A senior-level promotion at a Hong Kong-listed logistics REIT leads Mingtiandi’s first look at personnel moves from around Asia’s real estate industry for the month of December, with SF REIT naming a deputy CEO. Also making the list is another disappearing mainland property executive and a board-level departure at Hong Kong’s Chevalier.
SF REIT announced on 26 November that it has appointed Alan Lam Chung Chi as deputy chief executive officer with effect from 1 December. The appointment represents a promotion for Lam, who had joined the Hong Kong-listed trust in May of this year as chief strategy officer. Now 46, Lam had served as chief financial officer at China Logistics Property Holdings and also worked at VX Logistics before joining SF REIT.
Chinese real estate news site Guandian reported this past week, citing market sources, that Chen Ni, vice president of mainland property developer Yango Group, had been out of contact for three days after being detained by the Supervisory Commission of Heilongjiang province. Chen, who first joined Yango Group in 1998, has been in charge of corporate financing and capital operations for Yango, with her detention potentially linked to illicit cross-border activity by the company, according to the report.
Chevalier International Holdings informed the Hong Kong stock exchange on 27 November that Ma Chi Wing has resigned from his role as an executive director of the investment firm. Ma, who has been with Chevalier since 1993, has been in charge of the company’s healthcare investment, car dealership, hotel investment and trading businesses and will continue to perform his duties through 31 January.
Kenneth Heung has joined Sembawang Industries in Singapore as head of investment and business development with the engineering firm’s integrated urban solutions division, according to a LinkedIn update. Heung joined the Temasek Holdings portfolio company from HBSC in Singapore, where he had served for more than three years, working most recently as a director. The Hong Kong University of Science and Technology graduate also has previous experience with Ping An.
Fosun International announced to the Hong Kong stock exchange on 27 November that Li Shupei has resigned from his role as a non-executive director with the Shanghai-based investment house. Li departed with immediate effect after having joined Fosun’s board in November 2022. Li has served as deputy head of the equity investment centre at China Everwin Asset Management, and is said to be leaving Fosun’s board due to changes in his work arrangements.
Andrew Green has joined Cushman & Wakefield in Hong Kong as regional head of the property consultancy’s data centre group for Asia Pacific, per a LinkedIn update. Green took on his new responsibilities recently after more than five years with JLL, where he had served most recently as regional data centre practice lead for Asia Pacific. Green also has previous experience with PTS Consulting in Hong Kong.
CBRE announced on 26 November that it has promoted Ada Fung to chief operating officer with its advisory services division in Hong Kong with immediate effect. Fung received her new title after five years leading CBRE’s leasing and consulting business in Hong Kong. In the new role, Fung will report directly to CBRE’s president for North Asia advisory services, Luke Moffatt, with a secondary report to head of leasing and advisory services for Asia Pacific, Tom Gaffney.
JLL said on 25 October that it has promoted Sam Gourlay to head of office leasing advisory for Hong Kong, with effect from 1 January. The upgrade comes about two years after the property consultancy had chosen Gourlay to lead its office leasing team for Hong Kong island. In his new role, Gourlay, who first joined the company in 2020, will report to JLL Hong Kong managing director Alex Barnes.
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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