LaSalle Investment Management has appointed Matthew Jianguo Yao as head of its renminbi strategy.
Yao joins LaSalle from PGIM, where he was head of its real estate division in China for just a year and before that spent nearly 10 years at CBRE Global Investors, where he worked on capital raising and built operational capabilities including development and asset management.
He has also previously worked at ING Investment Management and Standard Chartered.
In his new role, he will work with LaSalle’s team across Shanghai and Hong Kong to further develop its renminbi strategy. He reports to Claire Tang, head of Greater China and co-chief investment officer for Asia Pacific.
“We’re pleased to welcome Matthew to our team as we broaden our fundraising to tap on the deep pool of domestic investable capital in China. As we scale our platform in China and across Asia Pacific, we are looking to continue to deliver strong returns to our investors over time,” said Tang.
Yao’s appointment comes following its registration as a private equity fund manager with the Asset Management Association of China, which enables LaSalle to carry out renminbi-denominated capital raising, as well as provide fund management services for renminbi funds in China.
