CLI names new CEO and CIO for Australia division

Angelo Scasserra will be CEO of CLI and Rahul Bharara will be CIO.

CapitaLand Investment Limited (CLI) has appointed a new chief executive officer (CEO) and chief investment officer (CIO) for its CLI Australia division.

Angelo Scasserra will be CEO of CLI and Rahul Bharara will be CIO. Both are expected to join the company in H1 2025.

They will be responsible for boosting CLI Australia’s business and will work closely with managing director Paul Toussaint to manage CLI’s more than A$9b in assets under management (AUM)  in Australia.

Scasserra has over 25 years of experience in real estate funds management, corporate finance, and law.  

Prior to his appointment, he was head of the real estate private capital division at Barrenjoey Capital Partners. He also spent almost 20 years in Credit Suisse in Australia and Singapore where he also held senior positions.

Meanwhile, Bharara has over 21 years of experience in the real estate sector, which includes investment management, corporate finance, and development. 

Prior to his appointment, he was a partner for the real estate private capital division at Barrenjoey Capital Partners. Bharara was also managing director and head of real estate coverage at Credit Suisse Australia, and CIO at Gurner Group.

CLI currently manages 34 logistics properties, business parks, and four Grade A office buildings in the country. It also has over 13,500 lodging units across about 150 properties under its wholly owned lodging business unit, The Ascott Limited.