The latest moves, appointments and personnel changes in the Asia-Pacific wealth management sector.

Cooley
US law firm Cooley has just bolstered its Indian and Southeast Asia capital markets practice with the appointment of Shashwat Tewary as a capital markets partner based in its Singapore office. He brings experience advising a range of clients on capital markets activities in the fast-growing India and Southeast Asia regions, the firm said in a statement.

Tewary advises clients across a broad mix of industries – including technology, healthcare, manufacturing, financial services, aviation, real estate and infrastructure. His practice includes advising companies and investment banks on initial public offerings (IPOs), follow-on equity offerings by corporations and real estate investment trusts (REITs), investment-grade and high-yield bonds, medium-term note programmes, and liability management and restructuring exercises. Tewary joins Cooley from Sidley Austin, the firm added.

“Shashwat’s experience strengthens our capabilities in the expanding Indian capital markets arena and continues our growth in Singapore and across Southeast Asia, as we support our global client base and innovation taking place in those geographies,” Sonya Erickson, partner and global chair of the firm’s business department, said.

Tewary has a background in advising on capital markets deals across India and Southeast Asia, having focused on these geographies since 2009. Notably, he advised on the first Indian REIT IPO and the first infrastructure investment trust IPO in India. He also has worked on numerous sponsor- and private equity-led IPOs, as well as IPOs in the technology and healthcare sectors.

Cooley has four offices in Asia: Beijing, Hong Kong, Shanghai and Singapore, and nearly 1,400 lawyers across 19 offices in the United States, Asia and Europe.

PGIM Real Estate 
PGIM Real Estate has just appointed David Fassbender (pictured) as deputy head of Asia Pacific, effective immediately. His appointment is part of the firm’s strategy to strengthen its leadership and position the Asia Pacific platform for future growth.

Fassbender, currently head of Japan, has been with PGIM Real Estate for over two decades, the firm said in a statement. In this newly-created role, he will oversee portfolio management strategies across Asia Pacific, help drive the firm’s growth in the region and continue to lead its largest Asia Pacific business in Japan.

Fassbender, who was instrumental in establishing PGIM Real Estate’s flagship Asia Pacific value-add (AVP) fund series, will retain his current role as senior portfolio manager for the AVP strategies, which have completed close to $21 billion in total transactions since its inception. He reports to Benett Theseira, head of Asia Pacific at PGIM Real Estate, the firm added.

Fassbender joined PGIM Real Estate in 2002. His experience spans managing open- and closed-ended real estate funds, asset management and transactions, including property development, across all key markets in Asia Pacific. He was previously head of South-East Asia based in Singapore.

PGIM Real Estate, which has $206 billion in assets under management and administration, is the real estate investment and financing business of PGIM, a $1.38 trillion global investment management business of New-York-listed Prudential Financial.