Och-Ziff Capital Management Group has hired four men from Morgan Stanley Real Estate Investment in order to build the team that operates Och-Ziff Asia Real Estate.

The new hires are Zain Fancy, formerly managing director and head of Morgan Stanley Real Estate Investing for Asia-Pacific. He is joined by fellow members of his team, namely Roy Kwok, who was deputy head of that business in China, Bharat Khanna, who headed Morgan Stanley Real Estate Investing in India, and Anand Madduri, who was the portfolio manager for the unitÆs Indian Special Situations Fund.

Och-Ziff Real Estate is an Asian real estate investing platform focusing on Singapore, Hong Kong, China and India. Och-Ziff Capital Management is one of the world's top alternatives and hedge fund managers, with approximately $28 billion under management.

Morgan Stanley Real Estate Investment is one of the biggest and most prestigious property funds operating in Asia (and won AsianInvestorÆs æBest Property HouseÆ award in 2007).

The fundÆs platform in Asia is now headed by Fred Schmidt, who expanded his role beyond the head of Japan some months ago. In addition, the firm has appointed 20-year real estate banking veteran Hoke Slaughter in the newly created role of Asia chairman of Morgan Stanley Real Estate Investment, based in Hong Kong. Willem de Geus will also shortly relocate from London to Singapore, assuming the role of portfolio manager of Special Situations for Asia.

Naresh Naik has been hired by Morgan Stanley as executive director and head of asset management for Morgan Stanley Real Estate India. Based in Mumbai, Naik will start in his new role later this month. Most recently, Naik was head of asset management for Lehman Brothers in India, where he played a senior role in the real estate private equity group.