Generali appoints Asia RE head

The Italy-headquartered real estate arm of insurance group Generali has appointed a former GIC executive to oversee its operations in Asia

Generali Real Estate, the real estate asset manager of Italian insurance company, Generali Group has appointed Andy Tan to head its operations in Asia.

Based in Singapore, Tan will be responsible for overseeing the firm’s Asia portfolio, including new investments and property enhancement.

“I am extremely happy to welcome Andy on board. Thanks to his impressive expertise and outstanding network, I am sure he will contribute significantly to Generali Real Estate’s growth strategy in Asia, a region that will provide great opportunities to strengthen and diversify our portfolio,” Christian Delaire, chief executive officer for the firm said in a statement announcing the appointment.

Tan comes with more than 20 years of real estate experience. Before coming on board at Generali, he was an executive vice president at MEAG Pacific Star Asset Management, responsible for handling its real estate asset management business in Asia from 2007 to 2013. He has also served as vice president of the real estate arm of Singaporean sovereign wealth fund, GIC.

This is the firm’s second senior management appointment this year. In March, former AWE Europe and AXA Group senior executive Delaire was brought on board as chief executive.

Headquartered in Italy, Generali Real Estate has €28 billion of assets under management, with investments across Europe, the UK, US and Asia.