Global investment firm KKR has named Tom Lee as managing director and head of Australia and New Zealand real estate, while Scottish investment manager Aegon Asset Management has appointed Franky Tam as general manager and legal representative of its wholly foreign-owned enterprise subsidiary in China.
Tom Lee joins KKR’s real estate team in Australia
Global investment firm KKR has named Tom Lee as the managing director and head of Australia and New Zealand Real Estate, effective May 3, 2021. Lee will be responsible for KKR’s real estate platform across Australia and New Zealand, and expanding its real estate strategies across Asia. He will also join the KKR Asia Real Estate Investment Committee.
Before joining KKR, Lee was most recently CEO of LOGOS, a logistics real estate investment manager with operations across Asia Pacific. Prior to that, he held senior roles at BlackRock, MGPA, and Lendlease in Asia, Europe, the US, and Australia.
KKR has been investing in Australia since 2006, and since then, has invested or committed more than $7 billion (A$9 billion) of equity into companies across asset classes including real estate, private equity, and credit. KKR’s Asia Pacific real estate platform invests in assets and platforms, utilising equity and debt in both emerging and developed markets.
Australia is a key part of both KKR’s real estate and Asia Pacific investment strategies, the company said.
The global investment firm has deployed more than $1.5 billion (A$2 billion) of equity in Asia Pacific across approximately 20 real estate transactions since 2011, including investments in mixed-use, commercial, industrial, hotel, office, and retail properties.
Aegon Asset Management appoints GM in China
Scottish investment manager Aegon Asset Management has appointed Franky Tam as the general manager and legal representative of its wholly foreign-owned enterprise subsidiary in China, according to an announcement.
Tam started his new role on March 1, 2021 in the firm’s Shanghai office, reporting to Mabel Cho, regional head of Asia at Aegon. Tam will initially focus on the completion of the licence registration with Asset Management Association of China (AMAC) and the launch of a Qualified Domestic Limited Partnership (QDLP) fund. Tam joined Aegon AM in March 2019 as China sales director, working with Aegon AM’s team in Hong Kong.
Prior to this, he was the vice president of China Institutional & Retail Business at Neuberger Berman based in Shanghai, where he helped the firm implement its China onshore and offshore strategy.
Aegon has long pursued a strategy of growth in the Chinese market and the region has been identified as a key growth market for the business moving forward.
Aegon Group has had a presence in China since 2003 and currently has a life insurance joint venture through Aegon TsingHua TongFang (ATHTF) based in Shanghai, while Aegon Asset Management (Aegon AM) began providing fund products and asset management services to the local domestic market in 2008 via its fund management joint venture Aegon-Industrial Fund Management Company.