ASIA - Jones Lang LaSalle (JLL) has announced a series of management changes in its Asian division.
Kenneth Tsang has been appointed as Asia Pacific head of research and strategy and will be based in Hong Kong, where he will work with the global strategy team analysing capital markets, regional economies and property markets in 30 countries.
Tsang replaced David Edwards, who held the position for the last four years but has now been named president of the Asia property fund: a core, open-ended fund for institutional investors and pension schemes which is co-sponsored by LaSalle Investment Management and operates as an investment management subsidiary of Prudential plc.
Edwards will lead a fund team made up by Christine Mount, Janica Tan, Arabella Edwards and Yujung Kim and will be supported by the rest of the staff at the Asia Pacific section.
Tsang joined JLL at the start of the month from ING Real Estate Management in Hong Kong, where he was in charge of the research and strategy services in Asia. He has also worked as head of research for Greater China at JLL.
Tsang will report to Jacques Gordon, international director of investment strategy and research, and Ian Mackie, chief investment officer of Asia Pacific.
John Carver was also appointed executive vice president earlier this month, and is tasked with focusing on China seaport and airport projects, and connecting clients with foreign port, manufacturing and logistics locations, with an emphasis on the China-Los Angeles alliance.
Carver will be based in Los Angeles as part of the supply and logistics solutions team.
At the same time, Jones Lang LaSalle has also appointed John Ho as vice president in Asia Pacific, Patrick Griffin as vice president of marketing, and Karen Yuan as coordinator of special projects.
Carver's team will work alongside JLL's Shanghai office in promoting a 30,000-acre Lingang Manufacturing & Logistics Zones in the new port at Shanghai.
LaSalle Investment Management currently has approximately $46bn (€36.2bn) of assets under management.
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