Goodman Group, the Sydney-headquartered logistics developer and fund manager, has appointed Paul McGarry as its head of Asia. PERE understands that this is a newly-created position for the firm.
McGarry was previously the chief executive officer for Goodman Japan. In his expanded role he has been given the overall responsibility and oversight for the group’s operations across Asia, according to an announcement made with the Australian Stock Exchange.
In 18 years of working in real estate and finance, McGarry has previously also worked with the Macquarie Group in Sydney
Meanwhile, Goodman Japan’s chief operating officer, Angus Brooks, has taken on the leadership mantle for Japan and will report to McGarry.
The management shuffle comes only a few months after Philip Pearce stepped down from his position of the chief executive officer for the Greater China region due to personal health reasons. Pearce was a long-serving senior executive for Goodman and played an instrumental role in the expansion of the firm’s capabilities in the region. His role was taken over by Kristoffer Harvey, who has been with the firm since 2002 and has held various positions in the corporate, investment management, capital transactions, development and asset management teams.
The listed Australian firm has more than A$34.1 billion ($26 billion; €23.4 billion) in assets under management globally and manages over 400 properties across Greater China, Japan, Brazil, Europe, North America, New Zealand and Australia. The Greater China region represents the second biggest market for the group in Asia Pacific with A$7.4 billion in assets under management. Australia tops the region with A$13.8 billion in assets under management.