Leading this week’s roundup of personnel moves in Asia’s real estate industry is a sudden shift over in Canada, where CPPIB has named new leadership after Mark Machin made a hasty departure. There’s also a mainland developer keeping leadership in the family, a new chief executive for Marriott Hotels and Singapore’s CDL brings some China experience into the chairman’s office.
CPPIB chief executive Mark Machin has left Canada’s largest pension fund manager after a trip to Dubai to secure a COVID-19 vaccination for himself created a firestorm. John Graham, the pension fund manager’s global head of credit investments was appointed to replace Machin on Friday, after a representative of Canada’s Ministry of Finance said, “We are very disappointed by this troubling situation and we support the swift action taken by the Board of Directors.” A former Goldman Sachs executive, Machin had led CPPIB since 2016, and previously had been head of international with the organisation while based in Hong Kong.
Hong Kong-listed Redsun Properties has appointed Zeng Junkai to its board as an executive director, with the 27-year-old also being awarded the title of vice president with the developer. Zeng, who graduated from the University of Pennsylvania’s Wharton School in 2016 is the son of Redsun chairman Zeng Huansha, and took over a board seat vacated by Jiang Daqiang on 26 February.
Hotel giant Marriott International has appointed Tony Capuano as chief executive officer, following the death of former CEO Arne Sorenson last month. The 55-year-old had previously served as global head of development with the hospitality firm, and had been one of two executives taking over day to day operation of Marriott in recent weeks as Sorenson had waged a battle with pancreatic cancer.
Luke Tan has joined the chairman’s office at Singapore’s City Developments Ltd, where he will continue to serve as an assistant vice president with the firm. Tan takes on his role after more than three years with CDL, where he had served most recently as an assistant vice president for business development and investment. Tan, who also has prior experience with Shanghai-based Fosun Group, joins chairman Kwek Leng Beng’s personal team just as CDL last week declared a record $1.4 billion loss propelled by its investment in China’s Sincere Group.
Adam Bury, an executive vice president for investment sales in Asia with JLL’s Hotels and Hospitality Group, has been named head of investment sales for Queensland with the division of the global property consultancy. Bury, who had been with JLL in Singapore for more than six years has relocated to Brisbane to take on the new role, according to a company announcement, and will also lead the group’s hotel debt advisory business for Australia and New Zealand.
Daniel Shwartzer has joined JLL in Shanghai, according to an update to his LinkedIn profile, and now serves as China lead for regional markets, as well as being a director with the property consultancy’s markets team. Shwartzer joined JLL last month after more than seven years with CBRE, where he had served most recently as an associate director with the tenant representation division of the firm’s office leasing division.
Janice Chin has been promoted to senior executive for asset management with Frasers Property Ltd in Singapore. The National University of Singapore graduate is taking her step up with the SGX-listed developer after serving more than a year as a management associate. Chin had her first exposure to the firm controlled by Thai tycoon Charoen Sirivadhanabhakdi as an intern, and joined Frasers soon after graduating from university.
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.