European property fund manager Cordea Savills is opening a Singapore office to be headed by Michael Flynn.
Flynn will have overall responsibility for institutional investor relationships throughout Asia and Australasia. The former Goldman Sachs equity raising specialist began his career at Credit Suisse First Boston in the early 1990s, followed by spells at ING Barings, Dresdner Kleinwort Wasserstein and Goldman Sachs where he advised on equity raising deals in a variety of sectors across Europe, Latin America and Asia.
At the end of last year Cordea Savills expanded operations in Asia by entering India where it partnered with Indian family business Nichani Group. It is now marketing a joint venture fund with that company, the $200 million Cordea Nichani Indian Opportunities No.1 fund. The firm said the first major focus for the new Singapore office will be to market that fund, along with other projects, to Asia Pacific investors.