Business
Newmark Expands International Capital Markets Group
After Newmark executes over $40 billion in U.S. capital markets transactions with offshore investors over five years, ICM group onboards new experts in Asia
About this update from Newmark Group, Inc.
[{"type":"text","content":"After Newmark executes over $40 billion in U.S. capital markets transactions with offshore investors over five years, ICM group onboards new experts in Asia Pacific and Middle Eastern regions to support growing demand \n NEW YORK and HONG KONG, Oct. 13, 2021 /PRNewswire/ -- Newmark Group, Inc. announces the expansion of its International Capital Markets ('ICM') group with the hiring of Frederick Wong as Executive Managing Director, Asia Pacific Capital Markets and Joseph Morris, Executive Managing Director, Middle Eastern Capital Markets. \n\n \n \n \n \n \n \n\n \nThe additions reflect Newmark's broader strategy to invest in recruiting and strategic acquisitions internationally. The new additions reflect Newmark's broader strategy to offer a comprehensive suite of commercial real estate services across key regions throughout the world, as the company continues to invest in recruiting and strategic acquisitions internationally. Additionally, they bolster the company's dedicated ICM team – a group led by Vice Chairman, Divisional Head of International Capital Markets Alex Foshay – which has executed over $40 billion in U.S. capital markets transactions with offshore investors in conjunction with local Newmark advisors over the past five years. The group facilitates cross-border capital flows via a broad range of investment structures, working with non-domestic investors on the deployment of capital into real estate and related sectors, from Europe, the Middle East, the Americas and Asia Pacific. \n\"Newmark's capital markets capabilities have long served as a cornerstone of our platform, both domestically and internationally,\" said Newmark Chief Executive Officer Barry Gosin. \"As geographical barriers for cross-border investment continue to disappear, we're eager to reinvest in this growing vertical with two key executive hires, both of which fortify our reach in some of the most dynamic global markets.\" \nBased in Hong Kong, Frederick Wong will manage cross-border investment activity with ICM's clients throughout the Asia Pacific region. He brings over 20 years of experience across real estate investment banking and financial services, including both public and private capital market advisory. Over the course of his career, Wong has completed more than $20 billion in direct asset and portfolio sales, recapitalizations, initia...