Promotions at a mainland China mall REIT and a Macau casino operator lead this week’s review of personnel moves from around Asia Pacific, with a pair of Australian updates also making the list.
Singapore’s Temasek Holdings announced on 6 June that Teo Chee Hean (pictured) will join its board of directors as deputy chairman from 1 July, with the career politician set to take over the chairman role from Lim Boon Heng when the latter retires in October. The change in chairman is part of a broader renewal at the Singapore government investment holding company, which also sees current deputy chairman Cheng Wai Keung and director Bobby Chin retiring from 31 July. Lim has served as Temasek’s chair for 12 years, with Teo having been deputy prime minister of Singapore from 2009 to 2019 and has since worked as a senior minister in the government.
The manager of Sasseur REIT announced on 3 June that it had promoted Cheng Hsing Yuen to the role of chief operating officer with effect from that day. Now 59, Cheng took on his new responsibilities with the manager of the SGX-listed trust after serving as head of asset management for the REIT of Chinese outlet malls since 2018. Last month Sasseur announced that its chief executive, Cecilia Tan would be leaving the manager in late October.
Melco International Development, the parent company of Macau casino operator Melco Resorts & Entertainment said on 6 June that it has appointed its chief financial officer, Geoffrey S Davis, to an executive director role on its board of directors. Now 57, Davis has been CFO of the company since 2017. In the same announcement to the Hong Kong stock exchange, Melco said that it has appointed Henry Ko Chun Feng to an independent, non-executive director role on its board with both appointments taking effect from that day.
Troy Bryant has co-founded LogiSpace, a logistics development and investment platform backed by Australia’s Macquarie Group, according to a LinkedIn update. Bryant has set up the Sydney-based group together with his former Logos Group colleague Darren Searle, with Bryant having served as head of development for Australia and New Zealand at Logos following earlier roles at Woolworths and Stockland.
Australia’s Centennial Property Group announced on 29 May that it has hired Jessica Lacy as retail asset and leasing manager as the Sydney based investment manager ramps up its shopping centre activity. Lacy takes on her new role following a 15-year engagement at Charter Hall where she served as asset manager for retail and hospitality across Queensland, Victoria and New South Wales.
European fund manager Praemia REIM said last week that it has appointed Guy-Young Lame as head of research and strategy. Lame joins Praemia after more than five years with Ivanhoe Cambridge in Paris where she had served as principal director for global research and insights. The graduate of University Paris Dauphine also has previous experience with Invesco and BNP Paribas Real Estate.
Viola Chee announced on LinkedIn this past week that she is leaving her role as managing director for finance with 8M Real Estate in Singapore after more than six years with the investment manager. Chee is giving up her real estate career to launch a pet hotel after more than 20 years in the industry, including stints with SilkRoad Property Partners (now part of HSBC Asset Management), LaSalle Investment Management and Ernst & Young.
Scott Keller said on LinkedIn that he has left his role as senior vice president for store development and design for Asia Pacific at Starbucks after nine years in the role. In a parting message, Keller thanked his colleagues for their support in opening new shops across the region, with the veteran retail executive having also worked at cosmetics brand Estee Lauder, Apple and Nike in the region after an earlier term with Starbucks in the early 2000s.
Savills announced on 3 June that it has appointed Sumeet Bhatia as managing director for the capital markets division of its India business. Bhatia joins the property consultancy after more than 19 years at competitor Cushman & Wakefield, where he had served most recently as managing director for alternatives with the group’s India operation.
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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