PGIM Appoints APAC Head of Real Estate
Prudential Financial’s investment management unit has announced the appointment of a head of real estate for the Asia Pacific region.
PGIM has appointed David Fassbender as head of Asia Pacific for its real estate business, according to a statement, effective 1 July 2026 and based in Tokyo. He succeeds Benett Theseira, who will retire following a 36-year career in real estate, including 15 years at PGIM.
Fassbender has 23 years of experience at PGIM’s real estate business, serving in various senior positions, including head of Southeast Asia, head of Japan, and deputy head of APAC. He played a pivotal role in establishing and growing PGIM’s flagship fund series on Asia Pacific Value-Add (AVP) strategies, which is now in its 23rd year with the fifth closed-end fund in serial, completing $21 billion of transactions across nine markets since 2003.
«David is an accomplished leader and investor, with strong business acumen and a clear focus on delivering for our clients,» said Cathy Marcus, co-head and global chief operating officer for real estate at PGIM. «His proven track record positions him well to advance our ambitions in the region and guide our investors through the next market cycle.»
