ING Real Estate Select, the global multi fund management business of ING, has headhunted Dick Popken as its new head of fund management in Asia.
Popken, who is senior portfolio manager for real estate, Asia Pacific at PGGM Investments in Zeist, The Netherlands, is joining ING in June.
The new PGGM hire has experience spanning private real estate investments, listed securities, structured products and CMBS from China to New Zealand and from Japan to India, according to Nicholas Cooper, chief executive of ING Real Estate Select.
“Dick has been at the forefront of many of the innovative deals in the Asia Pacific region,” added Cooper in a statement.
“2008 is a milestone year for ING Real Estate Select as we build our Asian team, under the leadership of Nick Wong. Dick will play a key part in supporting our goal of investing $1 billion into the region,” he continued.
Popken launched the Asia Pacific real estate investment business at PGGM, and during his stewardship of the program it grew to a current portfolio size of around €3 billion.
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