Fung joins Henderson after 22 years at Hang Seng Bank
Fresh off of buying Hong Kong’s most expensive piece of land ever, Henderson Land Development is adding a senior banking executive to its leadership team by hiring Andrew Fung Hau Chung as Chief Financial Officer.
Fung will be joining the top five Hong Kong developer starting next month, after stepping down from a senior role at Hang Seng Bank, Henderson announced in a filing.
The veteran financier will bring to his new role 36 years of experience in banking, asset management and capital markets. Fung joined Hang Seng Bank in 1995 as a relationship manager and rose through the ranks to hold various executive director-level roles, and has served as head of global banking and markets at the leading Hong Kong commercial bank since 2011.
CFO Appointment Follows Murray Road Site Acquisition
The appointment is timely for Henderson, as the property firm, which has a market cap of over $22 billion, continues to build its business in Hong Kong and mainland China. In May, Henderson smashed records for total price and price per square foot when it paid HK$23.3 billion ($3 billion) for a Central car park site on Murray Road, which it plans to convert into a landmark building.
Fung, who graduated from the University of Hong Kong, also holds an MBA from the City University of Hong Kong, along with degrees from China’s Renmin University and London Business School. Feng is a Professor of Practice (Finance) at The Hong Kong Polytechnic University and holds major public appointments on the boards of the Hospital Authority and Hong Kong Airport Authority.
Henderson, which is headed by billionaire Lee Shau Kee, announced earlier this month it was teaming up with Shanghai-based CIFI Holdings to build two residential projects in the eastern Chinese city of Suzhou for RMB 4.5 billion ($661.7 million).
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