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Sabana REIT manager COO in acting CEO role; Cromwell adds new executive position

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Sabana REIT manager COO in acting CEO role; Cromwell adds new executive position

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.

Singapore

* Aw Wei Been, COO and the head of asset management at Sabana Shari'ah Compliant Industrial REIT's manager, was appointed as acting CEO of the manager, as Kevin Xayaraj is set to vacate his CEO and executive director roles Dec. 31. Aw will take on the position Jan. 1, 2018, as the search for a permanent CEO is ongoing.

Australia

* Cromwell Property Group is adding Simon Garing to its executive management team to fill up the newly created chief capital officer position. Garing has over 25 years of experience in global real estate and he previously served as deputy director of research - Asia Pacific at Bank of America Merrill Lynch Hong Kong.