JP Morgan Asset Management has added a new head to its real estate capabilities in Hong Kong.
Kenneth Tsang, former managing director at RED Capital Asia, has joined the JP Morgan AM as managing director and head of research and strategy, real estate Asia Pacific.
Based in Hong Kong, Tsang will lead the real estate and strategy team for JP Morgan Asset Management – global real assets unit in the region.
Sang is a veteran of the real estate industry in the region, focusing on Asia Pacific since 1993.
Earlier in his career, he was head of Asia-Pacific research & strategy at LaSalle Investment Management. He also held various research roles at Sanford Bernstein, ING Real Estate Investment Management (now CBRE Global Investors) and Jones Lang LaSalle.
David Chen, head of real estate Asia Pacific at the global asset management firm said: “As investors around the world seek to increase and broaden their real assets allocations, they are finding the Asia Pacific real estate markets an attractive source of diversification, total return and yield.”.
Global real estate
JP Morgan AM’s team of over 400 real assets professionals globally, including nearly 50 real estate personnel operating from six offices throughout Asia Pacific – Hong Kong, Mumbai, Shanghai, Singapore, Sydney and Tokyo.
The unit had more than US$95bn in assets under management and operates from 19 offices throughout the Americas, Europe and Asia Pacific, as of June 30.