One of Japan’s largest developers has chosen a new top executive and news of that changeover leads this week’s roundup of personnel moves from around the region, while the manager of a Singapore REIT of mainland assets announces that its CFO is in trouble with financial regulators. Also choosing new leadership are Singapore’s Frasers Property Group and mainland developer Ronshine China.
Mitsui Fudosan has named Takashi Ueda as president and chief executive effective 1 April 2023, according to an announcement by the Japanese developer on Friday. Ueda is taking over the positions from incumbent Masanobu Komoda, who is moving up to chairman after 12 years in the leadership roles. Now 61, Ueda joined Mitsui Fudosan in 1983 and became senior managing officer in April 2021.
Sasseur Asset Management, the manager of Singapore-listed Sasseur REIT said on 7 December that its chief financial officer, Xie Jianfeng is being investigated by the Monetary Authority of Singapore and the country’s Commercial Affairs Department and has surrendered his passport. The REIT manager said that Xie, who has served with the company since 2018, has informed the manager that the investigation pertains to his personal trading of securities before taking on the CFO role in December 2021. Sasseur stated that, as the investigation does not relate to Xie’s work at the company, that he should continue as CFO.
Frasers Property on 6 December announced Paolo Bevilacqua as group head of sustainability, providing a new role for the company veteran who had previous served as general manager of Real Utilities, an energy retailer and utilities business owned by the group’s Frasers Property Australia unit. Based in Sydney, Bevilacqua will report to Chia Khong Shoong, group chief corporate officer as Frasers seeks to ramp up its ESG efforts.
Chen Shucui has left her position as an independent, non-executive director on the board of Ronshine China Holdings, according to an announcement to the Hong Kong stock exchange. Having previously held senior roles with New Times Trust, Dongxing Securities and a number of other mainland China investment firms, Chen has seen her role as non-executive director taken over by Li Shupei, an executive with Huaxia Jiuying Asset Management Company.
BDx Indonesia said on 6 December that it has appointed Agus Hartono Wijaya as president director and chief executive. Wijaya joined the data centre operator this month after four years with OYO Hotels in Indonesia, where he had served most recently as country head. He also has previous experience as a general manager with human resources provider Manpower Group and with logistics firm Lion Parcel.
JLL said on 7 December that it has promoted Helen Han to head of logistics and industrial for capital markets with its China business, based in Shanghai. Han, who reports to the firm’s head of capital markets for China, Eric Pang, joined JLL in March 2018 and has advised on transactions involving QuadReal, DLJ Logistics and Nike. JLL expects Han to be responsible for growing the company’s logistics and industrial capital markets capabilities in mainland China.
On 5 December JLL’s hotels and hospitality division announced that it has appointed Rathawat Kuvijitrsuwan as senior vice president for advisory and asset management in Thailand. Based in Bangkok, Kuvijitrsuwan assumes takes on his new role after joining JLL from CBRE, where he had served as head of research and consulting. The Cornell University graduate also has previous experience with Accretive Capital Real Estate in Bangkok.
Hugh Thomson has left CBRE in Singapore to join Australia’s MaxCap Group as an associate director, based in Sydney, according to a LinkedIn update. Thomson took on his new role this month after just less than two years with CBRE in Singapore, where he had served as an associate director for international capital for Pacific and Southeast Asia. He also spent nearly four years with CBRE in Hong Kong.
If you know of other Asia real estate professionals changing their jobs, getting promoted or just doing something exciting, please contact us here at Mingtiandi.
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