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Banking

Invesco grows Asia business

Invesco Real Estate has expanded in the Far East with the opening of two offices in Shanghai and Tokyo and the appointment of four local real estate professionals.

This brings to three the number of offices the real estate arm of Invesco has opened in the region within the past year, which began with the opening of the Hong Kong office in 2006.

The firm has hired Peter Ng Hing Wing as a director and head of China. He has more than 15 years’ experience in real estate in China.

Also joining is Yu Kai Yan as investment director of acquisitions in Shanghai. Yu Kai Yan has 20 years’ experience in construction and real estate. Shawn Wu joins the Shanghai team as an analyst.

In Tokyo, Ryukichi Nakata joins as a director and head of Japan. Nakata joins from Citigroup in Tokyo where he led the acquisitions of office, retail, residential and hotel assets as well as the securitization of office assets and the development of retail assets.

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