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Asia Real Estate People in the News 2023-08-21

Asia Real Estate People in the News 2023-08-21

Top level changes at a pair of Hong Kong-listed real estate companies top this week’s roundup of personnel moves from around Asia Pacific, with a REIT of mainland logistics properties naming a new chairman and a local developer saying farewell to a long-time director. Also in the news are moves at a regional data centre operator and a major real estate consultancy.

SF REIT said in a statement to the Hong Kong stock exchange on 17 August that it has appointed Alex Ho Chit, who has been serving serving as a non-executive director of the REIT manager’s board since April as last year, as its chairman. Ho replaces Wang Wei from 18 August, with Wang having stepped down with no reported disagreement with the board.

CSI Properties said on 11 August that Jimmy Fong Man Bun has decided to step down from his role as an executive director with the company after nearly a decade on the board of the Hong Kong-listed developer and investment manager. Now 58, Fong is said to have no disagreement with the board, and his name is being withdrawn from the list of director candidates previously submitted for consideration at CSI’s upcoming annual general meeting.

BDx Data Centers announced this month that it has appointed Manish Prakash as president and chief business officer, where he will look after growth strategy alongside CEO Mayank Srivastava. Prakash joins the Asia data centre operator after serving as a managing director with Microsoft’s regulated industries division, and also previously served as a senior vice president and head of the global enterprise division with Norwegian telecom operator Telenor.

Colliers announced this past week that it has appointed Badal Yagnik as its new chief executive officer for India with effect from 17 August. Yagnik joins Colliers after more than six years at rival Cushman & Wakefield in India’s national capital region, where he served as a managing director. The industry veteran also spent a decade with JLL in India. Yagnik replaces Ramesh Nair, who resigned in March of this year.

South Korea’s KCGI Asset Management, which was known as Meritz Asset Management until earlier this month, said on 11 August that it has hired Cho Won-bok as its chief marketing officer. Before joining KCGI, Cho had served as head of the stock management team with Tong Yang Securities’ asset management division and also with Kore Investment & Securities’ employment insurance fund management unit.

Puranae Jang has joined CPP Investments in Hong Kong as a manager with the Canadian pension fund manager, according to a LinkedIn update. Jang started work at CPPIB this month after spending one year as a senior associate with Goodman in Hong Kong, and the Hong Kong Polytechnic University graduate also spent seven years with Colliers in the city and has experience with hotel consulting firm HVS.

Andrew Dolan has shifted to Tokyo from Seoul for a new role with JLL, picking up his name cards this month as a director with the consultancy’s capital markets team, according to a LinkedIn update. Dolan takes on his new position after nearly seven years helping to lead the valuations team for JLL in Seoul, with that term straddling a year spent at industrial specialist Logos in Korea as senior business development manager in 2021 and 2022.

Iris Wong has been promoted to assistant general manager at Swire Properties’ Cityplaza project in Quarry Bay, according to a LinkedIn update. Wong took a step up this month after spending more than three years as a senior portfolio manager at Swire’s Pacific Place complex in Admiralty with the University of Warwick graduate now having spent more than 13 years with the Hong Kong-listed developer.

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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