Published by WealthBriefingAsia – 3rd March 2015
Aberdeen Asset Management has expanded its direct property investment team with the appointment of William Shaw, as part of a growth drive in Asia-Pacific.
Aberdeen Asset Management has hired William Shaw as head of segregated property mandates, Asia-Pacific.
Shaw takes on the newly created role within the direct property investment team. Most recently as a consultant in Hong Kong, he advised on over $1 billion worth of local and international real estate investments. His 20 years’ experience in Asia covers Japan, Hong Kong and Singapore, as well as emerging regions including China, Thailand and Vietnam.
“Aberdeen is now the second largest property asset manager in Europe and William’s appointment is part of our aim to replicate that success in Asia,” said the company’s property chief investment officer, Russell Chaplin, in a statement.
“While we already have ten years of experience investing in Asian property funds, William’s intimate knowledge of local markets will be vital as we look to grow our direct assets under management in the region.”
Among the drivers of investment into Asia’s property space are China’s shift towards domestic-led consumption and the emergence of Asia’s middle class, Aberdeen said.
As of 31 December 2014, the company managed assets of $504.1 billion with global operations across 23 countries.
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