Aviva Investors has underlined its ambition to grow its exposure to real estate in Asia through three senior hires.
The London-based investment and asset management firm has appointed Daniel McDonald as head of fund management for Asia Pacific real estate.
Among his responsibilities, McDonald will be responsible for overseeing Aviva’s Asia-Pacific Property Fund, a fund which had £90.8 million (€108 million; $141 million) of assets under management as at 31 August 2010, and will report to Ian Hally, Aviva’s chief executive officer for real estate in Asia.
He will also be charged with helping to develop more funds for the platform including some, Hally said, which would be launched this year. Other than the Asia-Pacific Property Fund, Aviva also runs a multi-manager business in Asia which manages segregated portfolios, commingled investments and secondary investments.
McDonald joined from Cushman & Wakefield, the global property services firm where he managed direct and indirect real estate investments and capital flows. He also previously worked for Sydney-based logistics developer and fund manager Goodman Group, and Cushman’s rival property services firm Richard Ellis.
He will be joined by fellow newcomers Joe Gooi and Tinchuck Ng. Gooi joined from Tokyo-based daVinci Advisors, which is undergoing personnel changes following an entity level investment by Fortress Group. He will be responsible for managing Aviva’s Japanese vehicles. Ng, who has joined as client portfolio manager, previously managed her own advisory firm.
The firm has also hired James Morrow as client portfolio manager for the UK and Europe. He joined from Ernst & Young Real Estate Finance where he was an assistant director. Based in London, he will report to Phil Ellis, head of global real estate client portfolio management.