Pgim Real Estate Appoints David Fassbender Deputy Head Asia Pacific
The new deputy head of Asia Pacific has been appointed at real estate investment manager PGIM Real Estate. David Fassbender, who currently serves as the head of Japan, will now also take on the role of deputy head. He will report to Benett Theseira, who is the head of Asia Pacific at PGIM Real Estate. In this new position, Fassbender will be responsible for overseeing the company’s portfolio management strategies across Asia Pacific. He will continue to lead the firm’s Japan business and also remain as the senior portfolio manager for Asia Pacific value-add strategies. Fassbender has been a part of PGIM Real Estate since 2002 and was previously the head of South East Asia based in Singapore. Theseira believes Fassbender’s strong business acumen, industry connections, and investment management experience will be crucial in helping investors make informed decisions during the current market uncertainties. He also mentioned that Fassbender will play a significant role in identifying the best opportunities in high-conviction areas as the company aims to expand its regional business. In other news, Surbana Jurong Group has appointed Lim Cheng Cheng as the group CFO, while PGIM Real Estate has expanded its portfolio in Asia Pacific’s rental housing market. The company has also recently appointed a new portfolio manager for its Asia core strategy. Additionally, a US$200 million joint venture between Weave Living and PGIM has been formed, with the acquisition of a Hong Kong hotel.
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