Chiang Ling Ng joined the Singapore office of Houston-based real estate firm Hines Investment Management on Tuesday as chief investment officer, Asia.
The position is new, reflecting a new global strategy aimed at bolstering Hines' capabilities to support clients across the Asia-Pacific region, a spokeswoman for the firm said.
Ms. Ng reports to David Steinbach, global chief investment officer. Ms. Ng will help the firm in "elevating our investment management platform and capitalizing on the growing market opportunities in the Asia-Pacific region as we strive to be the partner of choice globally," Mr. Steinbach said in a news release.
Hines was investment manager for $75.5 billion in assets under management, while providing third-party property-level services for another $68.6 billion as of June 30, the release said.
Since opening Hines' first Asia-Pacific office in China in 1996, the firm's footprint in the region has expanded to include 194 employees in 15 cities in Australia, China, Hong Kong, India, Japan, Korea and Singapore, with $4.2 billion in assets under management, the news release said.
Ms. Ng joined from the Singapore office of London-based M&G Real Estate where she was CEO and chief investment officer of the firm's Asia business.
M&G Real Estate is "in the process of recruiting a successor and will announce this in due course," according to a statement from the firm.