Head, Business Development, Ascott / Managing director, Ascott Serviced Residence Fund


Mr Mak Hoe Kit joined Ascott in January 2019 as the Managing Director of Ascott Global Serviced Residence Fund, a US$600million serviced residence joint-venture fund with the Qatar Investment Authority to invest in serviced residences globally. Hoe Kit isalso concurrently the Head of Business Development responsible for charting the global growth of the company.

Hoe Kit is nostranger to the company and was the Director & Head of Indochina (Business Development & Asset Management) of The AscottGroup from 2004 to 2006. Mr Mak spent the early part of his career at NatSteel Group, where he fast-tracked from an Executive tothe role of Vice President of Corporate Development within seven years, working on various investments and strategic planningwork across industries from steel, building materials, chemicals, electronics, properties and resorts.

He has held various seniormanagement positions in business development and real estate investment with Pacific Star Group (Senior Vice President), Ernst &Young (Executive Director and Co-Leader (Real Estate)), Northstar Group (Executive Director ? Real Estate) with a focus in Asia,and most recently Frasers Hospitality where he was the Chief Investment Officer responsible for the growth of the hospitalityinvestments and management contracts globally.

Mr Mak is a Chartered Financial Analyst (CFA). He holds a Master of Science inReal Estate and Bachelor of Engineering (Honours) from the National University of Singapore. He is an active volunteer with theCFA Institute

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