People: Lawrence Wong Promoted at GIC – Mingtiandi in Singapore

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New management at some of Singapore’s sovereign wealth funds is leading a move of real estate players from across Asia this week, and APG executives are also leaving Hong Kong for Lion City. Also on the list are changes to the board of directors at a Hong Kong listed property manager and a new boss at a Malaysian retail REIT.

Lawrence Wong SingaporeDeputy Prime Minister of Singapore Lawrence Wong was appointed chairman of GIC’s The sovereign fund announced last week that the investment strategy committee will begin on July 7. Wong, who is viewed by many as the city-state’s next prime minister, succeeds Talman Shanmugaratnam, who also stepped down as GIC vice-president. Wong is also Minister of Finance and has been on the GIC’s board since November 2018.

Roberto Versace APGAPGMore managing director Roberto Versace He has resigned from his position as Head of Asia Pacific Listed Real Estate at the Dutch Pension Fund to spend more time with his family, who have moved to Singapore from Hong Kong. Versace has been with APG since 2017, and is also the chairman of the Hong Kong chapter of APREA, an industry non-profit organization. A 20-year veteran in the industry, he has yet to announce his next steps after spending more than six years in Hong Kong.

Shinro HayashiZhenro Service It was announced on the Hong Kong Stock Exchange on July 2. Lin Xiaotong He (pictured) will step down from his position as chief executive of the property management division of mainland developer Zenro Properties and will also step down from the company’s board of directors. Executive Director He Kang Hon also joins Zhenro Services’ board of directors. The company will appoint Wang Wei and Deng Li as managing directors, with Deng also as CEO.

Clement Chen Kok Peng SunwayKuala Lumpur Listing Sunway REIT Promoted Clement Chen Kokpen According to an announcement to the stock exchange, he was promoted from deputy CEO to chief executive officer on July 1. Mr. Chen, now 40, has worked for REIT sponsor Sunway Group since 2004 when he joined as a finance trainee, succeeding Jeffrey Ng Tiong Lip, who retired on June 30. there is

David Kim PAGPAG Partner and Chief Operating Officer David Kim The head of the company’s private equity division has left the company after more than 13 years, according to a LinkedIn announcement. In addition to his experience at Asia’s private equity giant, Kim, who will be leaving Hong Kong, spent 15 years at Lehman Brothers and less than a year at Nomura in Japan, a financial hub in Asia.

Darren WeeDarren Wee Promoted to Managing Director with OCBC Property Service According to an update on LinkedIn, he stepped up to vice president after just one year in Singapore. Before joining OCBC’s division last year, Mr. Wee worked for the city-state’s JLL for more than 12 years, serving as Executive Director and Head of Project and Development Services in Singapore from 2015 to 2022.

Hamlet CEO Giselle MakalachviliGiselle MakarachiviliCEO of co-living management company HamletA LinkedIn update says the company left the company a year after announcing a merger with European player Habyt. Makarachivili has led the Singapore-based rental accommodation provider since 2021, when he took over from founder Yoan Kamarski. Makarachivili, who has been with Hamlet since 2020, said he was taking a break from his career to spend more time with his family.

Kevin Ding LaSalleKevin Ding Promoted to Vice President of Acquisitions and Asset Management for LaSalle Investment Management In Shanghai, according to a LinkedIn update. The logistics specialist has been with the company since 2019, after two years as manager in JLL’s real estate funds management division. A graduate of York University, he also has experience with CapitaLand and his Lendlease.

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If you know of other Asian real estate professionals changing jobs, getting promoted, or doing something exciting, please contact us here at Mingtiandi.

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