ING adds real estate CIO

Peter Wittendorp is hired to oversee Asian investments.

ING Real Estate Investment Management has created a new role of Asia CIO in Singapore in order to provide cohesive oversight of its growing regional teams, says Robert Lie, Hong Kong-based CEO.

It has hired Peter Wittendorp for the role. He will report to Lie and although the move is effective now, it will be about two months before he has settled permanently in Singapore.

With $75 billion of assets globally, ING says it is the world's biggest investor in physical real estate. It manages $1.5 billion in Asia and Japan, and these assets are rising quickly. Lie says the firm is also building an investor...

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