Gerald Yong is the Chief Investment Officer of The Ascott Limited (Ascott), the wholly-owned hospitality real estate subsidiary of CapitaLand Limited (CapitaLand). Gerald is also concurrently the Managing Director of Ascott Global Serviced Residence Fund, a US$600 million private equity joint venture fund with Qatar Investment Authority and Investment Committee member of Ascott Serviced Residence (China) Fund, a fully invested US$500 million private equity fund.
Prior to this, Gerald was Ascott’s Senior Vice President based in Shanghai where he oversaw all business development activities for the North Asia region. He was concurrently the Managing Director of Ascott Serviced Residence (China) Fund Management Private Limited. In 2006, he played an instrumental role in the IPO of Ascott Residence Trust (Ascott REIT). Gerald assumed the role of Head of Investment & Asset Management since the inception of Ascott REIT and spearheaded the acquisitions of several properties across Australia, China, Japan, the Philippines, Vietnam and the United States of America.
With total assets of US$5.7 billion, Ascott is the world’s largest international serviced residence owner-operator with a portfolio comprising over 52,000 units spread across 323 properties in 114 cities spanning 29 countries across Asia Pacific, Europe, the Gulf region and the United States of America.