AXA Real Estate Investment Managers (AXA REIM) has announced the opening of its new Asian headquarters in Singapore. In a statement, AXA REIM said that it has invested nearly 25% of the $2 bn committed by its clients since the firm entered the Asian market 18 months ago. The new operations in Singapore will help to further build AXA REIM's presence and leverage the opportunities present on the continent, the company said.
AXA Real Estate Investment Managers (AXA REIM) has announced the opening of its new Asian headquarters in Singapore. In a statement, AXA REIM said that it has invested nearly 25% of the $2 bn committed by its clients since the firm entered the Asian market 18 months ago. The new operations in Singapore will help to further build AXA REIM's presence and leverage the opportunities present on the continent, the company said.
'Asia is becoming a strategic destination for the real estate investors and we want to support our AXA Group and third party client efforts in diversification and creation of value,' said Pierre Vaquier, CEO of AXA REIM.
Additionally, the company said that it has appointed Frank Khoo as global head of Asia. Based in Singapore, he will report directly to Pierre Vaquier, and will be part of the AXA REIM Executive Committee. In this new role, Khoo will coordinate the development of AXA REIM's investment and asset management activities in the region. He will manage the development of investment platforms in Japan and India and will set up a local presence in other parts of the region which are important to AXA REIM's strategy. Frank will also contribute to the launch of Asian investment funds to develop AXA REIM's asset base in Asia on behalf of its clients.
