Fresh China leadership for one of North America’s best-known fund managers leads this week’s roundup of personnel moves from Asia’s real estate industry as Bain Capital introduces a new head of its mainland real estate and special situations business. Singapore’s Frasers also makes the list, as it bids goodbye to the CFO of one of its SGX-listed REITs and Japan’s ORIX names a new strategy officer for its J-REIT.
Bain Capital this past week officially welcomed Michael Hui as partner and head of China special situations and real estate, based in Shanghai. In a LinkedIn post, the company said that Hui, who previously spent more than 20 years with Goldman Sachs, will also contribute to Bain’s initiatives in the broader Asia region. At Goldman, Hui had served until November last year as head of China private equity and growth equity after earlier leading the firm’s real estate strategies in the region.
Frasers Centrepoint Asset Management announced on 7 June that Audrey Tan Loo Ming has resigned as chief financial officer with the manager of Frasers Centrepoint Trust with effect from 9 August. Tan had been in her role with the Singapore-listed REIT since July of 2021 and had served as head of finance for Frasers Property Retail from June 2020 before joining the trust. The company said it is in the process of selecting a replacement.
ORIX JREIT announced to the Tokyo stock exchange on 31 May that its manager, ORIX Asset Management Corporation, had passed a resolution appointing Ikuya Onda as an executive officer of the company. Onda will be responsible for strategic planning, as well as for finance and investor relations, according to the announcement, taking over those responsibilities from president and chief executive Mitsuru Tanaka.
KDX Realty Investment Corporation informed the Tokyo bourse on 5 June that it has appointed Hiroshi Sato as head of acquisition for its listed REIT division and as general manager for the acquisition department for listed REITs. The company better known as Kenedix said Sato would assume his duties that day, after working as part of its team since 2007. Most recently Sato had worked as general manager for commercial real estate with the acquisition department of Kenedix Real Estate Fund Management.
Amara Holdings notified the Singapore stock exchange on 3 June that it has appointed Dawn Teo as chief operating officer of the company from that same date. Now 45, Teo is a daughter of the Singapore-based developer and hotel investor’s chief executive and major shareholder Teo Hock Chuan, and a niece of directors Teo Geok Tin and Lawrence Mok, as well as of Amara executives Teo Kwee Chuan and Teo Siew Bee.
China’s Dafa Properties informed the Hong Kong stock exchange on 7 June that Feng Yijing, an independent, non-executive director on its board tendered his resignation with effect from the previous day. Feng is said to have had no disagreements with the board of the company, which in the same announcement, said that a Hong Kong court hearing on a petition to wind up the mainland developer has been adjourned until 24 June.
Lizzie (Myoung-Ji) Kim has joined ESR Group in Seoul as an associate director with the developer and fund manager’s ESR Kendall Square business. In her new role Kim works as part of the portfolio management team, according to a LinkedIn update, after spending nearly five years with Samsung Securities, where she had worked most recently as a vice president with the real estate finance team.
Mark Thia has joined Pontiac Land Group in Singapore as a vice president with the developer’s property management team, according to a LinkedIn update. Thia joined the privately owned builder this month after more than three years as a general manager with EM Services in Singapore and the Ngee Ann Polytechnic graduate also serves as chairman of the sustainability development committee with the International Facilities Management Association’s Singapore chapter.
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.
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