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Having led the investment management unit of the London-listed property services company for 12 years, his duties have been handed to CIO Kiran Patel and deputy chairman Nick Cooper.

UC Regents’ Scott Chan will be second-in-command to Christopher Ailman, who has led investment at the pension for almost two decades.

CLSA boasted one of the top pick private real estate fund series in Asia before KKR turned up and poached its boss.

Japan Post Bank chief investment officer Katsunori Sago, the man behind the $1.9trn investor’s push into alternatives, is stepping down this month after three years at the helm.

Avignon intends to continue a partnership with Hong Kong firm CLSA aimed at introducing Asian capital to European investments despite the departure of its real estate boss John Pattar last month.

Rob Yang, who had joined the private equity powerhouse from Blackstone in 2016, has left the firm.

The former JPMorgan executive joined the New York-based alternative investment manager a year ago to build out its real assets platform.

In a case that industry observers say is unusual for the sector, an executive filed a complaint with the Equal Employment Opportunity Commission.

Only a successful Asian fundraise will vindicate the private equity giant’s call to raid the CITIC Securities-owned platform.

The move of John Pattar from the CITIC Securities-owned business to the New York-based private equity giant has seen it halt the investing activities of its latest Fudo Capital fund and raises questions over the series’ future viability.