Asia Real Estate People in the News 2019-04-01

In this week’s edition of People in the News, Lippo boss Stephen Riady has been made a trustee of non-profit Asia Society, while a long-time banking executive has joined the Shenzhen company once notorious for a failed corporate raid on China Vanke. Elsewhere, Shanghai private equity firm Bulls Fund now has a new vice president, and there were more moves in the world of asset management and the workplace solutions space.

Stephen Riady, third son of Lippo Group founder Mochtar Riady, and chairman of the Indonesian conglomerate, followed in his father’s footsteps on Friday when he was elected as trustee of the Asia Society, the New York-based non-profit organisation set up to educate the West about the East. Riady’s 89-year-old father served on the board of trustees from 1997 to 2005 and was a global council member from 1989 to 1997. In his day job, Dr Riady is Executive Chairman of Lippo-controlled Singapore real estate developer OUE and Chairman and Executive President of Hong Kong-listed company Lippo.

Baoneng Group announced last Thursday that former Shanghai Rural Commercial Bank party secretary and chairman Ji Guangheng had joined the property and financial services conglomerate as Vice Chairman and Co-president. Heng joins the firm made famous by its failed attempt at a hostile takeover of China Vanke after working his way up through the ranks to president of the Beijing branch of the Industrial and Commercial Bank of China, before later serving with Shanghai Pudong Development Bank, before joining the Shanghai Rural Commercial Bank in November 2015 as party secretary and chairman. Baoneng is controlled by Chinese tycoon Yao Zhenhua.

Hsiang-Yun Chu stepped up to Vice President and Managing Director of Shanghai-based asset manager Bulls Fund last month. Before having Vice President added to his existing title of Managing Director at the Shanghai private equity firm, Chu had built more than 25 years of real estate experience in Greater China, including serving as Partner and General Manager at Urban Retail Properties, and Vice President and General Manager at Luen Mei Group, before joining Bulls Fund in 2018. After graduating with a Bachelor of Civil Engineering from the National Taipei Institute of Technology, Chu worked as a field engineer in the Engineering Corps of the Chinese Air Force before going to study abroad in Missouri where he gained an Masters of Science in Civil Engineering.

Joy Shi of Chinese real estate asset management firm CCH Asset has moved away from Shanghai to take on a new role as Manager with the company’s Asset Management department in Guangzhou. Shi takes on her new spot as a step up from her previous position in CCH’s Asset Management, Retail Leasing and Marketing team. The graduate of the Singapore Institute of Commerce was formerly a Manager at Savills Shanghai before moving on to JLL as a Senior Manager in 2010, and joining CCH in 2014. CCH, which has been providing real estate investment management since 2005, invests in China’s tier-one cities, focusing on suburban shopping malls.

Workplace strategy, design and furniture specialist Natalia Pokorska has bagged a new job at Dutch workplace solutions provider Haworth as Global Account Manager for Asia-Pacific. She has been working out of Haworth’s Shanghai office since March, after leaving Spanish office furniture manufacturer Actiu where she was Director of Greater China from 2016. Pokorska earned her Bachelor’s degree in International Relations and Affairs from the University of Warsaw in 2007. Previously she was Associate Director at design, engineering and construction firm PLUSspace International, and Shanghai Business Development Head of office space solutions firm edg (China) Corporation.