Allianz Real Estate, the international real estate investment and asset manager within the Allianz Group, has recruited a new head for its Asia Pacific business.
Rushabh Desai has joined Allianz Real Estate as Head of Asia-Pacific the firm said in a statement to finews.asia. Based in Singapore Desai will report to François Trausch, Global CEO of Allianz Real Estate. He will also become a member of the Allianz Real Estate Executive Committee.
Prior to taking up the latest appointment Rushabh Desai worked for Lone Star Funds where he focused on real estate investments in the South Asian region. Before that, he had more than 12 years of diverse global experience with General Electric Company (GE).
Linking Up With Former Boss
During his tenure at GE Capital Real Estate Asia-Pacific, Desai held roles such as Head of Strategy & Planning, Chief Financial Officer and Head of Business Development. He also led over USD $10 billion of transactions across a range of equity and debt assets and sub-markets throughout Asia-Pacific.
In joining Allianz Desai will be re-connecting with his with his former boss at GE, Francois Trausch.
«Rushabh Desai has built a formidable reputation in the Asia-Pacific real estate industry, his outstanding transactional skills, breadth of relationships and collaborative leadership qualities will aid him to lead Allianz Real Estate Asia-Pacific into the future. I am very pleased to have Rush on board to lead our growth and diversification strategy in the Asia-Pacific region,» said Trausch.
Allianz Real Estate has approximately €42 billion of assets under management.
