M&G Real Estate appoints new CIO and interim CEO, Asia

M&G Real Estate has appointed Lai Jing Dong as CIO and interim CEO, Asia. Reporting to Tony Brown, global head of M&G Real Estate, Lai will lead M&G’s real estate business and acquisition activities in Asia, including Australia.

Lai joined M&G in October 2016 as head of acquisitions, Asia. In March 2019, he took on an additional role as head of M&G Real Estate Japan. Since the commencement of his acquisitions role, he has overseen 15 transactions amounting to $2.9 billion of AUM on behalf of M&G Asia Property Fund (MAP), the oldest and largest open-ended core fund in the region. He has also taken the lead on investing on behalf of M&G’s value-add mandate, which was established in June 2019 and has so far invested in four commercial assets amounting to $512.1 million of AUM in Asia.

Lai has had more than 18 years of real estate investment experience. Prior to joining M&G, he was director and head of investments at Straits Real Estate,