Top level changes at a pair of Hong Kong-listed developers lead this week’s collection of personnel moves from around Asia, as the head of Shanghai-based builder trims back his role and a Hong Kong firm adds some diversity to its board. Also naming new leadership are India’s Oberoi Realty and the fund management division of Hong Kong’s CSI Properties.
Hong Kong-listed developer Glorious Property Holdings announced on 15 December that Ding Xiang Yang has resigned as chief executive officer with effect from that same day. Ding will continue to act as chairman of the board and as an executive director of the Shanghai-based developer while company veteran Zheng Qun Guo, age 53, has been appointed as chief executive, with that transition taking place on 15 December.
Grand Ming Group Holdings announced to the HKEX on 15 December that Tsang Ka Man, a senior project manager with the Hong Kong-based developer, has joined its board as an executive director with effect from that same day. Now 32, Tsang joined Grand Ming in 2016 and has been appointed to the board for a three-year term. At the same time that Tsang takes her step up, Bill Mok Kwai Pui has resigned from his position as an independent, non-executive director on Grand Ming’s board.
Oberoi Realty said this past week that Pankaj Gupta has joined the company as chief executive officer for commercial real estate, where he is expected to direct strategy for the company’s business park development business. Gupta joins the Mumbai-based developer from competitor K Rajeha where he has spent more than 15 years, including serving most recently as senior vice president and head of asset management and facilities.
Yang Yu has joined CSI Properties Asset Management in Hong Kong as chief executive officer, according to a LinkedIn update. Yu signed up with the fund management division of Hong Kong-listed CSI recently after more than six years with Chelsfield Asia, where he had served as chief investment officer. Yu, who also has previous experience with the UK’s Grosvenor, took over the top spot at CSI Properties Asset Management following the departure of Andrew Taylor earlier this year.
Chris Chen has signed up with Hopson Real Estate in Shanghai as a senior director with the mainland developer, according to a LinkedIn update. Chen came aboard at Hopson last month after less than a year with rival LandSea Green Properties, where he had served as an executive director with the company’s fund management team. The Shanghai University of Finance and Economics graduate also has previous experience with Nova Property Investment in Shanghai.
CBRE said this past week that it has hired Apratim Mitra as head of digital and technology for its India business. In his new role, Mitra is expected to oversee CBRE’s technology enablement teams in the country after the company earlier this year announced a plan to boost investment in its in-house technology capabilities. Mitra joins the property agency from Bank of America, where he had served as a senior vice president with the firm’s tech division.
David Nguy has joined CBRE in Hong Kong as head of projects for the northern sector with the company’s data center solutions division, according to a LinkedIn update. Nguy picked up his new name cards this month after previously serving as a director with TerraNovae in Shanghai, and the University of New South Wales graduate also has previous experience with Cundall where he served as a general manager in charge of the company’s China business.
US data centre REIT Digital Realty announced on 13 December that it has named Andy Power as its new chief executive, replacing A William Stein, who is departing the company. The transition also involves Power, who was named president of Digital Realty last year and has served as chief financial officer since 2015, joining the REIT manager’s board. In addition to stepping down as CEO, Stein has left Digital Realty’s board and will depart the company at the end of this year.
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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