New leadership for a top investment bank’s Korea business leads this week’s collection of real estate headlines from around Asia Pacific, with DWS also making the list with an Aussie upgrade. Back in the US, Lone Star names a new global boss and Shanghai’s Yanlord Land sees some board turnover.
Goldman Sachs this past week named Choi Jae-joon as its country head for Korea, promoting him from his previous role as head of Korea fixed income currencies, commodities and equities, according to a KED Global report citing an announcement by the investment bank. Choi steps up as country head David Chung departs the bank after more than 25 years. Edward Byun, co-head of equity capital markets for Asia ex-Japan will oversee Goldman Sachs’ investment banking in Korea on an interim basis, according to an earlier Bloomberg report.
DWS earlier this month announced that it has promoted Lidia Tomova to chief executive officer for Australia. Pending regulatory approval, Tomova will also be appointed chairperson of DWS Investments Australia Limited (DIAL). Following the moves Tomova will continue to serve as head of coverage, Australia & New Zealand for DWS, while reporting to Vanessa Wang, head of APAC and head of coverage for APAC with the company.
US fund manager Lone Star has appointed Donald Quintin as chief executive officer and global president, the company said in an announcement this past week. Quintin is taking his step up after having joined Lone Star in 2010, where he served most recently as president of opportunity funds. In his previous role Quintin oversaw origination and operations for the company’s opportunity fund and residential mortgage fund strategies.
Shanghai-based developer Yanlord Land said in an announcement to the Singapore stock exchange on 12 April that Zhong Siliang will be retiring from his role as executive director with the company and will step down at the conclusion of its annual general meeting on 29 April. Now 46, is a nephew of chairman Zhong Sheng Jian and has served on the board since 2006. In a separate announcement that same day Yanlord Land said that Hong Pian Tee will be retiring from his role as an independent, non-executive director on that same day.
Chinese real estate website operator Fang Holdings said on 13 April that Peng Cui is resigning as chief financial officer with the company with effect from 15 April. Peng is said to be leaving to pursue other opportunities after having been appointed to the CFO role in February 2022. In the same statement, Fang said that director Yu Huang would be leaving the company’s board that same day.
Clairie Tay has logged in at Google in Singapore, where she now works in strategy and acquisitions as part of the tech giant’s global infrastructure team, according to a LinkedIn update. Tay joined Google after more than two years in strategy and investment in the data centre supply solutions team at Amazon Web Services. The Singapore Management University graduate also has previous experience with CBRE.
David Wray has joined La Vie Hotels and Resorts as senior director for growth and development in Asia, according to a LinkedIn update. Based in Singapore, in his new role Wray is focused on building La Vie’s franchise business in Asia. He takes on this latest position after more than 19 years with Wyndham Destinations, where he had served most recently as senior vice president for acquisitions, business development and procurement.
Ivy Kwan is now part of the team at Pontiac Land’s Capella Hotel Group where she serves as senior vice president for sales and marketing, based in Singapore, per a LinkedIn notice. A veteran of hotel management in mainland China, Hong Kong and Southeast Asia, Kwan signed up with the luxury hospitality operator after just under three years with Urban Resort Concepts in Shanghai, where she had served as senior vice president for commercial strategy and business development.
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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