PGIM has appointed David Fassbender as head of Asia Pacific for its real estate business, effective July 1. Based in Tokyo, Fassbender will lead the Asia Pacific real estate business and spearhead its next phase of growth in the region.
Fassbender succeeds Benett Theseira, who will retire following a 36-year career in real estate, including 15 years at PGIM. Under Theseira’s leadership, PGIM’s Asia Pacific real estate platform expanded significantly into a team of 100 professionals across six markets, with a comprehensive suite of equity and debt strategies that span the risk-return spectrum.
With 23 years of experience at PGIM’s real estate business, Fassbender has demonstrated strategic leadership in various senior positions, including head of Southeast Asia, head of Japan, and deputy head of Asia Pacific. He brings deep insights into the Asia Pacific region, a wealth of investment expertise managing both open- and close-ended real estate funds, as well as exte
