PGIM Real Estate has appointed Matthew Yao as head of China. PGIM Real Estate is the real estate-investment business of PGIM, the $1.5 trillion global investment-management businesses of Prudential Financial.
PGIM Real Estate has a strong 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.
As head of China for PGIM Real Estate, Yao will be responsible for the oversight, strategic development and growth of PGIM Real Estate's businesses in China. In this new role, Yao will oversee the Shanghai-based investment team that supports the deployment of PGIM Real Estate’s pan-Asian investment funds in China. His focus will be on growing PGIM Real Estate’s pool of investment opportunities, through joint-venture partnerships and strengthened domestic-capital relationships, as well as developing future investment vehicles in China.
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