The property investment division of UK insurer Prudential has appointed Malcolm Smith as chief operating officer. It comes as the real estate investor continues to dispose of assets. The firm has sold six properties in the UK since January.
1 min read · 21 January 2013
American International Group is close to selling its $1 billion Japanese headquarters as it looks to reduce its debt position. In a report by the Wall Street Journal, the embattled insurer has attracted at least two bidders for the 15-story building.
1 min read · 21 January 2013
Bill Hughes, the newly-installed chairman of the UK’s Association of Real Estate Funds and head of property at British insurer Legal & General, tells PERE this month that one of his focal points is examining the structure of open-ended vehicles following mass redemptions across Europe.
1 min read · 21 January 2013
Adelaide Gray is joining the UK insurer's property team from property services firm King Sturge to enhance the group's knowledge of trends affecting its specialist portfolio of assets.
1 min read · 21 January 2013
The asset management arm of the German insurance firm has appointed Stefan Brendgen as its chairman and CIO with effect from next year. The move will release current CEO Karl Ralf Jung to return full time to managing Allianz’s private equity, real estate and infrastructure investments.
2 min read · 22 January 2013
Aviva Investors' rebranding – with its recent hire of Steve Felix – is the latest example of large insurance companies expanding their investment management business.
4 min read · 22 January 2013
The real estate investment arm of insurer Prudential Financial and Hong Kong company Minmetals are reportedly buying a 99 percent stake in a housing project in Nanjing, China.
2 min read · 22 January 2013
The former chief executive officer of Credit Suisse asset management, David Blumer, will be replaced by Rob Sharif after taking up a new role as head of financial markets at Swiss Re.
2 min read · 22 January 2013
The China Securities Regulatory Commission has taken steps to give the country’s securities firms access to the private equity market, as China continues to formalise its regulation of domestic private equity.
2 min read · 22 January 2013
The private equity real estate division of J.E. Robert Companies intends to build a scalable platform of low-price hotels in Britain.
4 min read · 22 January 2013
