Ng Chiang Ling Takes Over From Girard at M&G Real Estate Asia

A global real estate investment firm will see a top-level change in its management for the region in the coming months as Ng Chiang Ling takes over from Scott Girard as CEO of M&G Real Estate Asia.

Ng, who joined the real estate arm of the UK-based asset manager in January of 2014, will take over the top position in April after previously serving as the company’s director of acquisitions. Despite the change in management, M&G has indicated that its core investment approach will remain unchanged with Singapore-based fund manager Erle Spratt looking after that strategy for the company in the region.

During August of last year M&G invested $230 million to add two hypermarkets and an outlet mall in Korea to its regional portfolio. In 2014 the investment manager acquired 12 residential buildings and a 12,500 square metre office tower in Japan. According to M&G, in Asia it now holds nearly $2 billion in properties across Hong Kong, Japan, Singapore, South Korea and Australia.

Before joining M&G two years ago Ng, who will remain based in Singapore, had spent 15 years in Goldman Sachs’ real estate private equity division for Asia.

Girard is reportedly heading back home to Australia after serving as M&G Asia’s Chief Executive Officer and Chief Investment Officer since 2010. Prior to joining the investment management firm, Girard had worked for Jones Lang LaSalle in Korea and Japan.