China’s long-running anti-corruption campaign leads today’s look at personnel moves from around Asia’s real estate industry with the former head of top investor China Life having been booted from the Communist Party for alleged crimes and rule violations. Also making the list, Hong Kong-listed Grand Ming loses its chief financial officer and Dalian Wanda’s hotel division sees its chairman resign.
Former China Life Party secretary and president Liu Anlin has been expelled from the Communist Party of China for violations of Party rules and laws, according to a statement by the Party’s Central Commission for Discipline Inspection and the National Commission of Supervision. The disciplinary unit said that Liu had lost his ideals and convictions, betrayed his mission, exhibited weak political consciousness, failed to implement major decisions and deployments of the Party Central Committee and incurred significant losses through illegal operations among other charges, including embezzlement and bribery.
Hong Kong-listed Grand Ming Holdings informed the stock exchange on 17 October that Kwan Wing Wo (pictured) has tendered his resignation as executive director and chief financial officer of the company with effect from the following day. Kwan is said to have resigned for health reasons with the company having brought on board Tang Sai Cheong to take up the chief financial officer role from 2 October.
Wanda Hotel Development announced to the Hong Kong stock exchange on 16 October that its chairman and executive director, Ning Qifeng, has resigned from his roles with the company due to a change in his work arrangements following disposal of a subsidiary. Executive director Liu Yingwui also resigned for the same reason. With Ning’s departure, the unit of Dalian Wanda Group has redesignated non-executive director Zhang Chunyuan (pictured) to an executive role with the long-time Wanda leader taking over the chairman slot.
PGIM managing director Sun Hao has relocated to Hong Kong from Shanghai, where he heads business development and sales for the third party capital management division of Prudential Group. A six-year company veteran, the Peking University graduate made the shift to Shanghai this month after previously serving as managing director with PGIM’s investor relations group from the company’s office in Shanghai, according to his LinkedIn profile.
The manager of Singapore-listed Parkway LIfe REIT informed the stock exchange on 17 October that the company has named Kwok Seat Moey (pictured) to an executive director position on its board with effect from 20 October. Now 66, the former DBS Group executive joins the board as Ho Kian Guan retires due to the nine-year limit on non-executive director appointments, with Ho also giving up the chairman role with the manager.
Taranjot Gulati has joined DivyaSree Developers as chief executive officer for asset management with the Bangalore-based builder, according to a LinkedIn update. Gulati joins the special economic zone specialist after less than half of a year with Paras Buildtech India, after previously spending more than five years at property consultancy CBRE in Singapore. At CBRE Gulati served most recently as head of client solutions for the company’s smart building solutions unit.
Cushman & Wakefield said on 16 October that it has appointed Conal Newland (pictured) as head of living for Asia Pacific, with the international director heading up the property consultancy’s services to clients in the living sector across Australia, New Zealand, Japan, South Korea and Hong Kong. In the same announcement, C&W said that it has hired Josh Rose-Nokes as director for living research in Asia Pacific.
Crystal Chow has joined BlackRock in Hong Kong as vice president for corporate communications in Asia Pacific, according to a LinkedIn update. Chow took on her new role with the asset management giant recently after just over a year with FWD Insurance in Hong Kong, where she had worked as senior manager for group corporate communications. The University of Hong Kong graduate also has experience with communications consultancies FGS Global and Finsbury Glover Hering.
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