J.P. Morgan Asset Management has appointed a new acquisitions officer, Australia and New Zealand for real estate Asia-Pacific.
James Santi takes on the newly-created role having previously been senior director of capital markets at CBRE. Prior to that, he was executive manager of transactions at AMP Capital, real estate fund management associate at Aviva Investors and acquisitions manager at Gibb Group.
At JPMAM, he will be responsible for the origination, underwriting, due diligence and transaction of real estate acquisitions in both Australia and New Zealand.
"Given their favourable economic and real estate market fundamentals, Australia and New Zealand offer our clients the prospect of enhanced risk-adjusted returns over the long term with low correlation to the US and European market cycles," JPMAM head of real estate Asia-Pacific David Chen said.
"As clients increase their allocations to core Asia Pacific real estate, we are adding resources like James with deep local and regional experience and a proven acquisition track record."
In February, JPMAM underwent a strategic review which saw its Australian institutional and retail businesses consolidate.
A JPMAM spokesperson said at the time that J.P. Morgan remains committed to its Australian business. As part of the review it is currently hiring a head of consultant relations "who will partner with and support consultant needs in identifying the best investment solutions for clients."