Asia Real Estate People in the News 2024-04-01

Asia Real Estate People in the News 2024-04-01

The first quarter has come to a close and a number of Hong Kong-based real estate and investment companies have named new leadership to guide them through the final nine months of 2024 with Mingtiandi rounding up senior personnel moves at Li Ka-shing’s CK Asset Holdings, JP Morgan, Sino Land and other top players.

Edmond Ip CKCK Asset Holdings announced to the Hong Kong stock exchange on 28 March that it has promoted Edmond Ip Tak Chuen from deputy managing director to deputy chairman with effect from 1 April. Now 71, Ip joined CK Group in 1993 and has been a director and member of the executive committee of CK Asset since 2015. He also serves as deputy managing director of CK Hutchison, executive director and deputy chairman of CK Infrastructure Holdings, as well as holding the titles of senior vice president and chief investment officer with CK Life Sciences Holdings.

Rita Chan of JP MorganJP Morgan has promoted Rita Chan (pictured) and Alan Ho as co-senior country officers for China, according to a Reuters report on Friday citing an internal memo. The two executives take on their new roles from 1 April as China chief executive officer Mark Leung retires. Chan had joined JP Morgan from Goldman Sachs in 2020 as head of real estate investment banking for Asia Pacific before also taking charge of the company’s consumer and retail investment banking for the region.

Thomas TangThomas Tang Wing Yung is set to retire as executive director and group chief financial officer of Sino Land from 1 April, according to an announcement by the developer to the Hong Kong exchange on 28 March. On the same day, Sino Land’s Sino Hotels unit said that Tang would retire from his executive director and group CFO roles with the hospitality management firm also from 1 April. Now 68, Tang has been a director of Sino Land from 2005 and of Sino Hotels since 2004.

Jamie Khoo GDSGDS Holdings Ltd announced to the Hong Kong exchange on 26 March that it has appointed Jamie Khoo as chief executive of DigitalLand Holdings Ltd, also known as GDS International following the closing of a capital raise for the data center operator’s overseas business. The announcement came on the same day that GDS said that it had raised $587 million in capital from Hillhouse and its real assets arm Rava Partners, as well as Boyu, Princeville Capital and Tekne Capital to expand DigitalLand. Khoo has served as chief operating officer of GDS since 2019 and previously served in executive roles with its shareholder, ST Telemedia.

LoBue-Lindsay carlyleUS private equity giant Carlyle said on 27 March that it has named Lindsay LoBue chief operating officer from 1 July. The announcement comes after LoBue joined Carlyle in New York during October of last year as deputy chief operating officer after more than 21 years at Goldman Sachs. LoBue will take over from current COO Chris Finn who will be staying with the company through 30 June.

Kate Richdale KKRKKR has redesignated Kate Richdale to a new role focused on raising capital from institutional clients and family offices in Asia Pacific, according to a LinkedIn update. Richdale joined the private equity firm in Hong Kong as a partner in charge of strategy and business development in 2019 and had served as APAC chief operating officer and head of strategy with the company’s core private equity strategy, according to a LinkedIn update.

Wang On Properties informed the Hong Kong bourse on 28 March that Wong Chin Han has resigned from her role as an executive director with the developer with effect from 1 April. Now 51, Wong has been a director of Wang On since 2019 and has served as financial controller and company secretary. Wong also has served as an authorised representative, member of the ESG committee and of the executive committee.

Hopson Development Holdings Ltd said in an HKEX announcement on 27 March that it has appointed Luo Taibin as chief financial officer and executive director of the company with effect from that day. Luo, who will also serve as authorised representative, replaces Xie Baoxin (pictured) who resigned from the mainland developer with effect from the same day after serving with the company since 2013.

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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