Departing directors lead this week’s roundup of personnel moves from around the region, with a pair of state-sector veterans leaving their board seats at China Fortune Land Development. Also losing some leadership is Singapore’s Surbang Jurong, which is saying goodbye to its CEO and GuocoLand China, the mainland unit of SGX-listed GuocoLand, is bidding farewell to its top executive as a new country manager takes over.
Troubled mainland builder China Fortune Land Development announced last week that its co-chairman, Wu Xiangdong, has resigned from his roles on the company’s board, but said that the former China Resources Land executive will continue to play a role as CFLD forges ahead with a debt restructuring plan announced in September of last year. Wu, who is also a director on the board of Hong Kong’s Sun Hung Kai Properties, joined CFLD in 2019, shortly after Yu Jian, another China Resources graduate, was named co-president. Yu also stepped down last week.
Infrastructure advisory firm Surbana Jurong said last week that its group chief executive, Wong Heang Fine, will be retiring from the firm on 30 September. Now 64, Wong has been leading the unit of Singapore’s Temasek Holdings since 2015, and Surbana Jurong is now actively searching for a replacement leader. Wong will continue in his duties and is assisting in the leadership transition while he remains at the firm.
Singapore-listed developer GuocoLand said earlier this month that it has appointed Peter Lee Wai Mun as country managing director for its GuocoLand China business. Formerly deputy head of business development for Keppel Land China, Lee is taking over the top mainland position for GuocoLand from Hoon Teck Ming, who had served in the role since 2016. Now 56, Lee also has previous experience with government body International Enterprise Singapore and later served as head of the Singapore consulate in Chengdu.
Christopher Sia Ik Ting has been promoted to executive director with Engie RCS in Singapore, according to a LinkedIn update. In his role with the French energy giant, Sia looks after engineering and interior fitout for data centres in Singapore, as well as construction management across ASEAN. In July last year Engie announced a joint venture with Logos, now part of ESR, to build a renewable energy platform based around providing solar power for the industrial developer’s Asia Pacific portfolio.
Colliers announced last week that it is welcoming back Bill Chan as senior director for industrial services for Hong Kong. Chan rejoins the property consultancy three years after heading from Hong Kong to Canada for a role with a property development and management firm there. Having previously worked with Colliers until 2019, Chan has 28 years of industry experience, including expertise in data centre transactions.
Clemence Lee has been promoted to executive director with the capital markets team with CBRE Asia Pacific, according to a LinkedIn update. Based in Singapore, Lee takes his step up after more than two years as a senior director with the property services firm, where his work spans portfolio transactions, commercial assets, development projects, hospitality and shophouses. The National University of Singapore graduate also has previous experience with JLL and with DTZ, prior to its merger with Cushman & Wakefield.
Mark Palmer has been promoted to chief financial officer with luxury developer Fuin, according to a LinkedIn update. Based in Tokyo, Palmer takes his step up at the Hong Kong and Japan-based firm more than three years after joining as director of business development. The graduate of Cardiff University in the UK also has previous experience as an office broker with CBRE in Hong Kong.
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