AXA Real Estate Investment Managers (AXA REIM), the Real Estate manager in Europe with $63 billion (43 billion) of assets under management, opens its new Asian headquarters in Singapore.
Within an 18 month period, since making its strategic move into Asia, AXA REIM has already invested nearly 25% of the $2 billion committed by its clients in the region. The new operations in Singapore will help to further build AXA REIMs presence and leverage the immense opportunities present in Asia.
“Asia is becoming a strategic destination for the real-estate investor and we want to support our AXA Group and third party client efforts in diversification and creation of value,” says Pierre Vaquier, chief executive officer of AXA REIM.
Frank Khoo has been appointed as Global Head of Asia. Based in Singapore, he will report directly to Pierre Vaquier, and will be part of the AXA REIM Executive Committee. In this new role, Frank will coordinate the development of AXA REIMs investment and asset management activities in the region. He will manage the development of investment platforms in Japan and India and will set up a local presence in other parts of the region which are important to AXA REIMs strategy. Frank will also contribute to the launch of Asian investment funds to develop AXA REIMs asset base in Asia on behalf of its clients.
“We are delighted to announce Franks appointment,” says Pierre Vaquier. “With over 15 years in the investment industry, Frank has extensive experience in private equity and real estate and a deep knowledge of all the Asian markets. His expertise in deal sourcing and execution as well as fund launches will contribute widely to AXA REIMs ambitions to become a major player in the Pan-Asian real estate investment industry.”
Prior to joining AXA REIM, Frank was Senior Vice President with Pacific Star Fund Management. He will begin his role as Global Head of Asia in mid September.
D.C.