JLL has brought on board a nearly twenty-year veteran of the world’s third-largest public pension fund, as the international property consultancy continues to expand its Asia funds advisory unit.
Jayme Han has been appointed as executive director for Asia funds advisory and distribution, based in Seoul, according to JLL representatives who revealed the new hire to Mingtiandi exclusively today.
Han, who will report to JLL’s head of funds advisory for Asia Pacific, Martijn van Eldik, joins the company less than two months after it appointed a new head of the same division for Japan, and just over one year after van Eldik joined the company from Morgan Stanley.
Building a Team to Serve Fund Investors
“We’re delighted to welcome Jayme to the team at a time when institutional investors in Asia continue to export capital into real estate globally and increasingly in a variety of different investment structures,” van Eldik said. “She possesses a strong understanding of international capital markets, complex transactions and indirect strategies which will benefit our investor clients in accessing global investment opportunities in real estate funds, joint ventures and club deals.”
In her new role, Han will be responsible for regional advisory mandates and distribution in the firm’s Global Funds Advisory team, the company said.
The new hire will focus on advisory mandates and distribution within Asia Pacific, including Korea, according to the company, and will work with fund managers and investors to lead equity fund raising across the region, as well as assist in the execution of advisory mandates.
NPS Among World’s Biggest Investors
Han spent nearly two decades at Korea’s NPS, a $430 billion fund that has become an increasingly important player in global real estate markets. Earlier this month the fund, together with IGIS Asset Management, backed KKR’s KRW 2.1 trillion ($1.9 billion) acquisition of a mixed-use real estate project in Seoul’s Gangnam business district, and in August the NPS bought Goldman Sachs’s new European headquarters in London for $1.5 billion.
Han served most recently with Tong Yang Life Insurance, Korea’s sixth largest life insurer, where she led global and domestic asset investments and introduced portfolio management and infrastructure debt.
Asian investors were the most active net purchasers of commercial real estate globally in the first half of 2018, according to JLL’s Global Capital Flows report, accounting for nearly 20 percent of $5.6 billion in fund acquisitions worldwide.
Korea Hire Follows New Additions in Japan, London and US
“Appetite for global real estate investment from Asian institutional investors is not showing any signs of slowing down,” van Eldik said. “To facilitate this growing demand for cross-border deals and provide our clients with a broader suite of services, we’re focused on expanding our team globally to bring together capabilities in indirect investment structures with commercial property expertise.”
In addition to bringing on board Sumihiro Hiratsuka to run the Japan operation in September, earlier this month JLL hired Gianluca Romano as global head of underwriting and advisory in London, and Jerry Cain joined to head the Americas territory for the funds advisory division in August.