A change in financial management at Hong Kong-listed SRE Group kicks off this week’s collection of real estate professionals finding new jobs, as troubles at the company’s cash-strapped parent appear to ripple into the operations of the cross-border investment specialist. JLL also plays a leading role in Mingtiandi’s people round-up as the property consultancy names a new head of retail leasing for Hong Kong and Macau at the same time that it bids farewell to its regional research head. There are also key personnel changes in Singapore and mainland China just a bit further down the page.
SRE Group, a Hong Kong-listed cross-border investment subsidiary of China Minsheng Investment Group has reshuffled its board, announcing on 10 September that Zong Shihua (pictured) has stepped down as its Chief Financial Officer, but will remain on the company’s board as an Executive Director. Zong is being replaced as CFO by Peng Xiongwen. The announcement came four days after SRE Group revealed to the stock exchange that it had received a writ of summons late last month from its largest shareholder, SRE Investment Holding, seeking repayment of RMB 150.4 million. SRE Group’s parent company, China Minsheng Investment Group has struggled financially since its founder Dong Wenbiao stepped down last year after coming under investigation for corruption.
JLL has announced that Oliver Tong will take over as head of the company’s retail leasing team for Hong Kong and Macau as of 1 January 2020. The new role is an upgrade for the graduate of Australia’s University of New South Wales, who currently serves as Head of Leasing for Macau with the property consultancy. Since joining JLL in 2012 Tong has worked with some of the largest developers and occupiers in the gaming hub including leading the Macau retail team in securing the first virtual reality theme park for the Legend Heroes Park at Melco Crown Entertainment’s Studio City project.
Megan Walters, Head of Research for Asia Pacific at JLL has handed in her notice, according to an update by PERE last week. Walters, who has been with JLL since 2010, and had served as its top spreadsheet and chart watcher from 2016 when she was promoted from head of research for Asia Pacific at the company’s capital markets division. The Singapore-based executive did not respond to inquiries from Mingtiandi regarding her future plans.
Annice Haw has joined Colliers International in Singapore as a Senior Business Development Manager with the property consultancy. Haw takes on her new role with Colliers after just over one year with Sabana Real Estate Investment Management, the manager of Singapore-listed Sabana REIT. Prior to joining Sabana REIT, the Ngee Ann Polytechnic graduate had spent two years in business development with JLL’s project and development services division in Singapore, and also has prior experience with Savills in the city.
Carrie Liang has been promoted to Assistant General Manager for Leasing at K11 Concepts in Hong Kong. Liang received her most recent promotion with the division of Hong Kong-listed New World Development after serving two years as a Senior Manager for Leasing. Armed with a Masters in Real Estate Surveying from the University of Hong Kong, Liang has been with K11 since 2012 and also had previous experience with Swire Properties.
Chris Lee has joined developer China Vanke in Guangzhou as an Assistant General Manager with the company’s Yongqingfang project. A graduate of Guangdong University of Foreign Studies, Lee stepped aboard with the mainland giant after more than six years with K11 in Hong Kong where he was responsible for leasing at the K11 Art Mall Hong Kong and for the company’s Guangzhou projects. Lee also has previous experience with Kerry Properties and Swire Properties.
Veronica Woon has been recruited by JLL in Hong Kong, where she joined the team as a Workplace Ambassador. Woon joins the property services firm after just over one year as a Community Associate with serviced office provider The Work Project in Hong Kong. The Hong Kong Polytechnic University also has experience with One Media Group Asia and Appco Asia before joining the world of workplaces.
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.