Oxford Properties Group, the global real estate investment arm of Canadian pension fund OMERS, has rejigged its leadership teams in Europe and Asia Pacific. Meanwhile, Hong Kong-based insurance firm Peak Re and Singapore’s Reebelo have also made senior hires.
With eye on APAC, OMERS’ Oxford Properties rejigs leadership
Oxford Properties Group, the global real estate investment arm of Canadian pension fund OMERS, has rejigged its Asia-Pacific and Europe leadership team as part of its plan to increase its APAC portfolio to 25 per cent, according to a statement.
Paul Brundage, executive vice president, Europe and APAC, will move to OMERS as its deputy chair of investments, effective from October 1. Brundage joined OMERS’ real estate business in 1998 and moved to Oxford after its acquisition by OMERS in 2001. Brundage will remain in London and work alongside OMERS investment businesses on a variety of global initiatives.
Meanwhile, Joanne McNamara and David Matheson have been promoted to executive vice presidents, Europe and APAC, and will assume overall responsibility for Oxford’s European and APAC businesses. These two new roles will replace Brundage’s position to reflect the growing size and importance of Oxford’s APAC and European businesses, the firm said in the statement.
Since 2018, Matheson has led Oxford’s push into APAC, overseeing over 5 billion pounds ($5.85 billion) in transactions, including the Investa Office Fund acquisition in Australia and 850 million pound investment in ESR.
Oxford said it is also looking to enter India.
HK-based insurer Peak Re appoints new director of markets
Hong Kong-based insurer Peak Reinsurance Company Limited (Peak Re), a subsidiary of Fosun International, has appointed Andrew Souter from Pioneer Underwriters/Syndicate 1980 as its director of markets, with effect from early November.
Souter will oversee the clients’ portfolio in global markets and will be responsible for developing Peak Re’s property and casualty reinsurance business.
Souter has 18 years of experience in the finance industry, having worked at global insurers as well as Japanese and APAC reinsurers. Prior to Pioneer Underwriters, he had spent a decade with Willis Re.
“We are excited to have Andrew joining us. His extensive experience working with the capital markets and strong client relationships with global insurers will strengthen our ILS [insurance-linked securities] capabilities and will help us to continue to bring unique and innovative (re)insurance solutions to both our customers and investors as we expand further as an organisation,” said Franz Josef Hahn, CEO of Peak Re.
Singapore’s Reebelo ropes in Lazada, Zilingo executives
Reebelo, a Singapore-based marketplace for refurbished electronics, has hired former Lazada and Zilingo leaders Yan Chan and Martin Tan to support its APAC expansion.
Yan and Martin will lead the startup’s ops and commercial efforts, from vendors’ product offering development to delivering service and experience to customers.
“As leaders and key contributors for Lazada and Zilingo — from scaling up single-digit person teams to global businesses — Yan and Martin’s careers have been focused on defining and executing ops and commercial strategies,
building high performing teams and delivering scalable and profitable business directions,” commented Reebelo’s CEO Philip Franta.
The startup raised $1.25 million in seed funding in June 2020 and expanded its operations to Australia with the appointment of Gulrez Tyebji as the country’s managing director.