New Appointments Stir the Waters in Wealth Management: Cooley and PGIM Real Estate Take Bold Steps

A New Era for Cooley in Asia
With the recent appointment of Shashwat Tewary as a capital markets partner in its Singapore office, Cooley has made a striking entrance into the Indian and Southeast Asia capital markets scene. Tewary, with his extensive experience since 2009, enhances Cooley’s ability to navigate the bustling markets of these regions. His expertise in orchestrating IPOs across diverse sectors like technology and healthcare, especially the pioneering Indian REIT IPO and the first infrastructure investment trust IPO, makes him an invaluable asset to the firm. “The addition of Shashwat to our team not only strengthens our grip on the Indian capital markets but also marks a significant step in our growth trajectory across Singapore and Southeast Asia,” remarked Sonya Erickson, Cooley’s global business head.

Revamping PGIM Real Estate Leadership
Meanwhile, PGIM Real Estate has named David Fassbender as the deputy head of its Asia Pacific division, in a strategic play to boost its leadership capabilities. Fassbender’s two-decade-long resonance with PGIM stands pivotal as he gears to spearhead portfolio management across the region, alongside continuing his influential role in Japan. Known for his foundational work on PGIM’s flagship Asia Pacific value-add (AVP) fund, Fassbender is now set to reinforce the firm’s already robust $206 billion portfolio within this thriving corridor. “David’s promotion is a testament to his unwavering commitment to our mission and his distinctive vision to lead,” said Benett Theseira, the head of Asia Pacific at PGIM Real Estate.

Driving Growth in Southeast Asia
Cooley’s decision to expand its capabilities in Southeast Asia signals a broader trend of international businesses eyeing growth in emerging markets. With offices spanning Beijing, Hong Kong, Shanghai, and Singapore, Cooley taps into a network of nearly 1,400 lawyers, aiming to cater to the multifaceted demands of a global clientele. According to Wealth Briefing Asia, this move is aligned with the broader strategy to capture the burgeoning opportunities within these regions while supporting innovation and economic advancements.

PGIM’s Strategic Outlook
The Asia Pacific region remains a linchpin for PGIM’s global ambitions, evident in Fassbender’s new role to amplify growth efforts. Fassbender’s seasoned handling of real estate portfolios, compounded with his insightful strategies, continues to propel PGIM’s brands within the intricate terrains of the Asia Pacific market.

As market dynamics evolve, the focus on strategic appointments like Tewary’s and Fassbender’s illustrates how key players in wealth management are shifting gears to stay ahead in the competitive race. These moves not only enhance their leadership in the industry but reflect a convergence of bold vision and astute management in the ever-growing Asia Pacific landscape.