Veteran real estate investment executive Noah Wangh has joined Invesco Real Estate as the US asset management firm’s Acquisitions Director for Asia and Head of Acquisitions for Hong Kong.
Wangh, who formerly served as an executive director and head of Hong Kong for Morgan Stanley Real Estate Investing is being reunited at Invesco with former co-workers Calvin Chou and Jason Choi, making Wangh’s hire the third time that Invesco has brought over a senior executive from Morgan Stanley in the past 12 months. In his new role, Wangh will report to Chou, who heads Invesco’s opportunistic fund business in the region.
Invesco’s latest investment in its human capital appears to be part of an ongoing expansion in the region that began in 2010 when the company acquired AIG’s Hong Kong-based real estate platform. In that acquisition, Invesco was able to take over the existing funds and team of AIG, after the US financial services firm was bailed out in the US-subprime meltdown.
In late April, Invesco Real Estate announced new leadership for its flagship investment vehicle in the region, by promoting Australian real estate veteran Ian Schilling to be lead portfolio manager for its Invesco Real Estate Asia Fund.
Morgan Stanley began restructuring its Asia real estate team in 2014, and since that time has seen several senior executives leave for competing firms.
Wangh, who graduated Magna Cum Laude from Brown University, had spent 12 years at Morgan Stanley before joining Invesco, and had been based in Hong Kong for the past nine years. After working on US real estate investment and other banking transactions with Morgan Stanley in New York, Wangh’s work in Asia had focused on acquisitions and asset management for properties in Hong Kong, China, India and Australia.