BSI names new Asia chief; BlackRock adds equity PM; RBC WM hires head of discretionary; LaSalle creates Australia funds head role; AMP Capital continues revamp; Challenger replaces funds chief; RHB appoints retail head; Milbank opens Korea office; and Withers partners Khattar Wong.
The firm gains an asset management licence to capture heightened demand by Korean institutions seeking real estate exposure in the West.
Mark Gabbay joins the US property specialist as Asia-Pacific CIO, with his predecessor Ian Mackie taking the role of fund president.
There are also good opportunities in second-tier cities in China and in prime office property in Australia and Hong Kong, says Kenneth Tsang of LaSalle Investment Management.
Jean-Brice Traon will oversee operations and reporting on a range of PruPim Asia funds.