ACQUISITIVE real estate fund manager EG has hired asset management and financial services veteran Chris Pak to pursue new opportunities with domestic and offshore investors.
Pak has been appointed to the role of divisional director of business development and has several decades of experience and was formerly the executive director of real estate investments at Challenger Group.
Chris will be instrumental to EG’s continued success as they capitalise on new market opportunities utilising his extensive relationships with offshore and institutional investors.
“It’s a pleasure to have Chris on board to expand our investment management capabilities and extend our relationships with domestic and offshore investors,” said EG executive director, Roger Parker, who has worked with Pak previously.
“Chris will be working on a series of new business opportunities that we have identified, and we expect to make further announcements on these new ventures shortly.”
EG has made six acquisitions worth $200 million over the past 12 months, and launched a $400 million mandate with Singaporean sovereign wealth fund GIC, and a private wealth division. It now has $3.2 billion under management on behalf of super funds and private wealth clients, and $4.3 billion in its development pipeline.
“EG has great energy and entrepreneurial spirit. I’m eager to add my experience in the retail space as EG starts to apply critical thinking supported by proptech to this sector,” Pak said.
The appointment follows the recruitment of Jason Severino from Colliers to its asset management business, and the promotion of associate director Sean Fleming to head of capital transactions and a number of other personnel to new roles.