PGIM Real Estate appoints portfolio manager for Asia core strategy

PGIM Real Estate has strengthened its Asia Pacific investment team with the appointment of Eileen Yong as executive director and deputy portfolio manager for its Asia core strategy, based in Singapore. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.2 trillion global investment management business of Prudential Financial.

Yong will be responsible for managing PGIM Real Estate’s Asia core strategy, which aims to deliver defensive total returns with a steady income by investing primarily in core, income-producing assets in the more liquid and mature markets across Asia Pacific. Yong steps in for Olivia Chow, portfolio manager, who will be moving internally to take on expanded portfolio management responsibilities in the region.

“In the rising interest rates and inflationary environment globally, we continue to see strong demand from global investors for Asia Pacific real estate solutions as they seek better risk-adjusted return a