ANREV, the Asian Association for Investors in Non-listed Real Estate, has appointed Jeremy Stewardson as an executive director “to advance the association to the next level”.
Stewardson, who started his position this month, took over from Ivan Yau, after he stepped down from the role to pursue other opportunities.
Stewardson will be responsible for distributing research and information on the industry to ANREV members as well as “encouraging adoption of best practice guidelines”.
He previously worked at Jones Lang LaSalle’s predecessor firm, Jones Lang Wootton, for 23 years before becoming chief executive of Champion REIT, the Hong Kong real estate investment trust.
ANREV, formerly known as AREA, has been seeking to increase its presence and relevance in Asia of late. Last month, the organisation, led by chairman and Grosvenor’s chief executive in Nicholas Loup, announced it would mirror many of the policies of its longer-established INREV, including efforts to boost transparency among non-listed Asian real estate funds.
The organisation currently runs a database of more than 50 fund managers and more than 300 funds. The organisation told PERE last month that within two years, it would introduce an index to enable members to benchmark fund performance.