The Asian Association for Investors in Non-listed Real Estate Vehicles (ANREV) has hired former CBRE executive Alan Dalgleish as a director to work on its research, performance measurement and professional standards programmes.
His hire comes just weeks after research director Clara Lee resigned from her post to seek other opportunities. She left at the end of the year.
The association highlighted Dalgleish’s long career in commercial property in an announcement on his hire as complimentary to its efforts in the region, with particular focus on his research consultancy and capital markets background as well as his “extensive regional business network”.
Dalgleish previously worked for CBRE Investment Advisory Services for the last five years. Before that, he worked for Colliers, Hongkong Land, SG Securities and First Pacific Davis.
Thanking Lee for her efforts, ANREV chief executive Jeremy Stewardson said: “We are delighted to have Alan’s extensive research, consultancy and IT skills and experience to help broaden and deepen the associations’ output range.”
Nick Loup, chief executive of London-based real estate investment and fund management firm Grosvenor, and chairman of ANREV, added: “With the association’s growth into the authoritative voice of the unlisted property fund industry, we believe Alan will play a key role in developing and implementing enhanced research, standards and measurement output for the membership and thereby for the industry as a whole.”
“Meanwhile, the board wishes to thank Clara Lee for her dedicated service to the association.”
Dalgleish, like Lee before him, will play an important part in contributing to the growth and implementation of the first performance index for non-listed real estate funds in Asia. Launched in November, the index is structured similarly to the more established European index run by ANREV’s affiliate association INREV.
Stewardson said: “Alan’s role involves responsibility for performance measurement , as well as research and professional standards , so he will be working closely with INREV as we grow the Index.”