Real Estate Investment Professionals to Focus on Building out Asia Real Estate Platform
NEW YORK, Nov. 25 /PRNewswire-FirstCall/ -- Och-Ziff Capital Management Group LLC (NYSE: OZM) ("Och-Ziff"), today announced that it has hired four senior real estate investment professionals in Asia in a continued effort to augment Och-Ziff's global real estate capabilities. The four principals will join Och-Ziff Asia Real Estate as Executive Managing Directors and will focus on building out an Asian real estate platform in Hong Kong, Singapore, China, India and other countries throughout Asia and the Pacific.
The new hires include Zain Fancy, formerly Managing Director and Head of Morgan Stanley Real Estate Investing ("MSREI") for Asia Pacific, Roy Kwok, formerly Deputy Head of MSREI China, Bharat Khanna, formerly Head of MSREI India and Anand Madduri, formerly Managing Director and Portfolio Manager for the MSREI Special Situations Fund for Asia. They will be based in Singapore, China, India and Hong Kong, respectively.
Och-Ziff Asia Real Estate will make investments in a variety of real estate and real estate-related instruments including private and public equity securities, physical real estate assets including existing properties, development and re-development projects, non-performing and performing loans secured by real estate, convertible debt/preferred equity and various other real estate-related investments.
"We are very pleased to have attracted these successful and experienced real estate investment professionals," said Dan Och, Chairman and Chief Executive Officer of Och-Ziff. "This team is well known and respected in the region. We believe their hands-on expertise and unique understanding of the Asian real estate markets will allow Och-Ziff to identify new opportunities that create real value for our investors."
About Och-Ziff Capital Management Group LLC
Och-Ziff Capital Management Group LLC is one of the world's largest institutional alternative asset managers with offices in New York, London, Hong Kong, Tokyo, Bangalore and Beijing. Och-Ziff's funds seek to deliver consistent, positive, risk-adjusted returns throughout market cycles, with a strong focus on capital preservation. Och-Ziff's multi-strategy approach combines global investment strategies, including merger arbitrage, convertible and derivative arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. As of November 1, 2008, Och-Ziff had approximately $28.3 billion in estimated assets under management with over 700 investor relationships. For more information, please visit www.ozcap.com.
SOURCE Och-Ziff Capital Management Group LLC
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