A director change at a Singapore-listed REIT leads this week’s collection of personnel moves from around the region, as Singapore’s CDL sees the departure of its chief investment officer. There’s also a new finance boss at Hong Kong-listed Kerry Properties, more changes at CIFI Holdings and a few more announcements from around the region.
The manager of IREIT Global announced on 30 December that Frank Khoo had stepped down from his non-executive director role with the SGX-listed REIT, with the move coming after Khoo had earlier resigned from his position as group chief investment officer at City Developments Ltd, which controls the REIT manager. From 1 December CDL chief executive Sherman Kwek, 46, has replaced Khoo as a non-executive director on the IREIT board.
Kerry Properties Ltd announced on 28 November that it has hired Suzanne Cheng Wai Sin as chief financial officer, effective from that same day. Cheng joins the Hong Kong-listed developer from Hutchison Telecom, where she had served as chief financial officer since 2012. The qualified accountant takes over the top financial spot nearly a half-year after Serene Nah had resigned from Kerry’s CFO position, with 31 August having been Nah’s last day on the job.
CIFI Holdings said on 29 November that it has appointed Ru Hailin as an executive director, starting from that same day. Now 48, Ru has been with the financially troubled builder since 2011 and was recently named president of the Hong Kong-listed firm. In the same statement to the stock exchange announcing Ru’s appointment, CIFI also revealed that Chen Dongbiao, who had previously served as president of the company, had resigned from his executive director role and Jiang Daqing had also stepped down as non-executive director.
HKR International said on 1 December that it has appointed Ivan Lee Wank-hay as an executive director on its board with effect from that same day. Now 64, Lee has been with the Hong Kong-listed developer since 2012 and currently serves as general manager for its hospitality division, where he leads the company’s hotel business in Hong Kong, Thailand and mainland China. Prior to joining HKRI, Lee had served with Millennium & Copthorne Hotels, as well as at Pan Pacific Hotels.
Nasdaq-listed H World Group Ltd said on 2 December that it has appointed Jihong He (pictured) as chief financial officer with immediate effect, replacing Hui Chen. The appointment shifts He from her role as chief executive officer for international business with the company formerly known as Huazhu Hotels just over one year after she joined the mainland Chinese firm from CapitaLand Group.
Data centre operator Empyrion DC announced on 1 December that it has named Yongsuk Choi as its chief strategy and infrastructure officer, based in Seoul. At the Seraya Partners-backed firm, Choi is now in charge of developing strategy and planning the expansion of Empyrion’s sustainable data centre platform across Asia Pacific. Choi joins the company from rival Digital Edge, where he had served as chief infrastructure operations officer, and also has previous experience with Facebook in the region.
Troy Tang has joined GLP in Singapore as part of the team managing the industrial specialist’s GLP Perpetual Fund, according to a statement on LinkedIn. Tang joined GLP recently from Brookfield Asset Management in Singapore where he had served as an investment professional involved in the Toronto-based company’s value-add and opportunistic strategies for Asia Pacific for around one year. He also has previous experience with CapitaLand and Perennial Holdings in Singapore.
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.