China’s great developer restructuring leads today’s list of real estate personnel moves from around the region, as Evergrande Group welcomes a top government restructuring expert to its board. Also, in the news, Ontario-based investor Cadillac Fairview has named a new regional head based in Singapore, and Haitong International has promoted one of its real estate investment leaders in Hong Kong.
China Evergrande Group announced this past week that it has appointed China Cinda Asset Management executive Liang Senlin as a non-executive director on its board. Liang, who joined China Cinda in 2018 from competitor China Orient Asset Management, heads the Hong Kong unit of the state-backed bad asset bank and has been named to Evergrande’s risk resolution committee. His appointment is widely seen as a sign of central government involvement in the developer’s restructuring. Also named to Evergrande’s board was company insider Shawn Siu, who heads the group’s Evergrande New Energy Vehicle unit.
Junnosuke (Jun) Ando shared on LinkedIn this past week that he has joined Cadillac Fairview in Singapore as managing director for Asia Pacific. Ando joins the real estate investment division of the Ontario Teachers’ Pension Plan from Goldman Sachs, where he had served most recently as a managing director based in Sydney. The Oberlin College graduate also has experience with Goldman Sachs in Singapore and Tokyo.
Felix Chan has been promoted to senior vice president with the real estate investment division of Haitong International Securities Group in Hong Kong, according to a LinkedIn update. Chan received his upgrade this month just less than two years after joining the Hong Kong unit of one of China’s largest investment banks. The University of Toronto graduate also has previous experience with Link REIT and Phoenix Property Investors in Hong Kong.
CBRE announced earlier this month that it has hired Crystal Palar as an executive managing director with its capital markets division for Asia Pacific. Based in Singapore, Palar joins CBRE from competitor JLL, where she had worked since joining the company in Shanghai in 2004. In 2008 Palar had relocated to Singapore with JLL, where she had been involved in a wide variety of deals across the region.
In another addition to its capital markets team in Singapore, CBRE has brought on board Andrew Hunter, who relocated from the company’s London office. In his new location Hunter continues to serve the company as a director after spending one year with the property consultancy in the UK. In his new role Hunter will focus on assisting investors in the Singapore and Malaysia markets with investments into the UK and other western economies.
With Singapore’s investment market becoming a focus of global investors, JLL has appointed Pamela Siow as head of logistics and industrial capital markets in the city-state, according to an announcement from the company. Siow joins JL from Sabana Real Estate Investment Management, the manager of SGX-listed Sabana REIT, and also has previous experience with Colliers in the city. In her new role, Siow will report to JLL’s head of capital markets for Singapore, Ting Lim.
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.