As China gets ready for the October National Day holiday, the region’s real estate companies are still making a few tweaks to their teams in time for the high season. This week a major developer bids adieu to its CFO, a private equity veteran finds a new home, and a Hangzhou researcher finds a new home on a co-working office provider. Read on for more details:
SOHO China CFO and Executive Director Jim Lam resigned his positions with the company effective 11 September, the Beijing-based developer said in a statement. Lam is said to be leaving to pursue other business opportunities. Late last month SOHO revealed that its revenues were down by 92 percent during the first six months of this year, and the company’s stock has fallen more than 40 percent in the last three months.
Patrick Kuo has joined the Investment & Acquisitions team at Apollo Global Management, based in Hong Kong. Kuo joins the New York-based alternative asset investment firm from Arch Capital Management, where he had spent more than five years, most recently as Senior Investment Manager. In his new role Kuo will be charged with executing opportunistic real estate and private equity investments in Asia, primarily in Greater China and Southeast Asia.
Chuanli Shen has taken on the role of Operating Director for Hangzhou with co-working space provider WePlus. Shen has joined the online-to-offline startup after spending more than four years with the development consulting division of Colliers International in Hangzhou. During his time with the real estate agency, the graduate of Leeds Metropolitan University was responsible for providing investment appraisals; development consultancy, market studies, and other services to the firm’s clients in the Hangzhou area.
Lily Xue has been promoted to the rank of Associate Manager at JLL in Shenzhen, Guangdong. Xue takes on her new responsibilities after spending just over two-and-a-half years with the property consultancy, most recently as a Senior Analyst with the development consultancy team there. Xue, who has a bachelor’s degree from Guangzhou’s Sun Yat-Sen anniversary, also graduated with a master’s degree in environmental science from Peking University.
Vincen Lu has taken on new responsibilities at Regus in Guangzhou, where he is now General Manager at Regus Fortune Plaza Centre. Lu’s latest posting with the serviced office provider comes after he spent more than three years with the serviced office provider, most recently as General Manager at the company’s GuangZhou City Development Center. The graduate of South China University of Technology also has experience with education provider EF – Education First.
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.
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