A casino transition leads this week’s review of personnel moves from around Asia’s real estate industry, as a Macau casino operator prepares to bid farewell to its chairman. Also making the list is a change in chief executives from Singapore’s DBS Bank and India’s Embassy Group keeping everything in the family.
Sands China announced to the Hong Kong stock exchange on 7 March that Robert Glen Goldstein will be stepping down as chairman and non-executive director of the company from 1 March 2026. The transition at the operator of the Venetian Macau and other Macau outlets comes as Goldstein prepares to leave his roles as chairman and chief executive of Las Vegas Sands Corporation, the parent company of Sands China, according to the statement.DBS Group informed the Singapore stock exchange on 6 March that it has promoted Tan Su Shan to executive director and chief executive officer of the company with effect from from 28 March. Tan, who has served as deputy chief executive with the Singaporean banking giant since 7 August, has been with the bank since 2010 and has previously served as its head of institutional banking. Tan will be taking over the top spot at DBS from Piyush Gupta, now 65, who has served as CEO since 2009.India’s Embassy Developments Limited said on 4 March that Embassy Group chairman Jitendra Viwani has been named chairman of its board, while his son, Aditya Virwani (pictured), has been appointed as a managing director. KG Krishnamurthy, the previous independent chairman of the property development division of Embassy Group, will stay on the company board as an independent director, while Sachin Shah will continue as chief executive officer and executive director.Sekisui House announced to the Tokyo stock exchange on 6 March that Yosuke Horiuchi will retire as vice chairman and representative director of the board at the Japanese developer with effect from 23 April. Horiuchi, who also serves as executive director in charge of finance and ESG, has been vice chairman of the company since 2021 and a director since 2012. In the same announcement, Sekisui House said it has named Yasushi Omura as managing officer, president and representative director of the board of its Sekisui House Construction Holdings division.
Mitsubishi Estate group executive officer Tetsuya Masuda will take on the roles of president and chief executive officer of Mitsubishi Estate Logistics REIT with effect from 1 April 2025, according to a statement to the Tokyo exchange on 7 March. In the same notice, the manager of the Tokyo-listed trust said that Takehisa Seki has been appointed senior executive officer with the REIT as Ken Takanashi steps down.Former KKR executive Julian Juul Wohlhardt is being appointed chairman of Chinese hypermarket operator Sun Art Retailaccording to an announcement to the Hong Kong stock exchange on 28 February. Now 51, Wohlhardt is co-founder and chief executive officer of DCP Capital, which acquired Sun Art from Alibaba for $1.6 billion in a deal signed in January of this year.Henka Darsono has joined APG Asset Management in Hong Kong as assistant portfolio manager for Asia Pacific real estate, according to a LinkedIn update. Darsono took on his role at the Dutch pension fund manager earlier this month after more than four years with Chicago-based Heitman, where he had served as senior associate for investment research. The Purdue University graduate also has previous experience at JLL.Josh Lindberg has rejoined the Cushman & Wakefield team, taking on the position of director with the property consultancy’s Tokyo tenant advisory group, according to a LinkedIn update. Lindberg took up his new responsibilities this month after having previously served as director of leasing and marketing with Hines in Shanghai, where he led efforts which brought the company’s One Museum Place project to nearly full occupancy. The California State University at Sacramento graduate spent more than 11 years with Cushman & Wakefield in the US and China before joining Hines.
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