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Composition Capital appoints Asia head

Whye Choong Low has joined the Amsterdam- and Hong Kong- based real estate multi-manager as it seeks to bring together a third Asia fund with a heavy focus on direct investments.

Composition Capital Partners, the Amsterdam- and Hong Kong- based real estate multi-manager, has appointed Whye Choong Low as its head of Asia Pacific, the firm announced today. He started in the role yesterday.

Low joins from Sydney-based real estate developer and investment manager Lend Lease where he was a managing director of its investment management platform. His new role sees him relocate from Singapore to Hong Kong.

He joins after the departure of Bill Shaw,who previously led the firm’s efforts in Asia, late last year. Shaw joined a firm called Everview Capital which was set up by the Washington State Investment Board with a view to investing on behalf of the state’s $52 billion pension plan in the region.

Composition has operated two real estate funds in Asia and is currently putting together a third vehicle which will be part of Low’s focus. The vehicle’s introduction coincides with Composition’s evolved focus in the region on direct investments and joint ventures as opposed to more traditional multi-manager investments in underlying funds.

He said: “I will be focussing on expanding the company’s direct investment activities in the Asia Pacific region and forging closer links for Asian investors to the investment opportunities in European markets being created by my colleagues based in Amsterdam,” he said. Composition has also operated two funds in Europe.

“It is great to have Whye Choong join us” said Erwin Stouthamer, Principal at Composition. “Whye Choong will augment our existing team, bring fresh perspectives and deep experience at both strategic and direct asset level. During his 18 year career, Whye Choong has been based in Singapore, Hong Kong, Malaysia and Australia: his strong network and market insights will add a great deal of value to us.”

In addition to his role at Lend Lease, Low’s 18 year career also included a spell at Brookfield Asset Management in Hong Kong where he was a managing partner responsible for investments in China.

Stouthamer added: “ I believe Asia Pacific will continue to offer good investment opportunities if you are prepared to invest significant resources and effort in two things: firstly, in building trustworthy relationships with local operating partners and secondly, in gaining a thorough understanding of, most often, very local real estate markets. Whye Choong’s appointment signifies our continued commitment to unlocking the best direct opportunities in the market.”