JLL announced personnel changes to its Greater China valuation business on the first day of 2018, in a bid to better serve the needs of clients and the firm, the property consultancy said in a press release. The change comes as the firm consolidates its valuation advisory departments for the Greater China region.
CK Lau, who has already taken the role of International Director, the firm’s most senior leadership level, became the Head of JLL’s Valuation Advisory Services (VAS) in Asia and Greater China. Formerly the head of VAS in Hong Kong, Lau’s new job is an expanded role for Lau to also take overall responsibility for JLL’s valuation advisory services business in China, Hong Kong, Macau, Taiwan and Asian cities.
Lau first joined the valuations department at Jones Lang Wootton, the predecessor of JLL, in 1986 and worked in the firm’s investment department before departing the company for a brief time in 1997. He rejoined Jones Lang Wootton in 1998.
Corporate Appraisal Service Being Merged with Valuations
In addition to the expanded role for CK Lau, JLL’s former Head of Corporate Appraisal and Advisory (CAA) services for Greater China, Sylvia Lau, took up the position of Head of VAS for China. The current CAA team and the China Valuation team are being consolidated into VAS China under the reorganisation scheme, with more than 200 employees under her leadership. Sylvia Lau is a veteran of the firm, like her new supervisor, having first joined in 1997.
Rita Wong, who is also an International Director, assumed the role of Head of VAS, Hong Kong and Macau. She will also coordinate special regional projects. Wong has worked at JLL since 1993. Like Sylvia Lau, Wong would also report to CK Lau after the appointment.
Changes Aimed at Streamlining Service to Clients
“With a view to providing our clients with the most professional and efficient services, we have streamlined the structure of the valuation businesses,” Managing Director in Greater China Fung Kin-keung said in the press release.