Management Board
The members of the Management Board (MB), the majority of whom are institutional investors, set the strategic direction of the Association and have delegated day-to-day management to the Executive Office. The MB is regularly advised on strategic direction by the Investor Advisory Board.
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close01ChairpersonChiang Ling NgChief Investment Officer, Asia - Hines
Chiang Ling Ng serves as Chief Investment Officer, Asia, and is responsible for investment and fund strategies for Hines in the Asia region. She provides additional coverage for Asian investors to access global opportunities and plays a key role in steering Hines’ global investment strategy as a member of the firm’s Executive and Investment Committees.
Based in Singapore, Chiang Ling brings more than 25 years of investment management experience in the Asian real estate private equity industry, having previously held leadership roles at M&G Real Estate Asia and the real estate private equity division of Goldman Sachs.
Chiang Ling is the current chairperson for the Asian Association for Investors in Non-Listed Real Estate Vehicles (ANREV) and served as the association’s deputy chairperson from 2022-2023.
Chiang Ling is a graduate of Princeton University and holds a BSE in Electrical Engineering. She is fluent in English, Mandarin and Japanese.
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close01Graham MackieManaging Director, Head of APAC, Tishman Speyer
Graham is based in Singapore and is responsible for managing GRE - APAC's platform and executing the regional strategy, investing and managing real estate and engaging with clients across the region. He also provides an APAC perspective into the overall global strategy. Graham is a member of the GRE Management Committee.
Prior to this, Graham was the regional head of GRE's Multi-Manager (GMM) team in APAC, where he was responsible for investment in multiple real estate funds across the Asia Pacific region. In addition, Graham was involved in the marketing of GMM products and services to the client base in the APAC region.
Prior to joining UBS in 2008, Graham was a Financial Analyst at AXA REIM Japan (2006-2008), where he helped establish AXA REIM's operation in Japan and was responsible for investing in both direct and indirect Japanese real estate and developing client relationships. Before that, Graham was an Analyst at AXA REIM London (2003-2006), where he was part of a team which launched, invested and managed the first London listed pan-European real estate company. Graham also worked at AXA IM Paris (2002-2003) where he was involved in capital raising for a variety of asset classes.
Graham sits on the Management Board and the Executive Board of ANREV, where he is also the Chairman of the Investor Advisory Board. In addition, Graham is a CFA Charterholder.
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close01Esther TeoSenior Vice President, Head of Southeast Asia, GIC Real Estate
Esther is responsible for GIC Real Estate's investments in Southeast Asia, including Indonesia, Vietnam, Malaysia, Thailand and the Philippines. Over her 15 years in GIC Real Estate, she has been involved in investments and asset management across Asia markets such as Australia, China, India, Korea, Hong Kong and Taiwan.
Esther holds a Diplom Kauffrau from Ludwig-Maximilians Universitaet in Munich, Germany and a Master of Science in Management Science and Engineering from Stanford University in the USA.
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Guy Fulton
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close01Megan WaltersGlobal Head of Research, PIMCO Prime Real Estate Asia Pacific
Dr Megan Walters is Global head of research at PIMCO Prime Real Estate Asia Pacific. Prior to this Dr Walters led a team of 170 researchers at JLL as head of research Asia Pacific and was member of the leadership board at JLL Asia Pacific. Before pursuing research, Dr Walters worked for a real estate investment firm, a development company on PFI deals for schools and hospitals, a hotels firm and as an academic.
Dr Walters is a Fellow of the Royal Institution of Chartered Surveyors, she has a PhD in real estate economics from University of Hong Kong, and degrees from the University of Reading. She currently serves as a Global Governing Trustee of ULI, and sits on the ANREV research committee and on the Asia Pacific board of the RICS.
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close01Min H. LimPartner, Head of Asia Pacific, The Townsend Group
Min H. Lim is a Partner, Head of Asia Pacific, and member of the Investment Committee at The Townsend Group. Mr. Lim is responsible for leading Townsend’s business across Asia Pacific including investment, portfolio management, and business development.
Prior to joining The Townsend Group, Mr. Lim was an Associate with AllianceBernstein’s Real Estate Private Equity Group in New York, where he was responsible for underwriting, executing, and asset managing real estate investments in office, multifamily, condominium, and hotel properties in the US. Prior to AllianceBernstein, Mr. Lim was an Analyst at Citigroup Real Estate Investment Banking in New York. At Citigroup, Mr. Lim primarily worked on advising public REITs on M&A transactions, strategic alternatives, and public and private capital formation.
Mr. Lim received a Bachelor of Science in Business Administration concentrating in Finance from Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. He currently serves on the Management Board and Investor Advisory Council of ANREV (the Asian Association for Investors in Non-Listed Real Estate Vehicles).
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close01Nicholas LoupGroup Vice Chairman, CEO Chelsfield Asia
Nicholas Loup is Chief Executive Officer of Chelsfield Asia and Group Vice Chairman. Chelsfield is a leading real estate development group focused on the principal cities of Europe, Asia and the U.S. Since 1986 the business has constantly evolved to encompass and develop emerging market practices.
Nick is a General Committee member of the British Chamber of Commerce and a director of the Spinal Cord Injury Fund. He is also Chairman of the Asian Association for Investors in Non-Listed Real Estate Vehicles Limited (ANREV), of which he is a founder member; Vice Chairman of the Council of China's Foreign Trade. In 2014 he became President of the MIPIM Asia Awards Jury.
Nick was Chief Executive of Grosvenor Asia Pacific with offices in Hong Kong, and a member of the Group Executive Committee and Group Board. He established operations in Asia Pacific in 1994 in Hong Kong; the company now has further offices in Tokyo and Shanghai. Previously, Nick has been a director of Asia Standard International and a non-executive director at Bridge Capital Delhi and PCD a department store business in China. He has also been a member of the World Economic Forum's Fiscal Sustainability Global Agenda Council (GAC) and on the Asia Acquisition Committee of the Tate. Prior to arriving in Asia, Nick was a director of Trafalgar House Developments, with responsibility for developments in London's West End.
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close01Paul KeoghManaging Director, Morgan Stanley Real Estate Investment
Paul Keogh is a Managing Director of Morgan Stanley and Head of PRIME Property Fund Asia, Morgan Stanley’s flagship fund in Asia. He has been based in Asia for approximately 19 years of his 27-year career in real estate. Prior to joining Morgan Stanley in 2014, Paul served as Head of Real Estate Direct Investments for Australian Super where he led the establishment of the global direct investment platform.
Paul has been CIO of RREEF Asia Pacific (now DWS), where he also served as Chairman of the RREEF Asia Pacific Investment Committee, member of the RREEF Global Investment Committee and President of RREEF Korea.
Paul is the current Chairman of the Manager Advisory Council of the Asian Association of Investors in Non-Listed Real Estate Vehicles (ANREV).
Paul received a Bachelor of Business – Property, from RMIT University.
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close01Peter KimManaging Director, Asia, QuadReal
Peter Kim joined QuadReal in November 2017 and holds the dual role of Managing Director, Asia, and Global Head of Strategic Partnerships. His focus is on building QuadReal’s international portfolio, with an emphasis on its investments in the Asia-Pacific region, as well as originating, structuring, and managing the firm’s strategic relationships with institutional partners across the globe.
Peter was formerly a Senior Portfolio Manager in the Real Estate and Infrastructure Department at the Abu Dhabi Investment Authority (ADIA), based in Abu Dhabi and specifically focused on Asia Pacific direct investments. Prior to ADIA, Peter was a Managing Director at CBRE Investment Management (formerly CBRE Global Investors) in Hong Kong where he had a dual role as Head of Acquisitions for Asia Pacific and Fund Manager of the CBRE Phoenix Real Estate Fund, a pan-Asian opportunistic strategy. He also spent 11 years in the New York, London, Tokyo, and Hong Kong offices of Lehman Brothers where he last held the position of Head of Real Estate Investment Banking for Asia.
Peter graduated Cum Laude with a Bachelor of Arts Degree from Wesleyan University in Middletown, Connecticut.
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close01Sean K. LeeManaging Director / Group Head, Real Estate Group - Korea Investment Corporation
Mr. Lee Sean K.(Seung Kul) is a Managing Director and global head of real estate group in KIC. Before that, he was heading Asia RE & Infra investment and based in Singapore for almost 4 years. He mediated the investment allocation of RE & Infra portfolio and executes global real estate deals directly and indirectly before he moved to Singapore. He was also in charge of strategic asset allocation and risk budgeting as a director, and senior portfolio manager on fixed income investments.
Mr. Lee has over 23 years of investment experience. Prior to join the KIC, he worked as head of product development team for IBK - Societe Generale asset management for 5 years. At that period, he initiated and launched various overseas products such as Market neutral strategy, India Infrastructure and Gold Mining equity fund. He also fulfilled Investment bank experience in Samsung before he moved to asset management territory.
Mr. Lee earned his LL.B. degree from Sungkyunkwan University in Korea, and two Master’s degree focused on finance in Broad Graduate school of Management, Michigan State University and real estate in National University of Singapore.
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close01Stephen A. TrossChief Investment Officer - International Investments, Bouwinvest Real Estate Investors B.V.
Stephen Tross joined Bouwinvest as COO International Investments in 2009.
As per January 1st, 2010 he was appointed Chief Investment Officer - International Investments and subsequently joined the Management Board of Bouwinvest.
He has over twenty years of experience in the international real estate industry. Previously, he was a Director at KPMG responsible for KPMG's real estate audit practice in The Netherlands and held several positions with PricewaterhouseCoopers in The Netherlands, the U.K. and the U.S. Stephen also serves on the Management Board of ANREV, the Asian Association for Investors in non-listed real estate vehicles, and on the Board of Directors of AFIRE, the Association of Foreign Investors in Real Estate with main focus on the US.
He is a certified public accountant in the Netherlands and a professional member of The Royal Institution of Chartered Surveyors.