People Moves

PREI Hires Handful Of Portfolio Managers For Singapore Growth

Tara Loader Wilkinson Asia Editor 18 September 2011

PREI Hires Handful Of Portfolio Managers For Singapore Growth

Prudential
Real Estate Investors
, the real estate asset management art of Prudential
Financial, has made five senior appointments for its Singapore-based Asian arm,
Pramerica Real Estate Investors (Asia). The new hires include a recently
appointed portfolio manager in Tokyo, along with asset management, research and
marketing staff in Singapore, Seoul and Hong Kong, and come on the heels of the
company’s expansion to Beijing, Sydney and Seoul within the last year.

Koichiro Maeda, starts as managing director and portfolio
manager for Prudential Real Estate Investors (Japan). Based in Tokyo, Maeda most
recently worked at Mitsubishi UFJ Morgan Stanley Securities, where he was an
executive director specializing in real estate within its investment banking
unit. He has 18 years experience.

Benett Theseira has been named managing director,
Southeast Asia. He is based in Singapore and responsible for PREI’s retail property investment portfolio. Before joining Prudential, he was
president of MEAG Pacific Star Asia and Pacific Star Capital, responsible for
the investment and fund Management business in Asia for more than six years.

Taeyun Won,recently appointed managing director, is
responsible for investments and client management in Korea. He spent 17 years
as a real estate lawyer in large American and Korean law firms including Evergreen Law Group and Shin & Kim in Seoul.

Henry Chin has been appointed head of Asia Pacific research
and strategy. Chin is based in Hong Kong and responsible for developing and
providing real estate investment strategies in Asia Pacific. He joined the
company from Deutsche Bank, where he held several roles, including global real estate strategist and co-head of real estate in the Asia Pacific for the
private banking business.

Joyce Lo has been hired as a senior vice president. Based
in Hong Kong, she was most recently at a specialist Asian real estate
investment manager, Sniper Capital, where she led capital raising and investor
relations. Lo spent more than 10 years at Lehman Brothers Asia, where
she began her career in 1999.

The
recent hirings follow the announcement earlier this year of the appointment of
Steve Bulloch to lead the firm’s expansion into Australia and responsible for
sourcing property acquisition opportunities for PREI’s current institutional
clients. Before joining PREI, Bulloch was executive director and head of
property for Hastings Funds Management, where he was also a member of the
executive management team and Hastings’ investment committee.

“Asia
Pacific’s economies remain fundamentally strong, even amid global economic
turmoil, and by expanding our team, we can create new strategies to capitalize
on opportunities for institutional investors,” said Victoria Shigehira Sharpe,
chief executive of Pramerica Real Estate Investors-Asia Pacific. 

PREI
is the real estate asset management and advisory business of New York-listed
Prudential Financial. As of June 30, 2011, PREI managed approximately $48.1
billion in gross real estate assets ($30.2 billion net) on behalf of more than
490 clients.

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