Newmark Expands International Capital Markets Group

After Newmark executes over $40 billion in U.S. capital markets transactions with offshore investors over five years, ICM group onboards new experts in Asia Pacific and Middle Eastern regions to support growing demand

NEW YORK and HONG KONG, Oct. 13, 2021 /PRNewswire/ — Newmark Group, Inc. announces the expansion of its International Capital Markets (‘ICM’) group with the hiring of Frederick Wong as Executive Managing Director, Asia Pacific Capital Markets and Joseph Morris, Executive Managing Director, Middle Eastern Capital Markets.

The additions reflect Newmark’s broader strategy to invest in recruiting and strategic acquisitions internationally.

 The new additions reflect Newmark’s broader strategy to offer a comprehensive suite of commercial real estate services across key regions throughout the world, as the company continues to invest in recruiting and strategic acquisitions internationally. Additionally, they bolster the company’s dedicated ICM team – a group led by Vice Chairman, Divisional Head of International Capital Markets Alex Foshay – which has executed over $40 billion in U.S. capital markets transactions with offshore investors in conjunction with local Newmark advisors over the past five years. The group facilitates cross-border capital flows via a broad range of investment structures, working with non-domestic investors on the deployment of capital into real estate and related sectors, from Europe, the Middle East, the Americas and Asia Pacific.

“Newmark’s capital markets capabilities have long served as a cornerstone of our platform, both domestically and internationally,” said Newmark Chief Executive Officer Barry Gosin. “As geographical barriers for cross-border investment continue to disappear, we’re eager to reinvest in this growing vertical with two key executive hires, both of which fortify our reach in some of the most dynamic global markets.”

Based in Hong Kong, Frederick Wong will manage cross-border investment activity with ICM’s clients throughout the Asia Pacific region. He brings over 20 years of experience across real estate investment banking and financial services, including both public and private capital market advisory. Over the course of his career, Wong has completed more than $20 billion in direct asset and portfolio sales, recapitalizations, initial public offerings, public bond issuances and loan syndications. Prior to joining Newmark, he was a Partner at Brookfield Financial, where he advised on real estate transactions in Greater China and the wider Asia Pacific markets. Wong has also held leadership positions with Macquarie Capital’s Greater China real estate investment banking division, UBS’s Greater China and Asia banking team, and Credit Suisse’s investment banking division. 

Joe Morris will take on responsibility for investor groups across the Middle East region. Based in Dubai, Morris brings over 18 years’ experience in real estate capital markets across all major…