Asia Real Estate People in the News 2024-07-01

New leadership at a Singapore-listed REIT leads this week’s review of personnel moves from around Asia, as Frasers Centrepoint Trust names a new CFO. Also, major mainland commercial developer has appointed a new chairman and PGIM makes the list with a new business development executive in Sydney.

Frasers Centrepoint Trust announced on 27 June that Annie Khung Shyang Lee has been appointed as chief financial officer of its manager with effect from 9 August. Khung will be replacing Audrey Tan who is stepping down on 8 August. Khung has served as financial controller and head of finance for the manager of Frasers Logistics and Commercial Trust since 2017 and has been with the group since 2016, after previously serving with Far East Hospitality Trust.

Mainland commercial developer Joy City Property informed the Hong Kong stock exchange on 28 June that it has appointed Yao Changlin (pictured) as chairman, replacing Chen Lang, who is transitioning to a non-executive director role. A long-time executive of Joy City’s state-run parent organisation, COFCO, Yao is already an executive director of the developer with the chairman transition forming part of a larger make-over of the board.

PGIM’s private alternatives division has hired Daniel Greyling as vice president of business development for APAC, according to an announcement by the company. Based in Sydney, Greyling reports to PGIM Private Alternatives’ APAC business development head, Eduard Wehry and is focused on the Australia and Southeast Asia markets. Greyling joins PGIM from MLC Asset Management in Sydney.

Zhongliang Holdings chief financial officer Albert Yau announced on LinkedIn this past week that, after 18 years in senior finance positions with Hong Kong-listed companies, he is stepping down from full time CFO roles. Having spent more than five years with Zhongliang, Yau also has previous experience with CIFI Group, Wisdom Education International Holdings and Lai Sun Group.

JD Logistics, the warehouse division of mainland e-commerce giant JD.com, announced to the Hong Kong stock exchange on 28 June that it has appointed Dr Lin Ye as an independent, non-executive director on its board with effect from that same day. A doctor of law, Ye is a professor at Beijing’s Renmin University and replaces Liming Wang who resigned from the board that same day.

Joelle Chen, head of sustainability for Lendlease Asia, has left the builder and fund manager after three and a half years, according to a LinkedIn update on Saturday. The former head of sustainable smart cities for the Singapore Economic Development Board is reported to be joining LaSalle Investment Management in the city-state as the company’s head of sustainability for Asia Pacific.

JLL announced on 28 June that it has appointed Keehoon Lee as head of capital markets for Korea, with immediate effect. Based in Seoul, Lee is expected to work closely with JLL’s country head for Korea, after having first joined the property consultancy’s capital markets team there in 2017. Over the past three years, Lee has been involved in transactions totaling KRW 9.3 trillion ($7.2 billion) after previously working with MDM Asset Management and Savills.

Cushman & Wakefield said on 27 June that it has appointed Saeka Kuno as head of sustainability for Japan. The graduate of Hokkaido University and University College London previously worked as a sustainability consultant for energy and sustainability consultancy Longevity Partners and has also served as a council member of the Global Environment Fund (GEF) for Japan’s Ministry of Foreign Affairs.

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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