Adrian Lee Returns as Head of Transactions for Asia
Two AEW Asia Executives Promoted
February 26, 2026 – AEW Capital Management, L.P. (“AEW”) today announced that Adrian Lee has re‑joined the firm as Head of Transactions – Asia, based in Singapore. In his new role, Lee will oversee investment activities across key Asian markets, with a particular focus on North Asia and Singapore. He will report jointly to Asia Pacific’s Chief Operating Officer, Jean-Phillippe Gaudin, and Chief Investment Officer, Yian Wang.
In addition, AEW announced that Jason Maxwell from its Sydney office has been promoted to Head of Transactions – Australasia, and Athena Tse from its Hong Kong office as Head of Greater China. Maxwell has been with AEW Asia since 2017, and Tse since 2015.
Lee returns to AEW following a period with Tishman Speyer, bringing expanded regional experience and deep transaction leadership in real estate investments and capital formation. He will play a key role in advancing AEW’s strategic initiative across the region. At Tishman, Lee served as Head of Asia Pacific Investments in Singapore, where he led the firm’s real estate investment development activities across Asia Pacific. He was instrumental in establishing capital partnerships with institutional and private wealth investors, contributing to the capitalization and expansion of the firm’s investment strategies.
Lee will partner closely with Maxwell, ensuring coordinated deal sourcing and disciplined execution of AEW’s investment strategy across the broader Asia Pacific region. Together, they enhance AEW’s ability to respond quickly to market opportunities and execute at scale. Tse’s leadership will further reinforce the firm’s regional depth and investor alignment and support AEW’s long-term growth strategy in Greater China.
“We are very pleased to welcome Adrian back to AEW,” said Jean‑Philippe Gaudin, Chief Operating Officer, Asia Pacific, AEW. “His expanded regional experience over the past several years will further strengthen our APAC platform. With Adrian and Jason leading Asia and Australasia respectively, and Athena focused on the markets in China, we are well positioned to capture opportunities for our investors across the region.”
“Adrian’s return comes at the right moment as we continue building a strong, energized leadership team for AEW Asia Pacific,” said Yian Wang, Chief Investment Officer, Asia Pacific, AEW. “Alongside the rest of the team, this reflects the next generation of talent driving our pursuit of excellence as we navigate market challenges and seize opportunities across the region.”
Jon Martin, Chief Executive Officer of AEW Capital Management, added, “We are delighted to welcome Adrian back to AEW. His return underscores our long‑standing commitment to the Asia Pacific region. Adrian’s leadership and deep regional insight will be critical as we continue to deliver long‑term value and compelling opportunities for our investors across APAC.”
About AEW
For nearly 45 years, AEW Capital Management, L.P. (AEW) has provided real estate investment management services to investors worldwide. As one of the world’s largest real estate investment advisors¹, AEW and its affiliates manage $86.3 billion in private real estate equity, debt and listed securities across North America, Europe and Asia (as of September 30, 2025). Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.
¹Source: “2025 IREI.Q Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2024. As of September 30, 2025. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe and its subsidiaries. AEW Europe and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $86.3 billion includes $41.8 billion in assets managed by AEW Europe and its affiliates, $4.3 billion in regulatory assets under management of AEW Capital Management, L.P., and $40.1 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice.