JLL promotes Sandeep Sethi to Asia Pacific division president for work dynamics
Sandeep Sethi has been appointed as JLL’s Division President of Work Dynamics in Asia Pacific. Sethi will oversee the real estate life cycle for occupiers, including integrated facilities management, construction management services, sustainability and workplace consulting, workplace experience and lease transaction management. He brings with him 27 years of experience in the corporate sector, with 10 of those years at JLL.
Based in Gurgaon, Sethi will report to Susheel Koul, JLL’s CEO for Work Dynamics in Asia Pacific. He will be responsible for JLL’s North Asia market as well as growing JLL’s North Asia market share in Mainland China and Hong Kong.
Koul expressed his confidence in Sethi’s appointment, commenting that he is an “established leader and a respected client advisor with an astute understanding of the dynamic nature of commercial real estate.” Sethi’s appointment to the role reinforces JLL’s commitment to serving and diversifying their clients across Asia Pacific.
JLL recently published a report about the state of real estate investments in the Asia Pacific region for 2022-2023. The report predicts a 27 percent year-on-year decrease in real estate investment in 2022 due to interest rate hikes and cooling sentiment. Despite this bleak outlook, investors in the Asia Pacific region are seeing a potential opportunity in 2023.
This appointment joins Cushman & Wakefield’s recent senior leadership promotions in the Asia Pacific region, aimed at strengthening their position in the market. With Sandeep’s appointment, JLL has also taken a step further towards establishing and developing their business in the Asia Pacific region.