Jing Dong Lai was named CIO and interim CEO for Asia at M&G Real Estate, the firm said Wednesday.
He will become the permanent CEO subject to regulatory approval.
Mr. Lai is replacing Chiang Ling Ng, who will leave M&G in April, a spokeswoman said. Ms. Ng will join the Singapore office of Hines Investment Management as chief investment officer for Asia.
Mr. Lai will report to Tony Brown, global head of M&G Real Estate. He will lead the firm’s real estate business and acquisition activities in the Asia-Pacific region, including Japan and Australia.
Mr. Lai was head of real estate acquisitions for Asia, at the firm. The spokeswoman said M&G is actively interviewing candidates to fill the role and will make an announcement in due course.
M&G Real Estate oversaw £33.7 billion ($41.5 bilion) in client assets as of June 30.