A leading global real estate fund manager is to promote from within to fill the role of Chief Executive and Chief Investment Officer for its Asian business.
M&G Real Estate is to appoint Chiang Ling Ng, subject to regulatory approval, as chief executive and chief investment officer she will replace Scott Girard, who will be relocating to Australia, M&G said in a press release to finews.asia
Chiang Ling Ng has been with the business in Singapore for two years as Acquisitions Director, where she has assisted with the growth of M&G Real Estate’s core Asia strategy, which has grown from $2.1 billion to $2.9 billion AUM over that period. Prior experience includes 15 years at the private equity real estate division of Goldman Sachs, of which she spent 6 years in Singapore and 9 years in Tokyo.
Rapidly Growing
«With a substantial queue of capital for investment and a rapidly growing portfolio of assets, we expect to make further announcements in due course. Chiang Ling Ng was an outstanding candidate for this role and her appointment reflects the depth of talent we have in our business,» said Alex Jeffrey, CEO, M&G Real Estate.
M&G Real Estate Asia manages in excess of $2.9 billion and employs 48 people in offices across Singapore, Tokyo and Seoul. M&G Real Estate’s core Asia strategy remains the largest, core, open ended institutional property fund in Asia with 29 assets in five countries.
Smooth Transition
Subject to the required regulatory approval, Chiang Ling Ng will assume her new role on 1 April. Scott Girard remains with the business until September to ensure a smooth transition of management responsibilities and there will be no changes to the management of M&G Real Estate’s core Asia strategy, which continues under the leadership of Erle Spratt.
