Colliers International today announced that Terence Tang has been appointed as Managing Director of Asia Capital Markets and Investment Services. He will lead a dedicated team of investment professionals, comprising mainly of the existing investment specialists, across the Asia region, a strategic move to set a new scene in the real estate market.
“Integration and empowerment are key in our restructuring of the Asia Capital Markets and Investment Services division. All our investment specialists will go beyond collaboration and strive for true integration,” says Piers Brunner, Chief Executive Officer, Asia, Colliers International. “In this core group, the members’ expertise is not confined to their local markets; rather, they will be empowered with a comprehensive knowledge of major property markets in the region.”
“We are delighted to have Terence on board. His previous jobs have given him a deep insight into what an investor needs and wants from a service provider,” added Brunner.
Terence has more than 24 years of extensive real estate experience that spans across a wide spectrum of investment management and advisory services, both on the investor side and advisory side. Coming across from Invesco, he was running their real estate investment management business in South East Asia and successfully grown the assets under management in Singapore from zero to USD200 million within an 18 months period after his relocation back to Singapore in 2011. Before returning to Singapore, he was Managing Director and Head of the Greater China operation of AIG Real Estate, spending more than six years in China. He previously also held the positions as international director for Jones Lang LaSalle China and country head for Jones Lang LaSalle Singapore, in addition to other senior roles in both the real estate investment and asset management divisions with the Government Investment Corporation of Singapore.
“From my investment management experience, it became obvious to me that the traditional investment services and advisory business have to change,” said Terence. “There has been a significant growth of institutional capital in Asia. More and more private Asian wealth capital is searching for investment opportunities regionally with better risk and return profile. It is important for the investment advisory business to be regionalised and institutionalised, because it is all about serving the interests of the clients and providing them with well thought-out solutions. Having an integrated regional structure will serve our clients well,”
Terence will be based in Singapore. Both Singapore and Hong Kong are the two major real estate markets in Asia, and where most of the investment funds and institutions are located.