Top level moves at some of the world’s largest money managers lead Mingtiandi’s collection of personnel changes this week with major appointments and renewals happening at UBS, Apollo Global Management and Korea Teacher Pension. Asia’s developer community are also on the move with new leadership announced at Ho Bee Land, Sime Darby Property, and New World Development.
Fergus Horrobin has been named global head of consumer, healthcare and real estate investment banking at UBS, according to UK media reports citing internal documents. Horrobin, who will continue to be based in Hong Kong, will be taking over the role from Iain Carnegie-Brown, who will shift into a chairman position with the division. The promotion comes after Horrobin has served as global head of real estate, lodging and leisure investment banking in the Swiss bank’s Hong Kong office since 2017.
Apollo Global Management has named senior partner Matt Michelini as its head of Asia Pacific, with the 15-year company veteran set to relocate from Manhattan to Hong Kong to take over the alternative asset manager’s operations in the region, according to a company statement. Michelini, who has been an Apollo director since 2015, will also continue in his role as global co-head of the firm’s Apollo Hybrid Value strategy while supporting expansion of its private equity business in Asia as he oversees the region.
Korea Teacher Pension has extended the term of chief investment officer Lee Kyu-hong through the end of September 2022, according to an announcement this past week. The extension for the former NH-Amundi and Eastspring Investment executive comes after the retirement fund posted double-digit returns during the first two years of his leadership. Lee also served a half-year stint in 2018 as chief executive of Ascendas-Singbridge in South Korea, before that developer merged with CapitaLand.
Singaporean developer Ho Bee Land said this past week that it has appointed former minister of manpower Lim Swee Say as an independent non-executive director on its board. Lim, who left Singapore’s parliament in 2018 after more than two decades of service and three years in the minister role, is now 66 and also serves on the board of Singapore Telecommunications and as a trustee of the National Trade Unions Congress (NTUC).
Malaysian developer Sime Darby Property Berhad announced on 1 October that it had appointed Dr Lisa Lim Poh Lin as an independent non-executive director to its board, effective that same day. Currently a partner and fund manager at Prusik Investments Management in London, and formerly of Columbia Threadneedle Investments, Lim received her PhD from the University of Cambridge in 2005 after first achieving bachelor and master’s degrees in engineering at the UK institution. On the same day, Sime Darby also introduced Dato Hamidah Naziadin, the former group chief people officer at CIMB Group, as an independent, non-executive director.
Thomas Lam has joined New World Development as general manager for asset management with the heavyweight Hong Kong builder. Lam took on his new duties last week after more than 10 years with Knight Frank in Hong Kong, where he had served as head of valuation and advisory for Greater China since October 2018. The University of Sheffield graduate also has previous experience with Colliers International and RHL International 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.