Prime Highlights-
- PGIM has promoted David Fassbender to lead its Asia Pacific real estate business from July 1, 2026.
- The move marks a smooth leadership transition following the retirement of veteran executive Benett Theseira.
Key Facts-
- Fassbender has spent over 20 years at PGIM and has previously led its Japan and Southeast Asia operations.
- He will manage investment direction across the region while continuing to support the firm’s value-add strategies.
Background-
PGIM has appointed David Fassbender as the new Head of Asia Pacific Real Estate, marking a key leadership change for the firm’s regional property business. The appointment will take effect from July 1, 2026, and he will be based in Tokyo.
Fassbender steps into the role as Benett Theseira prepares to retire, closing a long career in the real estate sector that spans more than three decades.
Theseira has been with PGIM for 15 years and has played an important role in building and strengthening the company’s presence across Asia Pacific.
Fassbender is no stranger to the business. He has spent over two decades at PGIM, holding several senior roles during development.
Most recently, he served as Deputy Head of Asia Pacific. He has also led the firm’s operations in Japan and Southeast Asia, gaining hands-on experience across some of the region’s most active property markets.
In his new role, Fassbender will lead PGIM’s real estate operations across the Asia Pacific region. He’ll be steering investment strategies and cultivating relationships with both partners and investors.
Beyond this, he will maintain his involvement in the firm’s value-add investment strategies across the region, all while fulfilling his wider leadership responsibilities.
The change in leadership comes as property markets across the Asia Pacific respond to changing economic trends and new demands from investors.
With many years of experience in the region, Fassbender is seen as someone who can ensure stability while guiding the business through its next stage of expansion.
