M&G Real Estate has appointed Chiang Ling Ng as chief executive and chief investment officer for its Asia business. She replaces Scott Girard, who will be relocating to Australia. Ng's appointment is subject to regulatory approval.
Promoted from within M&G Real Estate, Ng has been with the business in Singapore for two years as acquisitions director where she has assisted with the growth of M&G Real Estate’s core Asia strategy that has grown from US$2.1 billion to US$2.9 billion AUM over that period. Prior experience includes 15 years at the private equity real estate division of Goldman Sachs, of which she spent six years in Singapore and nine years in Tokyo.
Subject to the required regulatory approval, she will assume her new role on 1 April. Scott Girard remains with the business until September to ensure a smooth transition of management responsibilities and there will be no change to the management of M&G Real Estate’s core Asia strategy, which continues under the leadership of Erle Spratt.
M&G Real Estate Asia manages in excess of US$2.9 billion and employs 48 people in offices across Singapore, Tokyo and Seoul. M&G Real Estate’s core Asia strategy remains the largest, core, open ended institutional property fund in Asia with 29 assets in five countries.
