China-based changes lead this week’s review of personnel moves from around Asia’s real estate industry with a Singaporean developer bidding farewell to its mainland chief at the same time that the Lion City’s biggest bank names a new leader for its institutional lending in China. Also making the list are updates from ESR and Hong Kong’s Miramar Hotels.
Sherman Hung has relocated from Hong Kong to Shanghai to take on the role of head of corporate and institutional banking for DBS China, according to an announcement from the Singaporean bank. The new position gives Hung responsibility for DBS Bank’s corporate and institutional banking business for mainland China after he had served in a parallel role with DBS’ Hong Kong business since early 2023. Having been with the Singaporean institution for approximately six years, the graduate of Cambridge University and UCL also has experience with HKEX-listed Kidsland International Holdings and Morgan Stanley.
GuocoLand said on 21 March that Peter Lee Wai Mun had stepped down from his role as country general manager of GuocoLand China and would also no longer be serving as legal representative of the company’s mainland entities. Now 59, Lee is said to be retiring after having led the Singapore-listed developer’s China business since April 2022. GuocoLand has yet to name a replacement.
Eddie Lau Yum Chuen is retiring from his role as an executive director with Hong Kong’s Miramar Hotel Group nearly thirty years after he joined the board of the unit of listed developer Henderson Land Development. Lau’s departure was announced on 18 March with the long-time executive also having stepped down from the board of Henderson Land. Lau had left the board of Henderson-controlled Hong Kong Ferry Holdings last month.
ESR chief operating officer Matthew Lawson has been appointed as a non-executive director on the board of Singapore-listed ESR Trust Management (Suntec) Ltd, according to a stock exchange announcement on 21 March. Now 51, Lawson took up his role from the date of the announcement, after having been named chief operating officer of ESR Group in July of 2023. He has now been with ESR Group since 2020.
Daiwa Securities Living Investment Corporation informed the Tokyo stock exchange on 18 March that it had decided to appoint Hidenori Yamaguchi as a director of its asset management affiliate, with effect from 1 April. Yamaguchi has been with Daiwa Securities, the sponsor of the J-REIT since 1993 and has served most recently as head of research with the companies production department.
Midland Holdings notified the Hong Kong stock exchange on 20 March that Pierre Wong Tsz Wa has resigned as managing director of the company with effect from 1 April. Wong, who has worked in his current role since 2012, is also leaving his positions as an executive director and chairman of the property agency’s risk committee. Now 61, Wong is said to have no disagreements with the board.
Singapore-listed Ying Li International Real Estate announced to the bourse on 17 March that Wang Yun has stepped down as non-independent chairman of the company, as well as leaving her role as a non-executive director. Wang’s departure is due to changes in her role at Ying Li’s parent company, China Everbright Ltd, with Everbright executive Pan Jianyun, 54, having taken over her board roles that same day.
Singapore developer and fund manager Wee Hur Holdings informed the SGX on 18 March that John Chng Kheng Peng had been named chief of staff of the company the previous day. Chng is the son-in-law of Wee Hur executive chairman and managing director Goh Yeow Lian and had served most recently as a director with The BeyondPartners, an investment advisory firm which he co-founded.
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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