Hongkong Land Hldgs Ltd Directorate Change (1375U)
21 Novembro 2023 - 6:22AM
UK Regulatory
TIDMHKLD
RNS Number : 1375U
Hongkong Land Hldgs Ltd
21 November 2023
Announcement
The following announcement was issued today to a Regulatory
Information Service approved by the Financial Conduct Authority in
the United Kingdom.
HONGKONG LAND ANNOUNCES NEW LEADERSHIP APPOINTMENT WITH MICHAEL
SMITH TO SUCCEED ROBERT WONG AS CHIEF EXECUTIVE
21st November 2023 - Michael Smith has been appointed Chief
Executive of Hongkong Land Holdings Limited with effect from 1st
April 2024. He will succeed Robert Wong who has been the Chief
Executive of Hongkong Land since 2016.
Michael is currently the Regional Chief Executive Officer of
Europe and the US at Mapletree Investments, a global real estate
development, investment, capital and property management company
with over US$55 billion of assets under management, headquartered
in Singapore.
During his nearly seven years at Mapletree, Michael has been
responsible for growing the group's new and existing businesses in
Europe and the US, and accountable for overall operating
performance. Under Michael's leadership, the Europe and US
portfolio has grown to account for over a third of the group's
assets under management, across diversified asset classes including
logistics, data centres, business parks and student housing. In
addition to building scale, Michael has been responsible for
monetising assets into public and private vehicles, while leading a
large team of professionals across multiple jurisdictions.
Prior to joining Mapletree, Michael was a Partner at Goldman
Sachs, and led the bank's Southeast Asia investment banking, as
well as Asia Pacific (ex-Japan) real estate businesses. Altogether,
Michael brings 30 years of real estate, capital markets and
investment banking experience.
Ben Keswick, Chairman of Hongkong Land Holdings Limited, said,
"I am delighted to welcome Michael to Hongkong Land. Michael brings
a proven track record in real estate investment and capital
allocation. He has grown organisations by being an inspirational
and caring people leader. Building on Hongkong Land's pre-eminent
capabilities, reputation and portfolio, I have every confidence
Michael will evolve our business - ensuring we continue to invest,
manage and develop prime commercial, retail and mixed-use assets,
while at the same time, positioning the Group for long-term
sustainable growth in China and other key Asian markets."
"I would like to thank Robert for his over 38 years of
outstanding service to Hongkong Land. Robert has been instrumental
to the development and execution of Hongkong Land's mainland China
strategy since the early 1990s. As Chief Executive for the past
seven years, Robert has enhanced the Group's Central portfolio in
Hong Kong ensuring it remains the pre-eminent office, luxury
retail, restaurant, and hotel accommodation destination in the
heart of the city. He has also continued the Group's strategic
focus to develop, grow and hold prime commercial and luxury retail
properties, including the US$3.3 billion mixed-use investment in
West Bund, Shanghai which is currently under development. Our
strategic investments in mainland China will be integral to
Hongkong Land's next phase of growth and value creation. Finally,
Robert has led the charge to embed sustainability into the way in
which we operate and make decisions at Hongkong Land."
Robert will retire from his role as Chief Executive on 31st
March 2024. Robert will continue as a senior advisor to ensure a
smooth leadership transition. Michael will relocate to Hong Kong
with his wife and children.
Michael Smith has held a directorship in the following listed
company in the past five years:
Mapletree Industrial Trust Management Non-Executive 15th December 2019
Ltd., as Manager of the Mapletree Director to date
Industrial Trust
No further information is required to be disclosed in respect of
Michael Smith's appointment pursuant to 9.6.13R of the Listing
Rules of the UK Listing Authority.
Hongkong Land is a major listed property investment, management
and development group. The Group owns and manages more than 850,000
sq. m. of prime office and luxury retail assets in key Asian
cities, principally Hong Kong, Singapore, Beijing and Jakarta. Its
properties hold industry leading green building certifications and
attract the world's foremost companies and luxury brands. The Group
also has a number of high-quality residential, commercial and
mixed-use projects under development in cities across China and
Southeast Asia, including a 43% interest in a 1.1 million sq. m.
mixed-use project in West Bund, Shanghai. Its subsidiary, MCL Land,
is a well-established residential developer in Singapore.
Hongkong Land Holdings Limited is incorporated in Bermuda and
has a primary listing in the standard segment of the London Stock
Exchange, with secondary listings in Bermuda and Singapore. The
Group's assets and investments are managed from Hong Kong by
Hongkong Land Limited. Hongkong Land is a member of the Jardine
Matheson Group.
- end -
For Media enquiries :
Hongkong Land
Jennifer Lam (852) 2842 8222 / jennifer.lam@hkland.com
Louise Corbett (852) 2842 8541 / louise.corbett@hkland.com
Ada Suen (852) 2842 8262 / ada.suen@hkland
.com
Br unswick Group Limited
William Brocklehurst (852) 5685 9881
This and other Group announcements can be accessed through the
Internet at 'www.hkland.com'.
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END
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