PETALING JAYA: JLL announced the appointment of Dr David Rees as the new Asia Pacific Director of Research Strategy. His previous role is succeeded by Andrew Ballantyne effective from Jan 1, 2017.

According to statement, Dr Rees will continue to be based in Sydney, with a focus now on integrating JLL's research capabilities across the region and developing new services such as regional and global portfolio analysis.

A respected economist and property market commentator, Dr Rees has led Australia research since 2008, significantly growing the team’s capabilities and JLL’s research subscription services to the industry.

“We’re delighted to welcome David into the regional team. His broad-based expertise spans a number of market sectors, including real estate, equity and commodity markets, so we’re confident he will add a great deal of value to our clients around the region,” says JLL Asia Pacific head of research Dr Megan Walters.

Prior to joining JLL, Dr Rees was director of research at Mirvac Group, an Australian integrated real estate group. An economist and statistician by training, he also spent five years as head of research at Commonwealth Bank, covering economics, credit and foreign exchange markets.

Previously, he worked at Bankers Trust where he held the position of Chief Equity Strategist in the investment banking division.

Dr Rees's successor Ballantyne has led strategic research for JLL’s Australian Capital Markets business. He joined JLL in 2007 as head of research for Victoria and subsequently moved into a national role as head of strategic research, Australia. He will continue to focus on Capital Markets, in addition to coordinating JLL’s industry-leading team of 24 researchers across the country.

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