DTZ looks to Citi for global head of institutional capital

Real estate adviser DTZ has appointed David Schaefer head of DTZ Investment Management, Asia-Pacific and global head of Institutional Capital for DTZ Investment Management. He joins DTZ with immediate effect and will be based in Hong Kong.

In his new role, Schaefer will be responsible for building DTZ’s investment management business in Asia Pacific. As global head of Institutional Capital, he will focus on broadening the DTZ Investment Management client base globally.

Schaefer said, 'With the changes that have taken place in the real estate fund management business globally, DTZ Investment Management is in a unique position to expand its market share, and in particular in Asia-Pacific. The firm has a world class team of talent, an unparalleled record of investment management in the UK, and the passion of an entrepreneurial organisation.'

Schaefer brings over 30 years' experience in property investment management, property leveraged buyouts, corporate planning and corporate development to DTZ. Most recently he was at Citigroup where he was Managing Director, Head of Asia-Pacific at Citi Property Investors (CPI) in Hong Kong.