S&P Global Market Intelligence presents a weekly rundown of recent significant management and board changes and personnel moves in the Asia-Pacific real estate industry. The moves are listed by sector and by announcement date in reverse chronological order. The Europe and North America Hires and Fires columns will be published Wednesday and Thursday, respectively.
Malaysia
* Sarinder Kumari was named independent nonexecutive director of Sunway Construction Group Bhd., effective March 1.
* Datin Teh Ija Binti Mohd Jalil took on the role of independent nonexecutive at UEM Sunrise Bhd., effective March 1.
The diversified real estate developer also said COO Raymond Cheah Ho Chee left the company Feb. 28 after his employment contract expired.
* Selangor Properties Bhd. added Stephen Scudamore to its board as independent nonexecutive director March 1.
* On March 1, former KIP REIT CFO Chan Heng Wah became the retail trust's CEO, with Chin Suan Yong taking over the CFO role that the new CEO vacated.
China
* Country Garden Holdings Co. Ltd. executive director Xie Shutai and nonexecutive director Mei Wenjue left the company March 2. Xie departed due to personal health reasons, while Mei resigned because of other work commitments.
* Effective Feb. 28, Zhenro Properties Group Ltd. CEO Lin Zhaoyang began sharing the top post with Wang Benlong, following the latter's promotion to co-CEO from vice president.
Japan
* Yoshiyuki Tanabe was appointed director, president and CEO of Nippon Building Fund Inc.'s manager, Nippon Building Fund Management Ltd., effective April 1. Tanabe, the general manager of Mitsui Fudosan Co. Ltd.'s affiliated business department, will succeed Kenichi Tanaka, who is set to retire and give up his president and CEO roles March 31.
* Takero Torigoe resigned Feb. 28 as chief investment officer of GLP Japan Advisors Inc., GLP J-REIT's asset manager. Chie Kawase took over the role March 1 and also became head of the investment department.
* LaSalle LOGIPORT REIT's manager said Yasuo Nakashima resigned March 1 as part-time director, with Keith Takashi Fujii appointed as replacement.
Hong Kong
* Lui Man Shing was named to Shangri-La Asia Ltd.'s executive committee, effective March 1.
* HKR International Ltd. independent nonexecutive director Henry Fan Hung-ling was named to serve in the same position at Sun Hung Kai Properties Ltd.'s board, effective March 1.
Thailand
* Singha Estate Pcl CFO Methee Vinichbutr stepped down March 1 and also gave up his seat on the executive committee. CEO Naris Cheyklin has been appointed to act as CFO for the interim.
