Leadership moves in Singapore and Indonesia lead this week’s review of personnel changes from around Asia’s real estate world as a Singapore-listed REIT of US properties names a new finance head and a Jardines-controlled developer in Indonesia upgrades its top shed guy.
The manager of Keppel Pacific Oak US REIT said on 25 April that it has appointed See Ai Lin (pictured) as head of finance with effect from 16 June. Now 35, See is currently senior finance manager at the trust manager and will be replacing chief financial officer Andy Gwee who will be stepping down after more than seven years. Gwee is leaving the CFO position to take on a new role at the trust manager’s parent firm, Keppel Ltd. The Singapore-listed trust explained the appointment as part of its ongoing succession planning and talent development.
Ashwin Bhat has been promoted to president director with the industrial and logistics division of Indonesia’s Astra Property, according to a LinkedIn update. In his new role, which comes after Bhat served as a director with the same division for more than three years, the industry veteran is responsible for the Jakarta-listed group’s industrial and logistics portfolio across Indonesia. Currently under secondment from Astra’s parent firm, Jardine Matheson, Bhat formerly worked as head of Southeast Asia investments and partnerships with new economy-focused Innovate Jardines.
Japan’s Sekisui Kasei informed the Tokyo stock exchange on 23 April that it has provisionally decided to appoint the company’s current senior managing executive officer, Yasunobu Furubayashi, as representative director and president director with effect from 24 June. Furubayashi would be replacing Masato Kashiwabara, who is set to retire from the board to take on an advisory role, should the planned change be approved at a board meeting on 24 June.
Greentown Management Holdings informed the Hong Kong stock exchange on 25 April that it has appointed Geng Zhongqiang as a non-executive director and co-chairman of the company’s board with effect from that same day. Now 53, Geng was appointed as an executive director and executive president of Greentown Management’s parent company, Greentown China Holdings, in July 2019.
Wing Tai Properties announced to the Singapore exchange on 24 April that has appointed Fred Lam Tin Fuk as an independent, non-executive director of the company with effect from 29 May. Having served as chief executive officer of Hong Kong’s Airport Authority from 2014 through 2024, Lam will serve as chairman of the board’s remuneration committee as well as of its nomination committee.
Hong Leong Asia, a Singapore-listed conglomerate controlled by CDL chairman Kwek Leng Beng, announced to the SGX on 25 April that Caroline Kwong Ka Lo has ceased to serve as an independent, non-executive director of the company with effect from Hong Leong’s annual general meeting that same day. Now 66, Kwong has served on Hong Leong’s board since 2016 and had chaired the sustainability committee and the nominating committee.
China Jinmao Holdings notified the Hong Kong stock exchange on 22 April that Cheng Yong has resigned from his role as a non-executive director on the company’s board with effect from the previous day. A long-time executive with China Jinmao’s parent firm, Sinochem Group, Cheng had served on the board since 2020 and recently left Sinochem to join China Minmetals.
Richard Orbell has been promoted to senior director with the investment properties team at CBRE in Tokyo, according to a LinkedIn update. Orbell took his step up this month after more than four years with the same team in Japan’s capital after joining CBRE five years ago from JLL. At JLL, the graduate of RMIT University in Australia had been a senior director with the capital markets team in Seoul.
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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