Clifford Chance has appointed Reiko Sakimura and Leng-Fong Lai as co-managing partners of its Tokyo office. The pair will take the reins from Eiichi Kanda, who had led the Tokyo office since 2012.

Clifford Chance has advised The Ascott Ltd, the serviced residence business unit of Singapore's CapitaLand, on its joint venture with Qatar Investment Authority to set up a $600 million serviced residence fund with an initial focus on Asia Pacific and Europe.