A major insurance investor taking on talent from Korea’s largest pension fund leads this week’s look at real estate personnel moves from around the region, as Pimco Prime fortifies its leadership ranks. Also making our list are new additions at a major Japanese asset manager in Singapore and a retirement at a Hong Kong data centre operator.
Pimco Prime Real Estate has brought in some new talent from Korea’s largest retirement fund, with former National Pension Service executive Park Insub having taken on a Singapore-based position with the company formerly known as Allianz Real Estate. Now a director with responsibility for strategy and capital formation at Pimco Prime, Park took on his new role in February after more than seven years at the NPS, where he had served most recently as a senior portfolio manager with the organisation’s real estate investment division, according to a LinkedIn update.
Keith Tan has joined Sumitomo Mitsui DS Asset Management in Singapore as a director with responsibility for capital formation and investor relations, according to a LinkedIn update. Tan took on his new role recently after more than two years with Frasers Hospitality Trust in the city-state, where he had served as a director and helped lead the privatisation of SGX-listed Frasers Hospitality Trust. Tan also has previous experience with Sumitomo Mitsui Banking Corporation and CapitaLand.
Sunevision Holdings announced to the Hong Kong stock exchange on 27 February that Martin Chan Man-yuen has retired from his role as executive director and chief operating officer of the data centre division of developer Sun Hung Kai Properties with effect from that day. Chan has served as chief operating officer of Sunevision since April 2015, after previously working as managing director of its iAdvantage unit.
The manager of Prime US REIT informed the Singapore stock exchange on 27 February that its chief executive, Rahul Rana, has been given the additional role of chief investment officer, with effect from 1 March. Now 62, Rana was named CEO of the SGX-listed trust in 2024. In a separate announcement on Friday, Prime US REIT said that it has appointed its chief financial officer, Cindy Teo, to the additional role of chief operating officer.
Sydney-based Charter Hall Group announced on 25 February that it has appointed former Dexus chief executive officer Darren Steinberg to an independent, non-executive director position on its board, with effect from that day. Steinberg served a dozen years at Dexus before stepping down in 2024 and also served stints at Colonial First State and Stockland. He also serves on the boards of property firms Built Living and Qualitas as well as the Sydney Swans Australian rules football club.
Singapore developer Sing Holdings notified the SGX on 24 February that it has appointed Mark Lee Jin Yi to the role of company executive officer with effect from 20 April of this year. Now 35, Lee will be responsible for general business and legal affairs at the company, and has been a senior associate with the international arbitration team at law firm Hogan Lovells Lee & Lee in Singapore since 2021.
Nathan Deveson has joined Ashurst in Sydney as a partner with the law firm’s tax practice, supporting corporate transactions, energy deals and real estate, according to a LinkedIn update. Deveson had signed up with the Ashurst team last year after more than 28 years with competitor Minter Ellison in the city, including having served as staff partner, chairman of partners and managing partner with the Australian law firm.
Cushman & Wakefield announced this past week that it has promoted David Hall to national head of commercial real estate for Australia, alongside his existing role as head of brokerage, logistics and industrial for Australia & New Zealand. Hall won his new rank at Cushman & Wakefield after joining the property consultancy three years ago from competitor Colliers, where he had served as department head for its west Sydney industrial team.
If you know of other Asia Pacific real estate professionals changing their jobs, getting promoted or just doing something exciting, please contact us here at Mingtiandi.
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