SINGAPORE (EDGEPROP) - M&G Real Estate has announced that it has appointed Lai Jing Dong as chief investment officer and interim chief executive officer, Asia. He will report to Tony Brown, global head of M&G Real Estate.
Lai will lead the company’s real estate business and acquisition activities in Asia and Australia. He is stepping up from his previous roles as head of M&G Real Estate Japan, as well as head of acquisitions, Asia.
“We are delighted to welcome Jing Dong into his new role as CIO and interim CEO of M&G Real Estate in Asia. With his demonstrated track record of creating innovative deals, we are confident that we will continue to deliver strong value for our investors,” says Brown.
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Lai joined M&G in October 2016 and has overseen 15 transactions amounting to US$2.9 billion ($3.86 billion) of assets under management on behalf of M&G Asia Property Fund. He also led the team to invest in commercial assets worth US$512.1 million in Australia, Japan, and South Korea.
His 18-year real estate investment track record also includes senior positions at Straits Real Estate, Goldman Sachs’ real estate principal investment, and Carlyle Asia Real Estate Partners in Hong Kong.