Board Reshuffle at Singapore Data Centre REIT: Key Personnel Changes in Asia’s Real Estate Industry

Digital Core REIT, a Singapore-listed data centre REIT, has announced a board reshuffle, bringing in a new chairman and CFO. David Lucey, previously a non-executive director, has taken over as chairman from Jeff Tapley. Tapley will now serve as the chief commercial officer at Digital Realty, the REIT’s sponsor. Additionally, Dave Craft, vice president for acquisitions with Digital Realty, will assume the role of CFO, replacing Daniel Tith. Serene Nah, managing director and head of Asia Pacific for Digital Realty, will join Digital Core REIT’s board as a non-executive director. These changes aim to strengthen the company’s leadership and governance.

In other news, Sun Hung Kai Properties announced that Wu Xiang-dong, an independent non-executive director, will not seek re-election. Wu joined the Hong Kong developer’s board in 2019 and was seen as a move to improve relations with mainland China’s state-owned sector. This retirement marks a shift in the company’s board composition, potentially impacting its future strategies and partnerships.

Alibaba Group is continuing to restructure its top ranks, with former CEO and chairman Daniel Zhang set to depart the company entirely. Zhang was redesignated as the head of Alibaba’s cloud services division in June but will now completely leave the company. This change reflects Alibaba’s ongoing efforts to adapt to the evolving technology landscape and optimize its operations.

Smart parking specialist HyperPark Ltd has appointed Max Tang as its chief commercial officer. Tang brings years of experience from Sino-Ocean Group, KaiLong Real Estate, and Goodman Group. His expertise will contribute to HyperPark’s growth and expansion plans in the dynamic Chinese market.

Kuok Group has hired Komi Rajdev as the general manager for group sustainability. With her previous experience at Moody’s Investors Service, Rajdev will play a crucial role in enhancing Kuok Group’s sustainability initiatives. The family-owned conglomerate, associated with Kerry Properties and Shangri-La Hotels, is committed to addressing environmental, social, and governance (ESG) concerns.

JLL has named Farazia Basarah as the country head for Indonesia, replacing James Allan. Basarah, who has been with JLL for 12 years, will bring her expertise in logistics and industrial real estate to lead the company’s operations in Indonesia. This appointment demonstrates JLL’s commitment to expanding its presence in the Indonesian market.

Ruben Koh has been appointed as co-head of international residential sales at Savills Singapore. This new hire follows the recent addition of Adrian Lim as head of the International Residential Services (IRS) team. Koh’s partnership with Lim will strengthen Savills’ residential sales division, leveraging their previous experience working together at Colliers.

Pavillon Holdings, a Singapore-listed company, has announced the retirement of its chief operating officer, Kok Nyong Patt. In his place, Bai Yun, previously the chief people officer and human resources director of the company’s New Development hospitality business, has been appointed as an executive director on the board. This transition marks a change in leadership within the company and signals a potential shift in strategy.

These personnel changes reflect the dynamic nature of Asia’s real estate industry, with companies constantly adjusting their leadership teams to stay competitive and adapt to market demands.

Definitions:
– REIT: Real Estate Investment Trust is a company that owns, operates, or finances income-generating real estate.
– CFO: Chief Financial Officer is a senior executive responsible for managing a company’s financial operations.
– ESG: Environmental, Social, and Governance refers to the three central factors used to measure the sustainability and ethical impact of an investment in a company or business.
– CEO: Chief Executive Officer is the highest-ranking executive responsible for the overall success of a company.

Sources:
– Source article: Mingtiandi [No URL Provided]
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