Manulife Real Estate Expands Management Team to Support Growth in Asia
Hong Kong – Manulife Real Estate today announced the appointment of Kenneth Tsang to the newly created position of Managing Director, Head of Real Estate Asset Management, Asia. Based in Hong Kong, Mr. Tsang reports to Ted Willcocks, Global Head of Asset Management, Real Estate.
In his role, Mr. Tsang will oversee Manulife’s growing real estate investments in Asia including Hong Kong, Shanghai, Singapore, Melbourne and Sydney.
Mr. Tsang’s appointment supports Manulife’s strategy for rapid growth in Asia where Manulife most recently expanded its USD$2 billion Asia footprint with strategic CBD office acquisitions in Melbourne, Australia and Singapore.
“As we execute our global real estate strategy and rapidly expand our real estate footprint in Asia, Kenneth will be instrumental to our growth strategy in managing assets, optimizing returns and exploring investment opportunities in key Asian markets,” said Ted Willcocks, Global Head of Asset Management, Real Estate.
Mr. Tsang brings more than 20 years of experience managing office, industrial, residential and mixed-use real estate across the region. In his new position, he will be responsible for asset management and the overall performance of the real estate portfolio, while implementing effective business strategies and programs to maximize portfolio returns.
In his previous role, Mr. Tsang was General Manager, Property at KHI Holdings Group, and a member of the company's management team where he co-led the acquisition, asset management and divestment of real estate assets in Australia, China, Hong Kong, Japan and the U.K. He was responsible for the management of a portfolio of real assets, which included direct investments, co-investments, JV partnerships, real estate portfolios, and real estate private equity funds. He was Execuitve Director, Development - Real Estate Asia, JPMorgan Asset Management Real Assets (Asia) Ltd. Prior to joining KHI Holdings Group.
Mr. Tsang received his Honours Bachelor of Science degree from the University of Hong Kong and his Honours Bachelor of Law degree from the University of London, U.K. He is based in Hong Kong.
About Manulife Real Estate and John Hancock Real Estate
Manulife has been investing in and managing direct core and core-plus real estate for more than 80 years. Operating as John Hancock Real Estate in the U.S. and Manulife Real Estate elsewhere, we invest, own, develop and asset manage commercial real estate in major metropolitan cities across the globe. We leverage our fully integrated in-house capabilities to serve our customers and investors as well as manage the space requirements and own use facilities for Manulife and John Hancock operations around the world.
Manulife Real Estate is the global real estate arm of Manulife and is a unit of Manulife Asset Management Private Markets where we extend our unique asset management capabilities for the benefit of institutional investors. As of December 31, 2018, the Manulife Real Estate portfolio totaled more than 58 million square feet with an AUM fair market value of C$23.7 billion.
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2018, we had more than 34,000 employees, over 82,000 agents, and thousands of distribution partners, serving almost 28 million customers. As of December 31, 2018, we had over $1.1 trillion (US$794 billion) in assets under management and administration, and in the previous 12 months we made $29.0 billion in payments to our customers. Our principal operations in Asia, Canada and the United States are where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Manulife Media Contact (Hong Kong)
+852 2510 3180