Developers, investors and co-working operators once again taking leading roles in this week’s collection of people in new places, starting off with a pair of new board members at one of Asia’s biggest investors, GIC. Also of interest is a veteran property executive setting up shop for Hong Kong’s Asia Pacific Land in Munich and there are still more moves to explain in the lines below.
Singapore’s Minister for National Development Lawrence Wong was named to the board of the country’s sovereign wealth fund, GIC, last week, one of a pair of new appointments to the top-level decision-making body of the fund, which is estimated to manage $359 billion in assets. The graduate of the Universities of Wisconsin and Michigan in the US, as well as of Harvard University, also serves as Singapore’s Second Minister for Finance.
Joining the GIC board alongside Wong is State Street Bank and Trust CEO for Asia Pacific, Seck Wai Kwong. A career banker, Seck has been with State Street for more than seven years, and served on GIC’s Risk Committee from 2010 through 2016. The graduate of the University of Pennsylvania’s Wharton School also has previous experience with Singapore’s DBS Bank and was CFO of the Singapore stock exchange from 2003 through 2011, according to his LinkedIn profile.
Peng Zhang has moved to a new city to rejoin his old company, as the former Shanghai resident moves to Munich, Germany with property investment house Asia Pacific Land. In the land of beer and BMWs, Zhang now serves as Managing Director of the Hong Kong-based firm’s European division, after serving four years as CEO and Head of Real Estate with CreditEase Asset Management in Singapore. The graduate of Shanghai International Studies University served with Asia Pacific Land for nine years in Hong Kong and Shanghai, and also has experience with Singapore’s Xander Investment Management.
Longfor Group Holdings vice president Han Shi has left the Hong Kong-listed developer to join rival builder Zhongnan Group as a Vice President with the company and head of its commercial property division. Han’s departure comes two months after the executive was relieved of his duties as head of Longfor’s overseas expansion efforts. The veteran property executive had only a two-year stay at Longfor after joining the developer in 2016 from COFCO’s Joy City commercial property unit, where he had served as managing director.
Brandon Chia has been promoted to General Manager for Singapore with the city-state’s home-grown shared office provider, JustCo. Chia’s step up at the Singaporean firm comes more than five years after he joined the company, which now operates 13 flexible office centres in the city. Prior to this latest promotion, Chia spent more than three years as the company’s Head of Sales for Singapore, and also has experience with property investment firm Mapletree and local pension manager Income.
Josephine Ho has joined the MTR Corporation in Hong Kong as a Property Development Surveyor with the operator of the city’s mass transit networks. In her new role the former Henderson Land and JLL executive is responsible for monitoring the implementation of the MTR’s property development projects, including land administration, projects sales and marketing and the financial performance of the company’s many developments.
As usual, if you know of other Asia 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.