New roles for professionals at GIC and Round Hill Capital lead this week’s roundup of personnel moves from around the region, with the Singapore sovereign fund promoting one of its senior real estate executives and the UK private equity firm appointing a new capital raiser for the region. Also, making the list are board changes at Singapore’s UOL and ESR-Logos REIT.
Richard Massey was promoted to managing director at GIC this month after more than five years with Singapore’s sovereign wealth fund, according to a LinkedIn update.. Massey took his latest step up after more than three years as a senior vice president with the $360 billion fund, where he looks after real estate investments from GIC’s home base in Singapore. The graduate of Western Sydney University also has previous experience with Deutsche Bank, Invesco and Dexus.
Round Hill Capital announced on 1 June that it has appointed Jihoon Yim as its regional head of capital markets group for Asia, effective the same day. In his new role, Yim, is expected to continue the real estate investment, development and asset management firm’s success in raising equity for its European residential investment strategies, where it has raised more than $1 billion over the past 12 months. Based in Singapore, Yim joins from South Korean firm Hanwha Asset Management after Round Hill’s former fund raiser, Eva Tay, joined Sweden’s EQT earlier this year.
Tan Tiong Cheng retired from his role as a non-executive and independent director on the board of UOL Group on 27 May at age 71. Tan left the Singapore-listed developer to pursue his personal work commitments and to facilitate the renewal of the company’s board, according to a filing with the stock exchange. A former chairman of Knight Frank Singapore and president of Knight Frank Asia Pacific Tan was replaced on UOL’s board by former WongPartnership attorney Annabelle Yip Wai Ping, who was named as non-executive and independent director on the same day that Tan retired.
ESR-LOGOS Funds Management, the manager of ESR-LOGOS REIT, appointed Singapore-based Nagaraj Sivaram as an independent non-executive director, effective on 3 June. Aged 63, Sivaram spent 35 years at Ernst & Young in Singapore where he had served as an assurance partner until retiring in 2019. In addition to his latest appointment, Sivaram also sits on the board of GK Goh Holdings as an independent director, as well as on the boards of the Land Transport Authority, the Singapore Institute of Technology and the Singapore Turf Club.
Ascendas Property Fund Trustee, the trustee-manager of Singapore-listed Ascendas India Trust, has named Deborah Tan Yang Sock as a non-executive independent director on its board, effective 1 June. The 62-year-old fellow of both the Institute of Singapore Chartered Accountants and the Certified Practising Accountants Australia served at PricewaterhouseCoopers in Singapore from 1993 until retiring as a partner in 2020. She is also currently a non-executive independent director at ground-handling and in-flight catering service provider SATS, according to an announcement last week.
Frasers Property announced on 1 June the appointment of Vicki Ng as its group head of people based in Singapore. Ng will take on her new role looking after the developer’s team on 22 August and will report directly to Frasers’ Group CEO Panote Sirivadhanabhakdi. Before the appointment, Ng was head of people and culture for Asia at Australian property group LendLease, according to her LinkedIn profile. She also worked for more than four years as vice president for rewards and mobility management at lender UOB and served for over three years at American asset management firm Mercer.
Colliers last week announced that it has promoted Bill Chan to head of industrial services in Hong Kong, with the appointment coming just two months after the veteran advisor rejoined the property consultancy firm as senior director for industrial services. Chan’s “expertise and asset specific experience with data centres, cold storage, warehouses and manufacturing plants has enabled the business to deliver enterprising solutions that exceed expectations,” Colliers noted in a news release.
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.