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Who's Moving Where In Wealth Management? - Citi Private Bank, PGIM Real Estate
Editorial Staff
5 December 2021
Citi Private Bank At CBRE Global Investors, Yao he headed the firm’s business in China.
has appointed Matthew Yao, formerly of CBRE Global Investors, as head of China. In this new role, Yao will oversee the Shanghai-based investment team which supports the deployment of PGIM Real Estate’s pan-Asian investment funds in China.
The business, which is the real estate arm of PGIM, is the $1.5 trillion investment management businesses of US-listed Prudential Financial. PGIM Real Estate has put money to work in China since 1999.
“China has always been an important market within our regional strategy, and we expect to expand our investment activity as well as grow our capital relationships there. We see strong potential in the Chinese economy’s growth, as it contributes increasingly to a major portion of the global economy and investment-grade real estate pie,” Benett Theseira, PGIM Real Estate’s head of Asia-Pacific, said.