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 Committee (EC). The MB is regularly advised on strategic direction by the Investor Advisory Board.
ChairmanStephen A. TrossChief Investment Officer - International Investments , Bouwinvest Real Estate Investors B.V.close01ChairmanStephen 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.
close01Deputy ChairChiang Ling NgChief Investment Officer, Asia - HINES
Ms. Ng serves as Chief Investment Officer, Asia, and is responsible for developing investment and fund strategies for the Hines Asia Pacific (APAC) Region and Eurasian Region for India, while also providing additional coverage for Asian investors to access global opportunities and supporting the overall investment activity of the firm. She is a member of Hines’ Executive and Investment Committees. Based in our Singapore office, Ng brings more than 20 years of experience in the real estate private equity space spearheading investments and coverage across APAC.
Before joining the firm in 2021, Ng served as the CEO and Chief Investment Officer for M&G Real Estate’s Asia business, and she worked in the real estate private equity division of Goldman Sachs where she oversaw the division’s expansion into China and was responsible for investments and coverage across Asia Pacific.
Ng is a graduate of Princeton University and holds a BSE in Electrical Engineering. She is fluent in English, Mandarin and Japanese.
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.
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.
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.
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.
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.
close01Megan WaltersGlobal Head of Research, PIMCO Premier Real Estate
Dr Megan Walters is Global head of research at PIMCO Premier Real Estate. 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.