APG’s APAC head of listed real estate to step down
APG managing director Roberto Versace has resigned from his role as head of listed real estate for the €532 billion ($581 billion) Dutch pension fund’s operations in Asia Pacific.
Versace’s resignation will be effective from September 30 this year.
“After six wonderful years at APG Asset Management I will relocate back to Singapore to join my family before exploring new opportunities,” Versace told AsianInvestor.
Versace was hired by APG in 2017, to replace Nila Ng. He has also been serving as chair of the Hong Kong chapter of industry non-profit APREA since October 2021.
As well as his current title, Versace is a member of the APG Global Real Estate Management Team, the APG Asset Management Asia Executive Management Committee and APG’s Global People and Culture Committee.
“During the six years of my tenure our strategic long-term investment process developed further as did our global collaboration and development of our staff which was of great personal satisfaction,” Versace said.
The industry veteran has yet to announce any concrete plans for the next steps in his career.
“I look forward to spending time with my family as I pivot in my career to explore leadership opportunities which incorporate strategy and investment from a top-down perspective,” he said.
Versace has more than 20 years of industry experience across asset management and investment banking spanning Hong Kong, London, Singapore, Sydney, and Melbourne.
Prior to joining APG Asset Management, Versace was managing director and lead portfolio manager at EII Capital Management in London.
Before that he was managing director and senior portfolio manager for Asia at BNY Mellon Investment Management in Singapore from 2010 to 2015.
There was no official announcement on who replaces Versace at the pension fund manager.