One of Hong Kong’s most experienced real estate bankers leads this week’s review of personnel moves from around the region, with a shift from stocks and bonds to gold. Also making the list is a Hines exec shifting to Sydney and a new CEO for a trouble mainland China property services firm.
Hong Kong-listed jewelry retailer King Fook Holdings announced to the exchange on 29 April that it had appointed Winnie Ng as chief executive officer, replacing Sum Mei Lin, who has resigned from the company. Ng started into her new role on 2 May after nearly three years as head of Hong Kong coverage and co-head of APAC real estate, gaming and lodging at Bank of America. She had previously spent 20 years with JP Morgan in Hong Kong.
Hines senior managing director Drew Huffman has traded Tokyo for Sydney, adding a fourth location to his career with the developer and fund manager. Huffman has headed for Australia just after being promoted from managing director and will be working alongside country head David Warneford. The 13-year Hines veteran had relocated to Tokyo from Hong Kong in 2020 after having previously worked with the company in California.
Ronshine Service Holding announced to the Hong Kong exchange on 29 April that it has appointed Ou Guofei (pictured) as CEO of the company, following the resignation of incumbent Ma Xianghong. Now 31, Ou is the son of Ronshine China Holding chairman Ou Zonghong, with that company owning a controlling stake in Ronshine Service as its property management subsidiary. The younger Ou joined the board at Ronshine Service as chairman and executive director in September of last year.
The manager of ARA US Hospitality Trust announced to the SGX on 3 May that Stefanie Yuen Thio had stepped down from her role as an independent, non-executive director with the the SGX-listed REIT. The veteran attorney had served on the board of the hotel REIT since 2019, and with her departure also ceases to be a part of the listed trust’s audit and risk committee. The REIT’s manager has yet to name a replacement director.
Alan Sun is now an equity partner and head of China for Insignia Capital in Beijing, according to a LinkedIn update. In his new role Sun will focus on investments in logistics and commercial real estate with the company after spending more than two years with retailer Miniso as a managing director looking after investments in logistics properties and other real estate. The Massey University graduate also has previous experience with CFLD, CBRE and Knight Frank.
Peter Zhou has been appointed as vice president for development in Greater China with Intercontinental Hotels & Resorts in Shanghai, according to a LinkedIn update. Zhou’s new role is a promotion with the parent company of brands including Crowne Plaza and Holiday Inn, after he joined the group in 2018 as head of development. The Hubei University graduate also has previous experience with Shangri-La Hotel Group and Malaysia’s Genting.
Vivek Kaul has been promoted to managing director and head of retail with CBRE Asia Pacific in Singapore, according to a LinkedIn update. Kaul took on his new role last month as promotion after more than five years as head of retail for Asia with the property consultancy. The leasing veteran also previously led retail services for India for CBRE from Gurgaon and has prior experience with developer DLF and JLL.
Sally Tan has been promoted to senior managing director and head of client solutions with Savills in Singapore, after more than two years with the property consultancy. Tan earned her upgrade after having served as managing director with Savills’ commercial, industrial and logistics team. The National University of Singapore graduate also has previous experience with Ascendas (now part of Capitaland) and Keppel Land.
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.
Note: this article has been updated to correct the spelling of Ms Stefanie Yuen Thio’s name. Mingtiandi regrets the error.
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