News

IQ-EQ establishes dedicated Real Estate team in Asia

IQ-EQ is pleased to announce the creation of a dedicated Real Estate team in Asia, which builds upon the group’s extensive global real estate expertise and growing Asian real estate portfolio. This development follows the recent relocation of real estate-focused client director Neil Synnott to Singapore and the appointment of team manager Denish Leang.

IQ-EQ provides one of the most comprehensive service offerings to alternative investment managers globally and has considerable technical and practical experience of real estate financing and ownership structuring. The group has been active in Asia for over 25 years, with key offices in Singapore, Hong Kong, the Philippines and Japan. Together, IQ-EQ Singapore and IQ-EQ Hong Kong are home to the group’s Asian real estate servicing hub and act for 220+ funds with a combined AUA value of more than US$44 billion.

Key members of IQ-EQ’s growing Asian real estate team include client services director Neil Synnott, who joined IQ-EQ Luxembourg in 2017 and relocated to Singapore at the end of 2020. With more than 15 years’ international financial services experience and a specialism in real estate funds, Neil holds responsibility for a complex portfolio of international real estate and private equity clients. His move to Singapore enables him to better support existing clients as they expand in Asia, and leverage the increasing demand for real estate investment vehicles and funds in the region. Neil is an active member of ANREV and is an INREV voting member for IQ-EQ.

Denish Leang is the latest addition to the team following his appointment as Client Services Team Manager, which will see him take responsibility for the day-to-day servicing of IQ-EQ Singapore’s real estate fund clients. Prior to joining IQ-EQ, Denish was a manager within PwC’s Financial Services Asset and Wealth Management division, specialised in private equity and real estate. With a solid auditing background, Denish’s past experience also includes multiple years at EY specialising in real estate and internal audit with Sumitomo Mitsui Banking Corporation (SMBC). Denish is a member of CPA Australia.

Commenting on the establishment of an expert IQ-EQ Real Estate team in Asia, Neil Synnott said:

“IQ-EQ has firmly established itself as a leading global service provider in the real estate investment space. As a group, we administer numerous multi-jurisdictional real estate structures across a broad range of transactions, involving multinational corporations, sovereign wealth funds, insurance companies and pension funds. Given the increasingly high level of real estate investment activity into, within and from Asia – including among many of our own clients – the timing seemed right to consolidate and build a team in the region that is dedicated to this sector. We’ve been welcoming many exciting new real estate service mandates in Asia and have ambitious growth plans for our business, so watch this space.”

Other key members of the IQ-EQ Real Estate team in Asia include Gary Chiu, IQ-EQ’s Head of Delivery for Asia (based in Hong Kong), and Jimmy Leong, Chief Commercial Officer for Asia. The team will continue to expand in the coming months.