Allianz Real Estate names new Asia Pacific head

Scott Kim has been appointed head of Asia Pacific real estate at Allianz Real Estate, effective July 1, according to Mingtiandi.

Kim previously led the real estate investment division of South Korea’s National Pension Service when NPS formed a $2.3 billion fund with Allianz in 2020. He served in this position at NPS from 2013 to October 2021.

Kim succeeds Rushabh Desai, who resigned in March after more than five years with the firm. Desai joined the company in 2016 to develop Allianz’s Asia Pacific real estate platform, which now has some $9.2 billion in assets under management, approximately 10 percent of the firm’s global property portfolio.

Kim will be based in Singapore and report to Francois Trausch, Allianz’s global chief executive, with whom Kim worked while at GE nearly a decade ago. Desai, too, previously worked with Trausch at GE.