David Fassbender

PGIM Real Estate has appointed David Fassbender as its deputy head of Asia-Pacific, it says, as part of the firm’s ongoing strategy in strengthening its leadership bench and positioning the Asia-Pacific platform for future growth.

Currently head of Japan, Fassbender has been with the company for over two decades. In this newly created role, he will oversee portfolio management strategies across Asia-Pacific, help drive the firm’s growth in the region and continue to lead its largest Asia-Pacific business in Japan.

Fassbender was instrumental in establishing company’s flagship Asia-Pacific value-add ( AVP ) fund series, and he will retain his current role as senior portfolio manager for the AVP strategies, which have completed close to US$21 billion in total transactions since its inception.

Previously head of Southeast Asia, Fassbender, based in Singapore, reports to Benett Theseira, the company’s head of Asia-Pacific. He joined the company in 2002. He has diverse experience spanning the management of open- and closed-ended real estate funds, asset management and transactions, including property development, across all key markets in the region.

“Fassbender has demonstrated exceptional leadership over the years, with a track record in delivering excellent outcomes for our Asia-Pacific investment strategies,” Theseira adds. “His strong business acumen, extensive industry network and solid investment management experience will be pivotal in helping investors navigate current market uncertainty and identifying the best opportunities in high-conviction areas as we continue to expand our regional business.”