Standard Life Investments, has announced the appointment of a new team and CEO in Singapore.
The four-strong team will operate from the firm’s new Singapore office headed by Choon Wah Wong, pictured above. Wong joins as chief executive of Standard Life Investments (Singapore) and head of Asia Pacific Real Estate.
He will be joined by Ted Roy, deputy fund manager; Jason Lam, associate investment director, Asia Wholesale Sales; and Tervinder Chal, head of Asia Pacific Real Estate Finance and Operations.
In addition to the Singapore team hires, the firm announced in a statement today that Mark Baker, fund manager for Emerging Market Debt has moved from London to Hong Kong, bringing further fund management expertise to Standard Life Investments’ (SLI) Asia Pacific team.
SLI said that Wong will lead a team to build a real estate fund management and manufacturing platform in Asia Pacific, while overseeing the management of global real estate portfolios in the region. He is also responsible for the overall management of the Singapore office.
160-strong global real estate team
Wong will work alongside the firm’s 160-strong global real estate team with its 16 years’ track record and regional expertise in Asia Pacific direct real estate investment management. He joins SLI from Partners Group where he was senior vice president, Singapore. He will report to Mike Hannigan, Head of International Real Estate at SLI, based in Edinburgh.
Rod Paris, chief investment officer and executive director, Standard Life Investments, said: “The new team led by Choon Wah, along with our growing Asia Pacific team, will strengthen our regional franchise and extend our global investment and product manufacturing capability. Building presence on the ground in Singapore allows us to be closer to investors and gain deeper insight into regional markets.”
The team is based at level 37, Ocean Financial Centre in Singapore’s central business district. SLI added that it is currently applying for a Capital Markets Services Licence from the Monetary Authority of Singapore.
Standard Life Investments is one of Europe’s largest real estate investors, managing US$20.7bn, as at 30 June, of assets in direct real estate, public listed real estate and real estate debt globally – including over 650 direct real estate assets in 15 countries worldwide. Its Emerging Market Fixed Income team manages US$1.5bn of assets on behalf of global clients.