This week Asia’s real estate community continues to find itself in need of new namecards across the region’s major cities, with more moves than even Mingtiandi can manage. In Singapore a private equity shop with a new name gives a fanciers title to one of its top executives, while in Shanghai, a retail veteran trades in malls for smartphones. All the details are waiting, if you just read a bit more.
Ying Loong Tai has been promoted to Executive Director with PGIM Real Estate, based in Singapore. Tai takes his step up at the real estate investment wing of Prudential Financial investment management unit PGIM after more than six years with the company, having previously served as a Senior Vice President. A graduate of Stanford University and Imperial College London, Tai also has experience with SEB Asset Management and GIC.
Former K11 executive Eric Chan has made the leap to ecommerce, joining China online luxury goods platform SECOO as CEO, according to an announcement by the company last week. In his new role, Chan will oversee the SECOO’s portfolio of retail businesses, including the e-commerce platform and its offline experience centers. The 20-year veteran of Greater China’s real estate industry joined the ecommerce firm, which is said to be the second-largest online luxury player in China, after more than six years with K11. Chan had most recently served as director of operations and leasing in Shanghai for the retail-focused unit of Hong Kong real estate heavyweight New World Development, and had also held the title of General Manager for Operations in the city.
Catherine Chen has joined Invesco Real Estate as Director of Asia Pacific Real Estate Research, based in Hong Kong. Chen takes on her new role with the US asset manager after nearly seven years with LaSalle Investment Management, where she had served most recently as a National Director. Chen joins Invesco soon after former research executive Jonathan Hsu left the company to take the top charts and trends role at M&G Real Estate in Singapore. Chen, who graduated from the University of Hong Kong, has also served with Aberdeen Property Investor and with Cushman & Wakefield.
Ray Cao is now head of Hangzhou Vanke Industry & Urban Development, based in the capital of Zhejiang province. The industrial real estate veteran joins the subsidiary of one of China’s top developers after more than nine years with various branches of China Yida Holdings, the developer and manager of the successful Dalian Software Park network of business parks. At Yida, Cao had served most recently as General Manager of Yida New Software City Hangzhou and of Yida New Software City Shanghai.
Jessica Tay is now Leader for North & South East Asia with financial services giant Mastercard, based in Singapore. In her new role Tay is responsible for transactions, lease administration, and projects and facilties management for Mastercard throughout north and southeast Asia. She joins the US firm after spending two years as a Regional Program Director for Cushman & Wakefield in Singapore, and also has experience with design and construction firm DB&B as well as with JLL.
Niki Li has joined Pradera Retail Asia as a Leasing Officer based in Shanghai. Li joins the retail asset manager from JLL in Chengdu, where she had served as a Graduate Management Trainee. London-based Pradera set up an Asian wing last year through a joint venture with a Hong Kong-based subsidiary of Macquarie Infrastructure and Real Assets (MIRA), and is managing retail properties in Shanghai, Qingdao and Xi’an on behalf of MIRA-managed companies.
As usual, if you know of other China real estate professionals changing their jobs, getting promoted or just doing something exciting, please feel free to share with the rest of the community here at Mingtiandi.