Brian Hung succeeds Graeme Torre as APG APAC Real Estate Head

Brian Hung has been appointed Head of APG’s Asia-Pacific Real Estate business, effective mid-November. He succeeds Graeme Torre, who has decided to leave the company after eight years as Head of the Asia-Pacific Real Estate team to pursue a new career challenge.

Hung has nearly 20 years of experience in Asian and global markets. At APG, he has contributed significantly to the company’s real estate strategy. In his new role, he will lead a team with extensive local market knowledge and a focus on delivering responsible, long-term investment results for APG’s clients. Before joining APG, Hung held investment banking positions at Bank of America Merrill Lynch in New York and Hong Kong.

Commenting on Graeme Torre’s departure, Global CIO for Private Markets, Patrick Kanters said “Under Graeme’s leadership the Asia Pacific real estate platform significantly expanded its team of regional experts and strengthened the existing partnerships across the mainstream sectors. The APAC real estate portfolio also grew beyond core assets to encompass alternative sectors such as data centres, debt, multi-family residential, self- storage and life sciences.  On behalf of APG I would like to express our sincere gratitude to Graeme for his outstanding leadership and lasting contributions over the last eight years. During this time we have deepened our long-standing private markets foundation both regionally and globally. We thank him for his commitment to APG and wish him every success in his next endeavour.”

In response, Graeme Torre commented “It’s been a genuine privilege to help build and lead APG’s real estate presence in Asia,” “We have had significant success across the region so it was a very difficult decision to move on from such a talented group of partners and colleagues, and in particular the first-class Asia real estate team. I’m proud of what we’ve achieved together and delighted that we have been able to find my successor from within our own team. I am confident therefore that the team is well-positioned to continue delivering value to our clients under Brian’s leadership and I congratulate him wholeheartedly on his well-deserved promotion.”

Commenting on Brian Hung’s appointment, Rutger van der Lubbe, Head of Global Real Estate at APG Asset Management, said “We are delighted to be appointing Brian as the head of our highly talented Asia Pacific real estate team. He has driven collaboration across our regional teams while developing unique investment opportunities to meet our clients’ responsible investment goals. APG’s dedication to and focus on Asia’s private markets remains ongoing, and we are confident that, under Brian’s leadership, our team is strongly positioned to continue capturing the substantial range of opportunities present throughout the region.”

Brian Hung: “It is a privilege to be taking forward our real estate platform in Asia, at a time when the region’s growth drivers are gaining further momentum. Asia's expanding middle class, demographics, technology hubs, and urban centres present compelling opportunities for long-term, patient capital such as ours. With our established foundation and the resources of a global platform, we are well-positioned to pursue areas of sustained growth including capitalising on new investment opportunities. I also look forward to taking collaboration across our Asia and global teams to the next level.”