In this capacity, Chandler will oversee BlackRock’s global real estate capabilities which extend across the capital market structure and include both equity and debt investment products totaling approximately $13bn in assets under management.

Clients served include public, corporate and union pension plans, as well as insurance companies, foundations, endowments, private and high net worth investors.

Chandler will report to Matthew Botein, head of BlackRock Alternative Investors (BAI).

Most recently, Chandler served as global chief investment officer and executive chairman for Asia at LaSalle Investment Management.

Chandler first joined LaSalle in 1986 and after 14 years with the company in the US, he relocated to Singapore in 2000 to launch LaSalle’s Asia Pacific business.

Chandler succeeds Paul Audet, senior managing director, who assumed interim leadership for BlackRock’s Real Estate business in 2008.

Audet will transition to other executive responsibilities within BlackRock where he previously held the roles of head of cash management, and before that, CFO.