Senior Vice President / Head of Global Asset Management
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Our client is one of Singapore's largest and most established real estate investment groups, with a diversified portfolio spanning 31 countries and 127 cities.
The Group owns, invests in and manages a substantial portfolio of real estate assets across multiple sectors, including hotels and hospitality, student accommodation/hostels, serviced residences, residential and other real estate platforms.
As the Group continues to optimise its global portfolio, strengthen investment returns and institutionalise asset management capabilities across markets, it is seeking an accomplished real estate investment and asset management leader to join the senior leadership team as Senior Vice President / Head of Global Asset Management.
POSITION MANDATE
The SVP / Head of Global Asset Management will have overall leadership responsibility for the performance, value creation and strategic management of the Group's global real estate portfolio.
The role sits at the intersection of investment strategy, asset management, operations, capital allocation and portfolio optimisation.
The successful candidate will establish a disciplined global asset management framework that maximises asset value, operating performance, cash yield and risk-adjusted investment returns, while ensuring that individual asset strategies remain aligned with the Group's overall investment objectives.
The role requires an executive who can move comfortably between portfolio-level strategy and asset-level intervention—challenging business plans, identifying underperforming assets, driving repositioning strategies, evaluating capital expenditure and determining when the Group should invest, improve, refinance, reposition, hold or divest.
KEY RESPONSIBILITIES
1. Global Portfolio & Asset Management Leadership
Lead the asset management strategy for the Group's portfolio across 31 countries and 127 cities.
Develop and implement a consistent global asset management framework covering portfolio strategy, asset planning, performance management, capital expenditure, valuation, risk and investment returns.
Maintain a comprehensive understanding of the financial and operational performance of the portfolio and identify opportunities to enhance value across individual assets, markets and asset classes.
Develop clear asset-level strategies and business plans defining the investment thesis, operating priorities, capital requirements, expected returns and intended holding period.
2. Asset Performance & Value Creation
Drive sustainable improvement in NOI, EBITDA, cash flow, asset valuation and total investment returns.
Conduct regular asset performance reviews and challenge management teams on revenue growth, operating costs, margins, capital expenditure and return on invested capital.
Identify underperforming assets early and develop structured turnaround, repositioning or exit strategies.
Drive value creation initiatives including:
Ensure that capital is continuously directed towards its highest risk-adjusted return opportunities.
3. Hospitality Asset Management
Provide senior asset management oversight of the Group's global hotel and hospitality portfolio.
Evaluate hotel performance across key indicators including RevPAR, ADR, occupancy, GOP, GOPPAR, EBITDA and owner returns.
Challenge hotel operators and management companies on annual budgets, commercial strategies, distribution, revenue management, cost structures and capital plans.
Review hotel management agreements, franchise arrangements and operator performance and recommend changes where appropriate.
Work closely with hotel operators and internal hospitality leadership to maximise property-level profitability while protecting the long-term value of the underlying real estate.
Evaluate opportunities for hotel refurbishment, rebranding, repositioning, operator replacement and conversion.
4. Student Accommodation & Other Asset Classes
Provide strategic asset management oversight for the Group's student accommodation/hostel portfolio and other real estate investments.
Monitor occupancy, rental growth, leasing performance, operating costs, customer demand and asset competitiveness.
Evaluate market dynamics including university enrolment, international student flows, competing supply and local housing conditions.
Develop strategies for portfolio expansion, asset enhancement, operational improvement and consolidation where appropriate.
Establish asset-class-specific performance metrics while maintaining a common Group investment and asset management discipline.
5. Portfolio Strategy & Capital Allocation
Work closely with the Group CEO, CIO, CFO and investment leadership to determine portfolio strategy and capital allocation priorities.
Conduct regular portfolio reviews to identify:
Core assets – long-term strategic holdings
Growth assets – assets with significant value creation potential
Turnaround assets – assets requiring active intervention
Non-core assets – candidates for monetisation or disposal
Develop recommendations regarding Buy / Hold / Improve / Reposition / Refinance / Sell decisions.
Evaluate portfolio concentration by geography, asset class, operator, currency and investment risk.
Support decisions on portfolio recycling and redeployment of capital into higher-return opportunities.
6. Investment & Acquisition Support
Partner with the investment team on major acquisitions, developments, joint ventures and strategic investments.
Provide asset management perspectives during underwriting and due diligence, particularly regarding operating assumptions, capital requirements, business plans and exit scenarios.
Challenge investment assumptions and ensure that proposed returns are operationally achievable.
Following acquisition, lead the transition from investment underwriting to active asset management, ensuring that the original investment thesis is translated into measurable operating and financial objectives.
7. Asset Enhancement & Capital Expenditure
Oversee major asset enhancement initiatives and capital expenditure programmes across the portfolio.
Evaluate proposed CAPEX against expected incremental cash flow, valuation uplift and investment returns.
Prioritise capital expenditure across competing assets and markets.
Establish disciplined post-investment reviews to determine whether approved capital expenditure has delivered the expected financial and operational outcomes.
Partner with development, design, project management and operating teams on major refurbishment and repositioning programmes.
8. Divestments & Capital Recycling
Identify assets where the Group has maximised value or where future returns no longer justify continued ownership.
Develop recommendations for asset disposal, portfolio sales, recapitalisation or alternative ownership structures.
Work closely with investment, finance, legal and external advisers to execute transactions.
Ensure that asset sales are timed and structured to optimise shareholder returns.
CANDIDATE PROFILE
The successful candidate should be an accomplished senior real estate executive with significant experience managing large, geographically diversified investment portfolios.
Ideally, the candidate will bring 15–20+ years of relevant experience across institutional real estate investment, asset management, private equity, REITs, sovereign wealth funds, real estate investment platforms or major owner/operators.
Strong candidates are likely to have held leadership positions such as:
Head of Asset Management | Regional Head of Asset Management | Managing Director – Asset Management | Portfolio Management Head | CIO / Deputy CIO | Head of Hospitality Investments | Senior Real Estate Investment Executive
EXPERIENCE & CAPABILITIES
The successful candidate should demonstrate:
Job ID: 151817785
