Colliers International today announced that Mr Terence Tang has been appointed as Managing Director of Asia Capital Markets and Investment Services – a strategic move to set a new scene in the real estate market. Mr Tang will lead a dedicated team of investment professionals, comprising mainly the existing investment specialists across the Asia region.
"Integration and empowerment are keys to our restructuring of the Asia Capital Markets and Investment Services division. All our investment specialists will go beyond collaboration, striving for seamless integration,” says Mr Piers Brunner, Chief Executive Officer, Asia, Colliers International. “In this core group, the members’ expertise is not confined to their local markets; rather, they will be empowered with a comprehensive knowledge of major property markets in the region.”
“We are delighted to have Terence on board. His previous jobs have given him a deep insight into what an investor needs and wants from a service provider,” adds Mr Brunner.
Mr Tang has more than 24 years of extensive real estate experience that spans across a wide spectrum of investment management and advisory services, both on the investor and advisory side. Hailing from Invesco, Mr Tang relocated back to Singapore in 2011 to hold the helm of their real estate investment management business in South East Asia, and successfully grew the assets under management in Singapore from zero to USD 200 million within an 18-month period.
Prior to this, he was Managing Director and Head of the Greater China operation of AIG Real Estate, spending more than six years in China. He previously also held the positions as International Director for Jones Lang LaSalle China and Country Head for Jones Lang LaSalle Singapore, in addition to other senior roles in both the real estate investment and asset management divisions with the Government Investment Corporation of Singapore.
“From my investment management experience, it became obvious to me that the traditional investment services and advisory business have to change,” says Mr Tang. “There has been a significant growth of institutional capital in Asia. We are also seeing more private Asian wealth capital looking regionally for investment opportunities with better risk and return profile. It is important for the investment advisory business to be regionalised and institutionalised, because it is all about serving the interests of the clients and providing them with well thought-out solutions. Having an integrated regional structure will serve our clients well."
Mr Tang will be based in Singapore. Both Singapore and Hong Kong are the two major real estate markets in Asia, and where most of the investment funds and institutions are located.
“Our objective is to build a seamless and integrated structure that can serve the best interest of our clients,” says Mr Dennis Yeo, Managing Director, Singapore. “We now have the best team with the expertise and excellent service quality that can facilitate both inbound and outbound capital investments in Asia.”
The Asia Capital Markets and Investment Services is now an integrated service line across Asia. While all investment specialists continue to serve their clients at the local level, the newly restructured team will focus more on across-the-region and inter-region transactions. The specialists, who are empowered with knowledge and insights of the major markets across the region, will be able to take quick action, to develop innovative solutions, and to seize the market opportunity to accelerate success of our clients.
Other key executives in the Asia Capital Markets and Investment Services include:
- Antonio Wu, Deputy Managing Director, Asia Capital Markets and Investment Services and Colliers International, Hong Kong
Mr Wu is well-reputed in the industry, with more than 20 years of real estate investment experience. He has established very strong partnerships with institutional funds, owners and investors. He leads the Hong Kong Investment Services team, which concluded US$1.3 billion worth of transactions in 2012.
- Harvey Coe, Senior Director, Asia Capital Markets and Investment Services
Mr Coe is a well-recognised veteran in the real estate investment field with vast experience in buildingclient relationships, who has an in-depth knowledge on Asia’s real estate markets, particularly China and Hong Kong. He held various senior management positions prior to joining Colliers in 2012. He is in charge of the China Desk stationed in Hong Kong.