A departure from one of Asia’s largest sovereign funds leads our look at personnel moves in Asia’s real estate community this week as a CIC says farewell to an 18-year veteran. Also making the list this week is a new head of India real assets at Macquarie and a new board director at Hong Kong’s New World.
China Investment Corporation announced on 8 December that Zhao Haiying has ceased to serve as an executive vice president of the sovereign wealth fund, per a decision of its board of directors. Zhao, who had served as CIC’s chief risk officer as well as a director of investment bank CICC had been with the sovereign giant since 2007 and the organisation acknowledged her contributions to optimizing the management model of state-owned financial capital, strengthening asset allocation and research-driven approaches in its announcement of her departure.
Macquarie Asset Management has hired Prateek Jhawar as head of real assets for India according to an announcement by the Australian finance giant this past week. Jhawar will join Macquarie from next month after more than 17 years with Mumbai-based Avendus Partners, where he has been serving as a managing director with the company’s investment banking team. Jhawar is credited with helping to establish the structured finance and special situations advisory business at Avendus before later founding the company’s infrastructure and real assets business.
New World Development announced on 12 December that Chan Yiu-Ho has been appointed to an executive director seat on the company’s board with effect from that day. Now 53, Chan joins the Hong Kong-listed developer’s top decision-making body after first joining New World in 2000, and he now serves as chief executive officer of the company’s New World China Land subsidiary, where he oversees New World’s China business.
CSI Properties notified the Hong Kong stock exchange on 11 December that Yip Chai Tuck has joined the company’s board as an executive director with effect from that same day. Now 51, Yip is joining CSI’s board as his first role with the company after having served as CEO of local conglomerate Lai Sun Garment from 2013 through 2024 and as an executive director of Lai Sun Garment’s eSun Holdings unit from 2014 through April this year.
Oxley Holdings informed the Singapore stock exchange on 11 December that it has appointed Yap Pei Chin as financial controller and company secretary with effect from 1 January. Now 37, Yap takes over responsibility for the SGX-listed developer’s finances after Chin Mei Ling resigned as chief financial officer. Having served as CFO since June of last year, Chin is said to be leaving to pursue other career opportunities.
Jeff Hogarth is now chief executive officer for Peregrine Cold Logistics in Singapore after having co-founded the company with US private equity firm Stonepeak, according to a company statement. Hogarth takes on the top role with the cold chain startup after having served as president for Asia Pacific with US cold chain specialist Lineage Logistics from 2020 through July of last year. Peregrine is targeting cold chain projects in southeast Asia, northern Asia and the Persian Gulf.
Country Garden Services notified the Hong Kong stock exchange on 7 December that Huang Peng has resigned from his role as chief financial officer of the company with effect from 5 December to devote more efforts to the group’s incubation business. Peng, who has led the company’s finances since 2016, continues to serve as the company’s executive president and chief sustainability officer, with company newcomer Tian Tian taking over the CFO duties.
Craig To is now head of investor relations with Flow Capital Partners in Hong Kong, according to a LinkedIn update. To now leads fundraising and investor relations for the regional credit specialist as well as taking charge of the company’s marketing efforts. The University of California at Berkeley graduate earlier served as vice president and head of capital raising with Warburg Pincus-backed rental housing platform VLinker in Shanghai.
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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