Principal Real Estate Investors bolsters global real estate team

13 January 2014   Category: News, Asia, Global, Singapore   By Asia Asset Management

Principal Real Estate Investors has hired Shern-Ling Koh and Julian Mittag as portfolio managers within its global real estate property securities team. Both will be based in Singapore where they will be responsible for identifying investment opportunities within the Asia Pacific region.

Andrea Muller, chief executive Asia, for Principal Global Investors, said: “In line with our commitment to growth in Asia, we continue to expand our investment management teams in Singapore and Hong Kong. Our REITs team has a strong track record and there is a growing appetite for REITs strategies in the Asia region.”

“We are pleased to welcome Shern and Julian to the team, each with extensive experience in Asia real estate,” added Kelly Rush, chief investment officer of global real estate securities at Principal Real Estate Investors. “Given the growth and wide range of distinct markets in Asia, adding portfolio management depth allows our team to further evolve alongside the region.”

Most recently, Mr. Koh served as the CEO and CIO at OSK International Asset Management, where he managed all investment mandates for their public and private equity business in Singapore. Previous to his work at OSK International, Koh was an investment analyst at Fidelity International Ltd.

Mr. Mittag joins Principal Real Estate Investors from SEB Asset Management, where he was an Asia real estate securities portfolio manager focusing on investing in real estate stocks.

Mr. Koh and Mr. Mittag will be part of the 13-member team responsible for managing global real estate strategies managed by Principal Real Estate Investors.