Global property services firm JLL has added a senior executive to its bench in Asia as it further plans to build out its global capital raising offering.
The firm has hired Dutchman Martijn van Eldik from Morgan Stanley Real Estate Investing, the real estate unit at investment bank Morgan Stanley.
It is understood that he resigned from his role as head of Asia fundraising for MSREI earlier this month and will start working for JLL in the fourth quarter of this year. As for his previous role, he will be based in Singapore.
van Eldik’s hire follows the appointments of Matilde Attolico and Zeynep Fetvaci from private real estate capital advisory firm Hodes Weill & Associates in Europe.
The hires are part of a concerted effort by JLL to expand its fundraising capabilities in response to growing demand by institutional investors to access private real estate investments, via funds, but also via other structures such as separate accounts, joint ventures and club transactions.
By joining JLL, van Eldik returns to working for a property services firm. Before an almost five-year spell leading fundraising in Asia for MSREI products, he was a director at CBRE Global Investors, the real estate investment management business of JLL’s major rival CBRE.
Prior to that, van Eldik was a senior vice president at ING Real Estate Investment Management, the property investment and management business acquired by CBRE and merged with CBRE Global Investors in 2011.
JLL declined to comment.