Singapore-based real estate platform 99.co has roped in two key executives at senior level, while Aberdeen Standard Investments has appointed Ken Yajima as CEO and representative director of its Japan business.
SG’s 99.co makes two key hires
Singapore-based real estate platform 99.co has made two key executive appointments that will help shape the trajectory of 99.co within the real estate classifieds market, according to a statement.
Rajesh Grover, who was previously co-founder and managing director of Lamudi Sri Lanka and Bangladesh, is joining as the managing director of 99.co Indonesia.
Meanwhile, Vivek Kumar, who was previously one of the two product leads at MagicBricks, is named as the head of product.
“They are true powerhouses, having raised start-ups of their own and had outstanding achievements in their fields,” said Darius Cheung, 99.co CEO.
In his new role, Grover will be responsible for driving profitability of Indonesia operations while growing the business. Kumar, on the other hand, will focus on delivering and scaling products for 99.co’s markets.
Both of them have been entrepreneurs in the past, having created and sold previous companies.
99.co brings to market design-centric innovations in real estate, merging geolocation and market data in helping end-users and agents make the best property decisions.
The company, founded by serial entrepreneurs Darius Cheung, Yan Phun and Conor McLaughlin, is backed by key investors East Ventures, Eduardo Saverin, Sequoia (India), Allianz X and Mindworks Ventures.
Aberdeen Standard appoints Japan CEO
Aberdeen Standard Investments (ASI) has appointed Ken Yajima as CEO and representative director of its Japan business, according to an announcement.
Based in Tokyo, Ken succeeds Neil Slater, who has been appointed deputy head of private markets and global head of real estate. Both appointments will be effective from October 2019.
Ken, who has over two decades of experience in Japan’s asset management and financial services industry, was most recently head of distribution and a member of the board of director at Schroders Japan. Prior to that, he has had a 15-year stint at JP Morgan in senior positions.
“Japan is a strategic priority for Aberdeen Standard Investments. Ken brings deep insights into the Japanese asset management industry and a wealth of experience in distribution and business management,” Hugh Young, the company’s head of Asia Pacific, said in a statement.
ASI (Japan) Limited was created in December 2017 from the merger of Standard Life Investments (Japan) Limited and Aberdeen Investment Management K. K. The firm has had a presence in Japan since 2006.
Aberdeen Standard Investments managed $669.6 billion of assets globally as at June 30, 2019.