M&G Real Estate has appointed Wenning Jung as director, portfolio management – fund of funds, Asia life fund, as part of its efforts to enhance its capabilities and reinforce its position in real estate investments.
Based in Singapore, Jung will report to Martin Seol, head of Asia life fund. Launched in 2011, the fund of funds programme is a diversified strategy that invests in top-performing funds and strategies across Asia-Pacific, North America, the United Kingdom, and Europe.
Jung will play a key role in helping manage the global fund of funds portfolio, driving growth in this strategy and generating new investment ideas.
With more than 20 years of experience in institutional real estate investment and client management, Jung has held senior positions and built strong relationships with institutional investors across the region.
Notably, she served as senior vice president at Franklin Real Asset Advisors (FRAA), Franklin Templeton, where she led the growth of the Asia team and committed more than US$1.7 billion of equity across diversified strategies.
Prior to Franklin Templeton, she also managed the Asia real estate investment strategy at California Public Employees’ Retirement System (CalPERS).
Jung’s appointment follows a number of other recent milestones for M&G Real Estate in Asia, including the acquisition of the Frontier Shinjuku Tower in Tokyo, the strategic divestment of ICON Yeoksam with 44% appreciation in value in South Korea, the completion of the Surbana Jurong Campus in Singapore earlier this year, and the promotions of Alexander Banzic as head of Australia and Daniel Cho as head of Korea.
