A new head of finance for Singapore’s Keppel Corporation leads today’s review of personnel moves from around the region, as the Temasek-backed group continues to transform itself. Also making the list is a top-level transition at China’s Gemdale and a new chairman for a mainland property management company.
Keppel Corporation on 19 October announced that it has promoted Kevin Chng to chief financial officer with effect from 1 January. Now 51, Chng has been serving as the Singapore-listed conglomerate’s deputy chief financial officer since March of this year, after first joining the group in 2016 as general manager of risk and compliance. Chng is replacing Chan Hon Chew, who will retire at the end of 2023 after 10 years as CFO.
Mainland real estate developer Gemdale Corporation announced on 16 October that its chief executive officer, Huang Juncan has taken over the chairman role from Ling Ke with effect from that same date as Ling steps down for what are reported to be health reasons. Huang has been on the board of the state-controlled developer since 2008 and has been chief executive since 2010. Gemdale’s stock was down 13.4 percent this week following the change in leadership.
Aoyuan Healthy Life Group on 20 October notified the Hong Kong stock exchange that it has appointed Li Huiqiang as its new chairman, with effect from that same day. In the same announcement, the property management unit of Guangzhou-based developer China Aoyuan said that it had appointed Jiang Nan as a non-executive director and that executive director Cheng Siu Fai has resigned as chair of the board’s nomination committee.
Swire Properties said on 17 October that it has named Richard Lawrence Sell to its board as a non-executive director from that date. Now 47, Sell has served as chief executive officer of Hong Kong Aircraft Engineering Company and also as a director of Hong Kong Aero Engine Services Ltd, both units of Swire Pacific, the parent of Swire Properties, since July of this year and has been with the group since 1999.
Jinmao Property Services said in a statement to the Hong Kong stock exchange on 19 October that it has redesignated Song Liuyi from non-executive to executive director on its board, with Song continuing to act as chairman of the board as well as of its strategy and ESG committee. Born in 1975, Song joined China Jinmao Holdings, the parent company of Jinmao Property Services in 2011.
Singapore-listed Yangzijiang Financial Holding informed the SGX on 20 October that its chief executive officer, Vincent Toe, will be leaving the company on 24 April 2024. Toe will be departing the investment firm just over two years after joining in January 2022. Also on Friday, Yangzijiang Financial said its chief investment officer for China, Peng Xingkui, has resigned from the company, also with effect from 24 April next year. Both are said to be leaving to pursue other opportunities.
JLL has promoted Daniel Billig to senior director for capital markets transactions with its team in Hong Kong, according to a LinkedIn update. In his new role, Billig leads JLL’s services to outbound investors across sectors and received his promotion after more than two years as a director with the same team, which works together with the capital markets division and the broader global capital team.
CBRE said on 17 October that it has brought on board Bernadette Lau as a senior director with its capital markets team in Hong Kong. Lau joins the property consultancy from rival Savills, where she had served as head of Kowloon commercial sales since January of last year. Lau spent more than seven years with Savills in Hong Kong and also has previous experience with Colliers during her 20-year career in brokerage.
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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