It may be a holiday week, but that hasn’t stopped some of Asia’s real estate professionals from starting new positions. Nanjing’s Sanpower added a cross-border investment specialist, while Xinyuan Real Estate brought onboard a new CFO, and DTZ | Cushman & Wakefield bid goodbye to a few more team members. Keep reading to see who moved where this week.
Helen Zhang has been appointed Chief Financial Officer at Xinyuan Real Estate, the second top-level change in the NYSE-listed developer’s board this year. Zhang will be taking over from Huaiyu “George” Liu who is also no longer serving on the company’s board of directors. Xinyuan, which announced its second and third projects in New York City earlier this year, replaced its CEO, Xinqi Wang, with new top executive Lizhou Zhang in late July. Helen Zhang had most recently served with Xinyuan as Assistant President.
Michael S Weiss has moved to Sanpower Group and will assume the role of Vice President of the firm’s Investment division, based in Singapore. In his new role, the graduate of Northwestern and Harvard Universities will oversee cross-border acquisitions and investments for the Nanjing-based conglomerate which made its mark internationally through its £480 million ($617 million) 2014 acquisition of the UK’s House of Fraser. Weiss has most recently been working at Sailing Capital as Managing Director, and also spent time at Morgan Stanley heading their mergers and acquisitions division in China.
Michelle Wong is now the Director of International Properties at Beijing Fortune International Limited. The move comes as a promotion after Wong had served as Head of International Sales at the firm for almost three years. In her new role, Wong assists high net worth individuals in purchasing outbound real estate investments in Canada, USA, Australia and England. The London Business School graduate also spent two and a half years working as a real estate agent in Sydney with Century 21 before moving to Beijing.
Cuong Nguyen joined PGIM Real Estate as Head of Asia Pacific Investment Research last month. The PhD holder from the UK’s Heriot-Watt University joins the property investment firm from M&G Real Estate Asia where he served as Head of Research and Strategy leading the firm’s regional analysis. PGIM Real Estate has $66.5 billion assets under management with nine percent of these located in Asia. Nguyen will be based and Singapore and report to Global Head of Investment Research Peter Hayes.
Matthew Miao has left DTZ | Cushman & Wakefield to join Hong Kong-listed Future Holdings as an Investment Manager. The Hong Kong University of Science and Technology graduate had spent more than two years at DTZ | Cushman & Wakefield, most recently working as a Manager in the Financial Advisory Services division where he created valuation reports for developers and finance clients. In his new role, he will be conducting real estate private equity investments.
Bingkai Zhu has traded in the panda bears of Chengdu for the koala bears of Sydney after taking on the role of Channel Manager at New Home Centre in Australia. Before migrating southward, Zhu had spent the past four years at Cushman & Wakefield, and later DTZ | Cushman & Wakefield, where he was a Research & Consulting Manager. He led the Chengdu Research Department in monitoring the commercial property markets of western and central China.
As usual, if you know of other China 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.