Top-level turnover at mainland developers leads Mingtiandi’s roundup of personnel movements from around Asia again this week, as Zhenro Group becomes the latest defaulting builder to see its chairman step aside and Longfor Group names a new board member. Also making the list are executive updates from M&G Real Estate, Chinachem Group and more.
Defaulting mainland developer Zhenro Group has reshuffled its board, including naming a new chairman and chief executive officer, according to local media reports this past weeks. Citing records on China’s Qichacha information platform seen on 24 November, Guandian reported that Zhenro chairman Ou Zongrong (pictured) has resigned and is no longer a member of the board. Huang Xianzhi resigned as chief executive to take on the chairman role and executive director Li Yang was promoted to CEO.
Longfor Group Holdings announced on 25 November that it has appointed Leong Chong (梁翔) as an independent, non-executive director on it board with effect from 1 January 2023. Now 56, Leong replaces Zeng Ming, who is stepping down from the same date. Formerly a managing director with the investment banking division of Morgan Stanley in Hong Kong, Leong has also previously served as an independent, non-executive director of HKEX-listed SF REIT.
M&G Real Estate said on 25 November that it has named Laura Jockers as its global head of ESG, where she will lead an enlarged team as the asset manager shifts from focusing on responsible property investment to a broader ESG focus. Based in the UK, Jockers will report to M&G real estate head of investment strategy and research Jose Pellicer and joins the company from the Howard de Walden Estate, where she served as head of sustainability.
Marcus Tang has joined Chinachem Group in Hong Kong as a deputy general manager with the real estate investment team, according to a LinkedIn update. Tang signed up with the privately held Hong Kong developer after just under a year as a senior manager with the corporate finance team at Hongkong Land, and also has previous experience with Nan Fung Group, Heitman and JLL in the city.
Deutsche Bank said on 22 November that it has appointed Esther Wong as managing director and group head of a wealth management team for Southeast Asia. Based in Singapore, Wong takes on her new role with the German financial giant in January, where she will report to Anurag Mahesh, vice chairman and head of international private bank for Southeast Asia, as part of the IPB team for the region.
Schroders said on 24 November that it has expanded its Asia fixed income team with the appointment of credit specialist Swa Wu. Based in Hong Kong, Wu is now an investment director with the company, taking on a newly created role after more than a decade at JP Morgan, where she served as a senior fixed income investment specialist. Wu is expected to work with Schroders’ international distribution network to deliver both global and Asian credit investment strategies.
Catherine Shao has been promoted to manager with the regional transaction management team at JLL in China, and has relocated from Beijing to Shenzhen, according to a LinkedIn update. Shao took on her new role last month after more than five years as an assistant manager with the same division in Beijing. She also has previous experience with Savills and CBRE in both Beijing and Shanghai.
Sasi Aussavaratchatanakin has joined Edge Centres in Bangkok as country representative for Thailand, according to a LinkedIn update. Aussavaratchatanakin joins the Brisbane-based data centre operator from news and conference provider W Media in the city, where she had served for less than half of a year as a senior community specialist manager. She also has previous experience in the logistics industry, since graduating from Stamford International University in Bangkok in 2019.
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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