PruPim hires Asia property team

The UK's Prudential has set up a real-estate investment company in Singapore to target opportunities in the Asia-Pacific region. PruPim (Prudential Property Investment Management) is part of the M&G Group, which in turn is a unit of the asset management arm of Prudential Plc in the United Kingdom and Europe.PruPim Singapore will be run by Jonathan Allen, who has joined as CEO after spending four years with Prudential in Asia, most recently as head of its regional asset management …