Latest news with #GeorgeHongchoy
Business Times
2 days ago
- Business
- Business Times
Link CEO George Hongchoy to retire after 16 years at company
[SINGAPORE] The group CEO of Link Asset Management Ltd, George Hongchoy, plans to step down before the end of June 2026. Hongchoy has held the CEO position for 16 years and will stay on in the role while it searches for a successor, said the property firm in a press release on Tuesday (Jul 22). Link manages the largest real estate investment trust (Reit) in Asia and will mark 20 years since it launched its initial public offering (IPO) in November 2005. According to its website, it holds a total portfolio value of HK$226 billion (S$37 billion) across Singapore, Hong Kong, China, Australia and the United Kingdom. It has assets in the retail, car park, office, and logistics sectors. The firm is up 32.2 per cent so far in 2025 on the Hong Kong Stock Exchange and has a market capitalisation of HK$112 billion. Hongchoy was appointed CEO of Link in May 2010, after having joined the company as its chief financial officer in January 2009. He has also been a member of the CNBC ESG council since April 2021 and formerly worked in the investment banking, financial consulting and accounting sectors. Prior to joining Link, Hongchoy was the managing director and head of DBS Asia Capital. He also was the director, head of diversified industries of NM Rothschild & Sons for a year and managing director of investment banking at JPMorgan Securities (Asia Pacific) from 1992 to 2002. Link Reit was considering a Singapore IPO of its non-Hong Kong and China assets, according to a Bloomberg report last month. It currently owns Jurong Point, Swing By @ Thomson Plaza (which occupies Levels 1 and 3 of the mall) and provides asset and property management for the retail mall AMK Hub, according to its website.
Business Times
3 days ago
- Business
- Business Times
Link Reit CEO George Hongchoy to retire after 16 years at company
[SINGAPORE] The group CEO of Link Asset Management Limited, George Hongchoy, plans to step down before the end of June 2026. Hongchoy has held the CEO position for 16 years and will stay on in the role while it searches for a successor, said the property firm in a press release on Tuesday (Jul 22). Link manages the largest real estate investment trust (Reit) in Asia and will mark 20 years since it launched its initial public offering (IPO) in November 2005. According to its website, it holds a total portfolio value of HK$226 billion across Singapore, Hong Kong, China, Australia and the United Kingdom. It has assets in the retail, car park, office, and logistics sectors. The firm is up 32.2 per cent so far in 2025 on the Hong Kong Stock Exchange and has a market capitalisation of HK$112 billion. Hongchoy was appointed CEO of Link in May 2010, after having joined the company as its chief financial officer in January 2009. He has also been a member of the CNBC ESG council since April 2021 and formerly worked in the investment banking, financial consulting and accounting sectors. Prior to joining Link, Hongchoy was the managing director and head of DBS Asia Capital. He also was the director, head of diversified industries of N M Rothschild & Sons for a year and managing director of investment banking at JPMorgan Securities (Asia Pacific) from 1992 to 2002. Link Reit was considering a Singapore IPO of its non-Hong Kong and China assets, according to a Bloomberg report last month. It currently owns Jurong Point, Swing By @ Thomson Plaza (which occupies Levels 1 and 3 of the mall) and provides asset and property management for the retail mall AMK Hub, according to its website.
Business Times
3 days ago
- Business
- Business Times
Link Reit CEO George Hongchoy retires after 16 years at company
[SINGAPORE] The group CEO of Link Asset Management Limited, George Hongchoy, plans to step down before the end of June 2026. Hongchoy has held the CEO position for 16 years and will stay on in the role while it searches for a successor, said the property firm in a press release on Tuesday (Jul 22). Link manages the largest real estate investment trust (Reit) in Asia and will mark 20 years since it launched its initial public offering (IPO) in November 2005. According to its website, it holds a total portfolio value of HK$226 billion across Singapore, Hong Kong, China, Australia and the United Kingdom. It has assets in the retail, car parks, office, and logistics sectors. The firm is up 32.2 per cent so far in 2025 on the Hong Kong Stock Exchange and has a market capitalisation of HK$112 billion. Hongchoy was appointed CEO of Link in May 2010, having joined the company as its chief financial officer in January 2009. He has also been a member of the CNBC ESG council since April 2021 and formerly worked in the investment banking, financial consulting and accounting sectors. Prior to joining Link, Hongchoy was the managing director and head of DBS Asia Capital. He also was the director, head of diversified industries of N M Rothschild & Sons for a year and managing director of investment banking at JPMorgan Securities (Asia Pacific) from 1992 to 2002. Link Reit was considering a Singapore IPO of its non-Hong Kong and China assets, according to a Bloomberg report last month. It currently owns Jurong Point, Swing By @ Thomson Plaza (which occupies Levels 1 and 3 of the mall) and provides asset and property management for the retail mall AMK Hub, according to its website.
RTHK
3 days ago
- Business
- RTHK
Link boss George Hongchoy to retire in June
Link boss George Hongchoy to retire in June George Hongchoy, head of Hong Kong's real estate investment giant Link, says he'll work with the management to bring about a smooth transition. File photo: RTHK Link Asset Management (Link) announced on Tuesday that its chief executive and executive director, George Hongchoy, plans to retire by the end of June 2026. In a statement, the board of the company, Asia's largest real estate investment trust (REIT), also said it would search for a successor to Hongchoy to lead the company into the next phase of its development. It expressed gratitude to Hongchoy for his contribution and leadership over the past 16 years. "Under George's leadership over the past 16 years, Link has grown and transformed to the benefit of unitholders, tenants, employees and the wider communities that we serve," said chairman Duncan Owen. "On behalf of the board and everyone at Link, I would like to express sincere gratitude to George for his significant contributions. "We look forward to continuing to work together during the transition." For his part, Hongchoy said he'll work with the leadership team to bring about a smooth transition. 'It has been a privilege and honour to serve as group CEO of Link during a formative period of the organisation's growth and development," he said. "We have strengthened the overall leadership of the business in recent years, and I am confident we have the right team in place for the next phase of Link's development,' he added. Link manages the Link REIT, which oversees some HK$226 billion in assets across the retail, office and logistics sectors, according to its website. Hongchoy, a former investment banker, joined the company in 2009 as chief financial officer before moving to the top job the following year.
Mint
3 days ago
- Business
- Mint
Head of Asia's Largest REIT Plans to Retire After 16 Years at Firm
(Bloomberg) -- George Hongchoy plans to retire as head of Link Asset Management Ltd., the manager of Asia's largest real estate investment trust. Hongchoy, 63, will remain with the property firm as it searches for a successor, Hong Kong-based Link said in a statement Tuesday. A former investment banker, Hongchoy joined Link in 2009 as chief financial officer before moving to the top job the following year. Link manages the Link REIT, which runs HK$226 billion ($29 billion) in assets across retail, office and logistics, according to its website. Under Hongchoy's tenure, the LINK REIT has more than doubled the Hang Seng Index, returning 10.2% a year including dividends, compared with a 5% annual gain for Hong Kong's main equity gauge. Over that time, Link has diversified its portfolio, which initially comprised low-end neighborhood malls in Hong Kong. It now also holds office buildings and shopping malls in mainland China, Australia, Singapore and the UK. Hongchoy has been one of the highest paid executives in Hong Kong, awarded annual pay of HK$70 million. Link has also expanded into fund management. It hired John Saunders, former head of Asia-Pacific real estate at BlackRock Inc., last year to lead the operation known as Link Real Estate Partners. 'In a challenging market, Link's continued resilience shows the underlying strength of the business,' Duncan Owen, chair of Link said in the statement. 'We have good momentum in our efforts to grow and diversify our investment platform with the recent launch of Link Real Estate Partners.' More stories like this are available on
