A new boss at one of the region’s biggest investors will this week lead a review of personnel changes across Asia’s real estate industry, as South Korea’s KIC updates its organizational chart. Also on the list are the new chairman of China Life and the retiring chairman of a Singapore REIT.
Korea Investment Corporation announced Thursday that it has appointed Park Il-young as its new president. Park joined the Korean sovereign wealth fund after serving as a managing director at the World Bank Group. A veteran of monetary policy, he also worked at South Korea’s Ministry of Economy and Finance from 2017 to 2022, and previously served as a senior advisor to the director general of the International Monetary Fund (IMF).
China Life Insurance Co., Ltd. announced on September 30 that Mr. Li Mingguang has been appointed chairman of the mainland insurance company, effective the same day. Mr. Li, who is already the company’s executive officer and president, will replace Mr. Bai Tao as chairman, while China Life said in the same announcement that party secretary Cai Xiliang has also been appointed to the position of executive officer of the board. Announced. .
The manager of Frasers Logistics and Commercial Trust announced on September 27 that Mr Henry Ho Hong Chong will step down from his role as non-executive independent director on the Singapore-listed REIT board. With his departure, Ho, now 70, will also step down as chairman of the board as the nine-year term limit for leadership members approaches.
Alan Tan has been appointed as Managing Director and Head of Fundraising and Managing Director of Special Projects at CapitaLand Investment Limited in Singapore, according to an update on LinkedIn. Mr Tan’s new role comes after the INSEAD and Nanyang Technological University graduate spent more than a year as head of strategic partnerships with CapitaLand Development. Mr. Tan also previously worked at Morgan Stanley in Singapore.
Wang On Properties announced on September 30th to the Hong Kong Stock Exchange that Mr. Max Yiu Chi Man has been appointed as Managing Director of the Development Company’s Board of Directors, effective October 1st. Yu, now 54, joined One On as chief financial officer in January this year, after previously holding a parallel role with mainland Chinese developer Golden Wheel Tiandi Holdings.
According to the latest information on LinkedIn, Eric Liang joined Hong Kong’s Link REIT as a director this month. Mr Liang, who signed Asia’s largest real estate investment trust in less than two years with America’s Empire State Realty Trust, will report directly to group chief investment officer John Saunders and will work as the organization builds its fund management business. He will be responsible for investment and portfolio strategy. .
Ashish Singh will step down as head of real estate for India and Southeast Asia at fund manager Actis, according to Indian media reports. Singh, who is also a partner at a British private equity firm, is said to remain at Actis until the end of 2025 after first joining Actis in 2018. Prior to joining Actis, Mr. Singh spent nearly 10 years at Standard Chartered in Mumbai and also has previous experience with Tishman Speyer.
Colliers announced on October 1 that it has appointed Nicholas Menville as Executive Director and Head of Industrial Customers based in Singapore. Mr Menville, who reports to Singapore managing director Bastien van Beisterveld, started his new role this month after nearly four years as managing director at Lion City real estate agency Omega RE. I’ll get a job. He also previously worked for Bouygues Immobilier in France.
If you know of other Asian real estate professionals who are changing jobs, getting promoted, or doing something exciting, please contact us here at Mingtiandi.
