PGIM Real Estate appoints David Fassbender as deputy head of Asia Pacific

PGIM Real Estate has appointed David Fassbender as deputy head of Asia Pacific, effective immediately. His appointment is part of the firm’s ongoing strategy in strengthening its leadership bench and positioning the Asia Pacific platform for future growth.

Fassbender, currently head of Japan, has been with PGIM Real Estate for over two decades. In this newly created role he will oversee portfolio management strategies across Asia Pacific, help drive the firm’s growth in the region and continue to lead its largest Asia Pacific business in Japan. Fassbender was instrumental in establishing PGIM Real Estate’s flagship Asia Pacific value-add (AVP) fund series, and he will retain his current role as senior portfolio manager for the AVP strategies, which have completed close to US$21 billion1 in total transactions since its inception.

Fassbender reports to Benett Theseira, head of Asia Pacific at PGIM Real Estate.

Theseira commented: “David has demonstrated exceptional leadership over the years, with a track record in delivering excellent outcomes for our Asia Pacific investment strategies. His promotion reflects PGIM Real Estate’s commitment to developing talents and nurturing future leaders. David’s strong business acumen, extensive industry network and solid investment management experience will be pivotal in helping investors navigate current market uncertainty and identifying the best opportunities in high-conviction areas as we continue to expand our regional business.”
Fassbender joined PGIM Real Estate in 2002, with diverse experience spanning the management of open- and closed-ended real estate funds, asset management and transactions, including property development, across all key markets in Asia Pacific. He was previously head of South East Asia based in Singapore.

Fassbender added: “PGIM Real Estate is in a unique position to leverage our deep investment heritage in Asia Pacific, along with our breadth of global expertise to deliver long-term value to our investors globally. I look forward to continue working closely with the team to drive future growth.”