of a kind, You will Be truly missed my friend!”

Bhandari’s family is grieving and declined to comment on the death to India’s Bangalore Mirror.

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Why a Killing in Yemen Threatens to Escalate War: QuickTake Q&A

Switching sides in a war often carries extreme risk, and former Yemeni President Ali Abdullah Saleh has paid with his life. Days after Saleh turned his back on an alliance with Yemen’s Houthi rebels, he’s been killed at their hands. His death came as Saudi Arabia appeared to be trying to tip Yemen’s civil war in its favor by splitting Saleh’s fighters from the Houthis, and could prompt an escalation of the Saudi-led bombing campaign. The rebels must regroup with reduced firepower, but they appear far from ready to give up. The future probably holds more misery for ordinary Yemenis already facing a humanitarian catastrophe.

1. Why might the fighting worsen?

Some analysts expect the Saudis to respond to Saleh’s killing, and the Houthis to react to his betrayal, with intensified belligerence. One option for the Houthis would be to attempt to get more support from Iran, which has assisted the rebels. “For the Saudis, the gloves will really be off,” predicts Peter Salisbury at London’s Chatham House think tank. Saudi fighter planes bombed the presidential palace in Sana’a for the first time in almost three years of war. As it is, human rights groups have documented repeated cases of the Saudi-led coalition bombing civilian targets, including schools and hospitals. Plus, Saleh’s death adds a new layer of revenge to the conflict. Violence could now spread across north Yemen, which borders Saudi Arabia and where both Saleh and the Houthis have allies among local tribes.

2. What’s the war about?

The Houthi rebels took control of the capital Sana’a in 2014 in opposition to the policies of President Abdurabuh Mansur Hadi. He’d been installed under a U.S. and Saudi-backed transition accord after an Arab Spring revolt forced Saleh to step down in 2012. Yemen had little tradition of Shiite-Sunni sectarianism, but outside powers chose sides along those lines. Sunni-majority Saudi Arabia has supported Hadi, a Sunni, and Shiite-majority Iran has aided the Houthis, who are members of the Zaidi branch of Shiite Islam. The war has become part of the struggle for regional influence between Saudi Arabia and Iran.

3. So the Houthis and Saleh were natural allies?

No. In fact, the former president had battled the rebels during his more than two decades in power. The Houthis were motivated by concerns that their community was being marginalized, an old complaint. The civil-war alliance between the Houthis and Saleh loyalists was always tenuous. Many saw it as a marriage of convenience — motivated on Saleh’s part by a wish to regain the presidency and on the Houthis’ part by the reinforcement provided by Saleh’s loyalists.

4. What will Saleh loyalists do now?

Many could defect to the government’s side, costing the rebels significant manpower. Still, the Houthis retain a core of dedicated stalwarts, and that has been the key to their endurance, according to Adam Baron, visiting fellow at the European Council on Foreign Relations. Their power, even without the support of Saleh’s fighters and supplies, shouldn’t be underestimated, Baron said.

5. Can the Saudis win the war for Hadi?

The Saudi-led intervention has reduced the territory under the rebels’ control but has failed to dislodge them from the capital and other parts of northern Yemen. The coalition has largely relied on airstrikes, deploying only limited ground forces. Using that strategy, Joost Hiltermann, an analyst at International Crisis Group, sees little chance of the coalition achieving military victory.

6. Could negotiations produce a peace agreement?

So far, intermittent talks sponsored by the United Nations have not borne fruit. The Houthis have ruled out restoring Hadi to power, as the Saudis wish. It’s possible the dissolution of the Houthis’ alliance with Saleh’s fighters will soften their position.

7. What of the Saleh family?

One key question is can anyone take Saleh’s place and rally his forces, according to Miriam Eps, regional security analyst at Manama-based risk management consultancy Le Beck International. His son Ahmed, a former commander of the Yemeni Republican Guard, is one potential candidate, she said, but is thought to be out of the country.

8. What’s at stake for Yemen’s people?