Key Takeaways
- • CapitaLand Investment appointed Simon Treacy, former BlackRock global chief investment officer, as CEO of its private equity real estate unit, bringing 23+ years of cross-regional real estate experience across Asia, North America, and Europe.
- • Patrick Boocock, former managing partner and head of Asia at Brookfield Asset Management, joined as CEO of private equity alternative assets, effective October 25, 2021, tasked with expanding infrastructure and debt strategies.
- • The dual appointments support CapitaLand Investment's transition to a standalone asset manager following its delisting from the Singapore Exchange, with current assets under management of S$119 billion ($86 billion) and funds under management of S$83 billion.
- • The hires target growth in niche markets including private credit, data centres, and social infrastructure as CapitaLand pursues a strategy to become Asia's largest and the world's third-largest fund manager.
- • Both executives bring institutional-grade credentials: Treacy serves as a global governing trustee at the Urban Land Institute, while Boocock spent nine years at Brookfield in various senior roles including CFO of the firm's global construction business.
Summary
CapitaLand Investment, the Singapore-listed investment platform backed by Temasek Holdings, has recruited two senior executives from global asset management powerhouses to lead its expansion into private fund management. Simon Treacy, who held the position of global chief investment officer at BlackRock, will serve as chief executive officer of CapitaLand Investment's private equity real estate unit. Simultaneously, Patrick Boocock, formerly managing partner and head of Asia at Brookfield Asset Management, has been appointed CEO of the private equity alternative assets division, effective October 25, 2021.
The appointments represent a strategic talent acquisition aligned with CapitaLand Investment's transformation into a dedicated asset manager following the parent company's delisting from the Singapore Exchange in September 2021. This restructuring separated CapitaLand's property development operations from its investment management platform, positioning the latter for accelerated growth in alternative asset classes. The company currently manages S$119 billion in assets and S$83 billion in funds under management.
Treacy brings more than 23 years of real estate investment expertise spanning Asia, North America, and Europe, alongside his role as a global governing trustee at the Urban Land Institute. According to CapitaLand's stock filing, he will serve as a key member of the senior leadership team responsible for executing growth strategies across multiple real estate asset classes. Boocock's appointment focuses on building capabilities in infrastructure and debt strategies, with his tenure at Brookfield spanning nine years and including senior roles such as CFO of the firm's global construction business.
The dual hires underscore CapitaLand Investment's ambition to expand into specialized segments including private credit, data centres, and social infrastructure. By importing institutional expertise from established global competitors, the firm aims to strengthen its competitive positioning to become the largest fund manager in Asia and the third-largest globally. These appointments reflect the company's capital-intensive strategy to attract institutional investors and scale alternative assets management in a market increasingly focused on diversified, non-traditional investment vehicles.
The appointments represent a strategic talent acquisition aligned with CapitaLand Investment's transformation into a dedicated asset manager following the parent company's delisting from the Singapore Exchange in September 2021. This restructuring separated CapitaLand's property development operations from its investment management platform, positioning the latter for accelerated growth in alternative asset classes. The company currently manages S$119 billion in assets and S$83 billion in funds under management.
Treacy brings more than 23 years of real estate investment expertise spanning Asia, North America, and Europe, alongside his role as a global governing trustee at the Urban Land Institute. According to CapitaLand's stock filing, he will serve as a key member of the senior leadership team responsible for executing growth strategies across multiple real estate asset classes. Boocock's appointment focuses on building capabilities in infrastructure and debt strategies, with his tenure at Brookfield spanning nine years and including senior roles such as CFO of the firm's global construction business.
The dual hires underscore CapitaLand Investment's ambition to expand into specialized segments including private credit, data centres, and social infrastructure. By importing institutional expertise from established global competitors, the firm aims to strengthen its competitive positioning to become the largest fund manager in Asia and the third-largest globally. These appointments reflect the company's capital-intensive strategy to attract institutional investors and scale alternative assets management in a market increasingly focused on diversified, non-traditional investment vehicles.
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