ING Real Estate investment management Asia has appointed Leong Chi Meng as managing director and country manager for Singapore and South East Asia, the firm revealed Tuesday.
Based in Singapore, Chi Meng will join the regional management team to support the company’s real estate investment management activities in the region. He will report to Richard Price, Regional CEO for Asia. Chi Meng has already been working in the Singapore office with ING Real Estate, having come from previously working at Pramerica Real Estate Advisors (Asia).
“We believe his 18 years’ experience in the industry, and work with both regional and international investors will significantly benefit our business,” said Price in a statement. “South East Asia has always been an important region for us and we will continue to expand our portfolio here and look at new market entry opportunities on a selective basis.”
ING Real Estate currently manages investments in Singapore, Thailand, Malaysia and The Philippines. Globally the firm manages a total portfolio of over €100 billion and has offices in 21 countries in Europe, North America, Asia and Australia.
The hire comes after several ING Asia profesionals have left for other firms. Last month Robert Lie, until recently the Asia chief executive officer at Dutch based ING Real Estate Investment Management, was appointed managing director of Redevco Asia. Earlier this month Washington-based Darby Overseas Investments announced it has hired former ING executive David Hudson to help expand the firm’s presence in Asia – and its global infrastructure activities.
At the same time ING has been hiring for Asia as well. Last month ING announced that its multi fund management business, ING Real Estate Select, has hired Dick Popken, currently senior portfolio manager for real estate in Asia Pacific at PGGM Investments, as its new head of fund management in Asia.