As usual, there were many more familiar faces in new places this week than we could possibly list in this brief column, but we lead off human resources roundup with a top level private equity executive packing up his desk, while a once-trouble Shenzhen developer promotes a former city government official to its board. Read on for all the details on who’s moving up, and who’s heading out.
Rahul Ghai is leaving his role as Head of Real Estate Transactions for Asia Pacific at Deutsche Asset Management, according to a report last week in PERE. Ghai had been with the fund management affiliate of Deutsche Bank since 2011 and during his time with the firm is said to have successfully led over $1.5 billion in transactions across the region. No statement has yet been made regarding the University of Delhi graduates next role. Ghai came to Deutsche from Standard Chartered and also has previous experience with Dubai’s Istithmar World, Westmont Hospitality Group, and JLL.
Kaisa Group Holdings has appointed Mai Fan as an Executive Director with the Hong Kong-listed developer. The company, which became famous in 2015 for being the first Chinese developer to default on its overseas bonds promoted Fan to its board after hiring hims as a Co-President of the group, with responsibility for its business lines covering Internet, culture, sports and tourism initiatives in 2015. Prior to joining the company, Mai served at the Shenzhen Municipal Highway Bureau and with the government of Shenzhen’s Futian district for more than 14 years.
Kenny Yu has been promoted to National Director with JLL’s Markets team in Hong Kong, where he will continue to oversee the company’s office leasing business for mainland clients as Head of the China Desk. Yu takes his step up after serving as a Director with the same team since November 2013. The graduate of Hong Kong Polytechnic University also has previous experience with Savills and with McQuay International.
Shuoyuan (Al) Wang has joined Shanghai Prosperity Fund as a Senior Investment Associate with the mainland private equity firm. The chartered financial analyst takes on his new role with Prosperity Fund in China’s business hub after just under two years as an Investment Manager with Shanghai World Union Equity Investment Management, where Wang specialised in financial analytics and deal structuring advisory. The Shanghai University graduate also has previous experience with JLL.
Ling Wei Tan has been promoted to Vice President with JLL’s Hotels and Hospitality Group in Shanghai. Tan received her promotion just over one year after moving to Shanghai from her native Singapore to take on an Investment Sales Senior Associate role with JLL’s hospitality division in the city. In all, the graduate of Cornell University’s hotel school has been with JLL since 2014, after joining as an Asset Management Analyst.
Davide Fugazza has been promoted to Managing Director at Haworth International in Shanghai. Fugazza takes his step up at the high-end office furnishings supplier after serving just eight months as the company’s Director of Sales for Greater China and North Asia. The Milan Polytechnic graduate has been with Haworth in China’s commercial capital since late 2015, and also has experience with the US firm’s operation in Sydney, Australia.
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.