New leadership at one of the world’s largest property fund managers leads Mingtiandi’s collection of personnel moves this week, as PGIM real estate announces a new global CIO.
A Singapore-listed retail REIT also has news to share as the company reveals that its chief financial officer has headed for the exit, and there are new appointments at brokerages and fund managers in Tokyo and Hong Kong.
PGIM Real Estate has promoted Raimondo Amabile to global chief investment officer, according to an announcement by the company on 1 September. Based in London, Amabile took on his new duties with the real estate fund management unit of Prudential Financial that same day, in addition to continuing his role as head of Europe and Latin America, which he first took on in 2013. PGIM noted that a key area of focus for Amabile in his new position will be connecting the company’s market insights and research with artificial intelligence and predictive technologies to inform investment decisions.
Singapore-listed Sasseur REIT announced on Friday that its head of finance, Jaslyn Leong Mei Kuan has resigned for personal reasons and will be leaving the company as of 26 September. Leong has served in her role as the top finance officer with the manager of the trust, which is built around a chain of mainland China outlet malls. since June 2018. Prior to joining Sasseur REIT, Leong had worked for broadcaster Mediacorp. With Leong exiting, senior finance manager Emily Soh will assume top finance responsibilities on an interim basis.
Cushman & Wakefield announced on 1 September that it has hired Hiroki Takatsuka as director and head of logistics and industrial services for Japan. Takatsuka joins the property consultancy from logistics developer and fund manager ProLogis, where he had spent 14 years operating the company’s JPY 350 billion ($3.2 billion) Japan warehouse portfolio. The graduate of the Massachusetts Institute of Technology is expected to focus on growing C&W’s industrial business while also promoting integration with its project management and capital markets services.
In addition to hiring a new head of industrial, Cushman & Wakefield has also taken on board Tomoaki Konno as senior director for investment sales with its capital markets group. Before joining the property consultancy, Konno had served as chief investment officer for SMBC Bank, where he launched the Japanese financial titan’s asset management business and grew it to JPY 200 billion in assets under management.
Knight Frank announced on Friday that it has hired former Cushman & Wakefield executive Matthew Short as its new head of corporate real estate for Greater China, based in Hong Kong. Short is the third former C&W executive to join Knight Frank’s corporate real estate team in the region after the consultancy appointed Dan Whitmore as head of the division for Asia Pacific in July. Last month, Brenda Chua had joined as director for corporate real estate based in Singapore.
Haosi Chang has joined Skymont Capital in Hong Kong as a vice president with the real estate fund manager. Chang took up her new duties recently after having previously served as a vice president with Swedish fund manager Catella. The graduate of Shanghai’s Fudan University and Boston University also has previous experience with SilkRoad Property Partners, GLP and Duff & Phelps.
If you know of other Asia real estate professionals changing their jobs, getting promoted or just doing something exciting, please contact us here at Mingtiandi.