HONG KONG, SINGAPORE, 1 November 2021 – PGIM Real Estate has appointed Matthew Yao as Head of China. PGIM Real Estate is the real estate investment business of PGIM, the US$1.5 trillion global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate has a track record of investing in China since 1999 and has invested across the major asset classes, including residential, office, retail and more recently logistics and co-living apartments.
In this new role, Matthew will oversee the Shanghai-based investment team that currently supports the deployment of PGIM Real Estate’s pan-Asian investment funds in China.
Benett Theseira, PGIM Real Estate’s Head of Asia Pacific comments, “China has always been an important market within our regional strategy, and we expect to expand our investment activity as well as grow our capital relationships there. We see strong potential in the Chinese economy’s growth, as it contributes increasingly to a major portion of the global economy and investment-grade real estate pie.”
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