Board moves at real estate giants in Hong Kong, Singapore and mainland China led this week’s review of personnel moves from around the region on Mingtiandi, starting with Shui On Land promoting an heir-apparent to vice chairman. Also making the list are a new CFO at SGX-listed Oxley and a new executive director at Guangdong developer China Aoyuan.
Shui On Land informed the Hong Kong bourse on 28 May that it has appointed Stephanie BY Lo as vice chairman of the company with effect from that date. Lo, whose father is Shui On chairman Vincent Lo, has been an executive director of the company since 2018 and is also a non-executive director of its SOCAM Development Ltd affiliate. In the same announcement, Shui On said that independent, non-executive director Roger L McCarthy is stepping down from the company’s board.
Oxley Holdings announced to the Singapore stock exchange on 31 May that it has appointed Chin Mei Ling as the company’s chief financial officer and company secretary with effect from 30 June. Now 42, Chin is replacing Jaslyn Leong Mei Kuan (pictured) who is stepping down on that same date. Chin has been with the Singapore-based developer since 29 April of this year, when she joined as financial controller.
China Aoyuan Group Ltd has appointed Cheng Siu Fai as an executive director of the company from 27 May, according to a statement to the Hong Kong stock exchange that same day. Now 50, Cheng had served as an executive director of Aoyuan’s property management affiliate Starjoy Wellness and Travel Company Limited (formerly known as Aoyuan Healthy Life Group Company Limited) from February 2023 to May 2024.
Raffles Family Office said on 27 May that it has promoted Kendrick Lee, a managing director and co-founder of the company, to CEO for Singapore. With Raffles maintaining dual headquarters in Hong Kong and Singapore, Lee has led the wealth management company’s expansion in Singapore and Southeast Asia since joining the company as an executive director in 2018.
Link Asset Management announced on 29 May that it has appointed Barry David Brakey to an independent, non-executive director role on its board with effect from the following day. Now 64, Brakey is a managing partner of European real estate investment and asset management company CC Real International GmbH and serves as non-executive chairman of Madigan Capital Pty Ltd, a CC Real-invested real estate debt manager in Australia.
ARA Trust Management (US Hospitality) Pte Ltd, the manager of ARA US Hospitality Trust, informed the Singapore stock exchange on 31 May that it has appointed Sim Chee Wah as chief financial officer of the company, with effect from the following day. Now 56, Sim is also a director of Gordon Tang’s Sing-Haiyi Emerald Pte Ltd and also served as deputy chief executive officer of Tang’s Haiyi Holdings from 2022 through this past month. Tang and his family agreed last week to buy control of the sponsor of ARA US Hospitality Trust from ESR’s ARA Asset Management unit, with the REIT’s head of finance, Lim Kai Lun, stepping down at the same time that Sim was appointed.
Boustead Singapore Ltd has appointed Wong Yu Wei as group chief operating officer of the company with effect from 5 August this year, according to an announcement to the SGX. Now 47, Wong is the son of Boustead chairman and group chief executive officer Wong Fong Fui and brother of executive director and deputy group chief executive officer Wong Yu Loon. He has been an executive director of the company since April of this year and has been employed at the group since 2007.
The manager of Daiwa House Logistics Trust informed the Singapore stock exchange on 29 May that it has appointed Eiichi Shibata (pictured) as a non-independent, non-executive director on its board from 1 June. Now 63, Shibata takes over the board position from Hirotsugu Otomo, who has resigned from the Singapore-listed REIT after being promoted to director and senior management executive officer with the trust’s sponsor, Daiwa House Industry.
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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