A senior level move at Kerry Properties leads this week’s collection of personnel moves from around the region as the Hong Kong-listed developer bids goodbye to its deputy CEO. Also making the list is a CEO departure at a Malaysian REIT and a new board role for Macquarie Asset Management’s head of APAC real estate.
Kerry Properties announced to the Hong Kong stock exchange on 14 June that Dennis Au Hing Lun has resigned as deputy chief executive officer, and as an executive director of the company, with effect from 31 July. Au, who has served on the Hong Kong developer’s board since May 2022, is said to be pursuing other interests. Prior to joining Kerry, Au had served stints with Computime Group, Vanke Overseas and Wing Tai Properties.
Hektar Real Estate Investment Trust notified the Kuala Lumpur stock exchange on 11 June that its chief executive officer, Johari Shukri Bin Jamil, has stepped down to pursue other interests. Johari’s departure took effect that same day after he had been chief executive since June 2022. Hektar says it has already started the process of identifying a new chief executive and that Zulazman Zulkifli is now acting as interim non-executive chairman.
James Kemp has joined the board of Melbourne-based build-to-rent startup Local:Residential as a non-executive director, according to a LinkedIn update. Kemp serves as head of real estate for Asia Pacific for Macquarie Asset Management, with Local:Residential among Macquarie’s portfolio companies. Kemp also serves on the board of industrial specialist Unified Industrial, as well as for residential developer Winton.
Ronshine Service Holding announced to the Hong Kong stock exchange on 10 June that Ye Azhong has resigned as an independent, non-executive director on its board with effect from that same day. With Ronshine Service’s parent company, Ronshine China Holding having defaulted on a $700 million offshore bond in October 2022, its property management unit has now fallen into non-compliance with the Hong Kong exchange’s requirement regarding the minimum number of independent, non-executive directors, following Ye’s departure.
Connie Lee has joined Empire Group Holdings in Hong Kong as a director with the company’s asset management team, according to a LinkedIn update. Lee joined the developer this past month after serving more than three years as head of property with Yau Shing Land Investment Company in Hong Kong, and she also has experience with Emperor International Holdings and Maxim’s Caterers.
Central China Real Estate announced to the Hong Kong bourse on 14 June that Wallis Wu Li Hua has resigned as a non-executive director of the company with immediate effect. In a separate announcement, the company’s property management subsidiary, Central China Management, said that Wu had also stepped down from a non-executive director position on its board. Wallis Wu is the daughter of Central China’s chairman, non-executive director and controlling shareholder, Wu Po Sum.
Xing Xiaodong has been promoted at Pfizer in Beijing to global workplace experience lead for Greater China, Japan and Australia-New Zealand, according to a LinkedIn update. Xing takes on his new role after more than four years as director for global workplace experience for Greater China at Pfizer. He also has previous experience with property consultancies JLL and CBRE as well as with Novartis.
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.