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PREI hires Asia CIO from Grosvenor

The Asian arm of real estate investment firm Pramerica Real Estate Investors has confirmed its hire of Eryck Su as its chief investment officer for the region.

Pramerica Real Estate Investors (PREI), the real estate investment management arm of US financial services giant Prudential Financial, has confirmed Eryck Su as its Asia-Pacific chief investment officer, as PERE revealed earlier this week.

Su, who was most recently managing director and head of greater China for Grosvenor Fund Management, will be based out of the Hong Kong office. He also replaces Jason Chew as the head of the firm’s China strategy, which following the closing of the firm’s Beijing office, will be run out of Hong Kong.

At Grosvenor, Su worked side-by-side with Morgan Laughlin, who was recently appointed to head of PREI’s Asia business, also from Grosvenor. Su’s hire is part of a larger effort to centralize the firm’s leadership at its regional headquarters.

“[Su] brings a range of debt and equity investing experience that will expand our team’s ability to build strong partnerships in the region,” Laughlin said in the statement.

At Grosvenor, Laughlin and Su played an important part in establishing Harvest Real Estate Investments, a China-focused joint venture real estate investment company with Beijing-based Harvest Fund Management, the asset management group.

Before Grosvenor, Su worked on acquisitions (ex-Japan and Korea) for Deutsche Bank’s real estate investment management division. He joined the bank in 1998 through its merger with Banker’s Trust, where he worked in the global investment banking division, according to the statement.