ING hires ex-Deutsche property stock picker
ING Clarion expands its listed real estate equities coverage in Hong Kong with Nelson Wong.
Nelson Wong has joined ING Clarion Real Estate Securities as a senior investment analyst in the firmÆs Hong Kong office.
He moves from Deutsche Bank where he covered Hong Kong and Chinese investment companies plus Hong Kong property developers. Previously he covered real-estate companies at Morgan Stanley. In this new role, he will be evaluating the listed equities of Asia PacificÆs real-estate companies.
Wong will report to Steve Burton, managing director of ING Clarion Real Estate Securities, who is based in Philadelphia.
ING Clarion is the real-estate equity management arm of ING real estate, which has total assets under management of $102 billion. The listed real-estate equities portfolio of ING Clarion accounts for a 15% portion of this aggregate sum.
ING Real Estate operates with a far broader scope of property investment activities. In late December an announcement was made that it had raised $350 million in its China Opportunity Fund, which will be aimed at the other end of the property investment spectrum far from the world of listed equities on which ING Clarion focuses. This fund will be invested in opportunistic and property development /building projects, especially midrange local housing developments in first and second-tier Chinese cities.
He moves from Deutsche Bank where he covered Hong Kong and Chinese investment companies plus Hong Kong property developers. Previously he covered real-estate companies at Morgan Stanley. In this new role, he will be evaluating the listed equities of Asia PacificÆs real-estate companies.
Wong will report to Steve Burton, managing director of ING Clarion Real Estate Securities, who is based in Philadelphia.
ING Clarion is the real-estate equity management arm of ING real estate, which has total assets under management of $102 billion. The listed real-estate equities portfolio of ING Clarion accounts for a 15% portion of this aggregate sum.
ING Real Estate operates with a far broader scope of property investment activities. In late December an announcement was made that it had raised $350 million in its China Opportunity Fund, which will be aimed at the other end of the property investment spectrum far from the world of listed equities on which ING Clarion focuses. This fund will be invested in opportunistic and property development /building projects, especially midrange local housing developments in first and second-tier Chinese cities.
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