Top executives and board members of some of the region’s biggest property developers and investors are on the move as one of 2018’s biggest sellers of assets seems to have now disposed of the CEO of its key Hong Kong subsidiary, and a major Singaporean REIT takes on a new chief executive of its own. Read on for all the news on who got a new gig last week in Asia’s real estate world.
Chong Kee Hiong has been appointed as the new chief executive officer for Singapore-listed Suntec REIT effective 1 January 2019, taking over top operational responsibility for the real estate investment trust managed by John Lim’s ARA Asset Management. Chong, who served as CEO of OUE Hospitality REIT from June 2013 to July of this year takes over at the REIT, which manages the Suntec commercial development in Singapore, from Chan Kong Leong, whose resignation was announced to the Singapore exchange on October 31st.
Mu Xianyi has resigned from his position as Vice-Chairman, CEO and director of Hong Kong International Construction Investment Management Group, the primary Hong Kong-based unit of China’s troubled HNA Group, according to an announcement by the company on Friday to the Hong Kong stock exchange. With Mu’s departure from the company, which still holds the rights to a prime development site in Hong Kong’s Kai Tak area, board member He Jiafu has been appointed as CEO, and HNA Logistics CFO Zhang Peihua has newly joined HKCIM’s board.
Liu Deming, chief executive officer of Hong Kong-listed A-Living Services Co Ltd (HKG: 3319), has resigned from his executive role, as well as his directorship, with the property management division of developer Agile Group Holdings, according to an announcement to the Hong Kong stock exchange last week. Liu had joined A-Living in 2016 as CEO and moved up to the company’s board last year. A-Living’s co-chairman, Huang Fengchao, will step in as acting CEO while the company identifies a permanent replacement for Liu.
Neill O’Brien has joined Guggenheim Investment Advisors in Hong Kong as a Managing Director with the division of London’s LJ Partnership, a multi-family office supervising $15 billion in assets. O’Brien’s move was announced by the company last week, after the Hong Kong-based executive had spent more than eight years with JLL in Hong Kong and Shanghai. The graduate of the University of Reading in the UK also has previous experience with Knight Frank in Shanghai.
Anthony Ng has joined Currie and Brown in Hong Kong as the property consultancy’s director of project management services for North Asia, according to a statement by the Singapore-based firm. Ng, who formerly served with DTZ (now Cushman & Wakefield) in Shanghai, brings with him to the new role around 20 years of experience managing residential, office, retail, and other development projects across China, Hong Kong, Malaysia and the US.
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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