PGIM Real Estate has appointed Richard Price as a managing director and senior portfolio manager, international equity.He will work in partnership with the portfolio management teams of PGIM Real Estates European, Latin American and Asia Pacific strategies, focusing on the coordination of investment themes and opportunities on behalf of our global investors.Price brings more than 25 years of global real estate experience to PGIM Real Estate. Most recently, he served as the co-head of BGOs prop-tech innovation and investment team and was the chief operating officer of BGOs Global Capital Raising and Investor Relations group.Prior to BGO, he was a senior advisor to the Accord Group, and before that, served

PGIM Real Estate has appointed Richard Price as a managing director and senior portfolio manager, international equity. He will work in partnership with the portfolio management teams of PGIM Real Estates European, Latin American and Asia Pacific strategies, focusing on the coordination of investment themes and opportunities on behalf of our global investors. Price brings more than 25 years of global real estate experience to PGIM Real Estate. Most recently, he served as the co-head of BGOs prop-tech innovation and investment team and was the chief operating officer of BGOs Global Capital Raising and Investor Relations group. Prior to BGO, he was a senior advisor to the Accord Group, and before that, served for a decade in Hong Kong as the CEO of CBRE Global Investors, Asia Pacific. Price has also held management positions at ING Clarion in New York and ING Real Estate Investment Management in Europe and started his career at Brooke Hillier Parker in Ho

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PGIM Real Estate hires Richard Price into key international equity role

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Richard is a Managing Director and Senior Portfolio Manager for International Equity at PGIM Real Estate, a position he has held since July 2024. He is also the Founder of KWARP Investments. Prior to this, he served as an Advisor at Juniper Square from July 2019 to June 2024 and as a Managing Director at BGO from October 2020 to August 2023. Additionally, he was a Non-Executive Director at Chayora from June 2015 to December 2021.

From July 2019 to September 2020, Richard worked as a Senior Advisor at Accord Group Holdings LLC. He was the CEO for Asia Pacific at CBRE Global Investors from October 2011 to February 2019 and served as CEO for Asia at ING Real Estate Investment Management from July 2008 to October 2011. Earlier in his career, he was a Managing Director at ING Clarion from July 2004 to July 2008.

Richard completed the Stanford Executive Program at Stanford University Graduate School of Business in 2014 and earned a Bachelor of Arts (B.A.) in Joint Honours, Chinese and Business from the University of Leeds from 1989 to 1993.

PGIM Real Estate has appointed David Fassbender as country head of Japan, in addition to his current role as senior portfolio manager of the firms Asia Pacific value-add strategies. His predecessor Morgan Laughlin becomes global head of Data Center Investments. Fassbender has more than two decades experience in real estate, investing across multiple sectors in Japan for PGIM Real Estates Asia Pacific value-add fund series, according to a statement by the firm. Fassbender will oversee PGIM Real Estates business strategy and operations in Japan, leading a team of over 30 professionals based in Tokyo. He will continue to manage the Asia Pacific value-add strategies, which have a total transaction volume of $3.8bn in the Japanese markets to date. Fassbender joined PGIM Real Estate in 2002 and was previously head of South East Asia based in Singapore. His experience in real estate includes the management of open- and closed-ended real estate funds, asset management and transactions, including property development. Fassbender replaces Morgan Laughlin, who is moving into an advisory role for the real estate business in Japan. "The appointment reiterates our commitment to growing the Japan business, while continuingly strengthening our global data center franchise to address client needs," said Benett Theseira, head of Asia Pacific for PGIM Real Estate. Laughlin will focus on growing the PGIM Real Estate global data centre business and leading portfolio development and management for all its data centre investment strategies. The firm has been expanding its data centre capability since completing its first investment in the sector over a decade ago. As investors increasingly incorporate digital infrastructure investment into their portfolios, PGIM Real Estate is committed to delivering attractive data center investment opportunities to institutional and high-net-worth investors globally. Both Fassbender and Laughlin will remain on the PGIM Real Estate Asia Pacific executive council and investment committee. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.22trn global investment management business of Prudential Financial, Inc. In September 2023, PGIM announced the formation of PGIM Private Alternatives, which brings together the firms private alternatives capabilities. PGIM manages $310bn in private alternative strategies across real estate, agriculture, private credit, and private equity. These strategies are managed by PGIM Real Estate, PGIM Private Capital, and Montana Capital Partners.

PGIM Real Estate Welcomes Richard Price As Managing Director

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