9 May 2019
Grosvenor Asia Pacific appoints new Chief Financial Officer
Lawrence Tsang appointed as Chief Financial Officer
Grosvenor Group Limited (‘Grosvenor’), one of the world’s largest privately-owned international property groups, announces the appointment of Lawrence Tsang as Chief Financial Officer of Grosvenor Asia Pacific. Lawrence will be based in the Hong Kong office and will undergo a handover and induction program during the next few months prior to Ian Mair’s return to the UK.
Lawrence has over 25 years of broad based experience in financial management, business administration and corporate development. His most recent role was as Group CFO for Vistra Group, the global leader in corporate, trust and fund administration where he also founded its CSR strategy and global CSR Committee. Prior to Vistra, Lawrence was with law firm Linklaters for 10 years as CFO and COO for its Asia business. Lawrence previously held finance and management positions in a number of different industries with companies including Haworth, Kingfisher and Unilever. Lawrence serves on the board of the Angkor Hospital for Children in Cambodia.
Lawrence is a graduate from Cambridge University and is a Member of the Hong Kong Institute of Directors and an Associate of Chartered Global Management Accountants.
Benjamin Cha, Chief Executive, Grosvenor Asia Pacific, comments: “I look forward to working with Lawrence and, in particular, drawing from his experience to support delivery of our purpose.”
About Grosvenor Group
Grosvenor Group is a privately-owned international property company.
With a track record of over 340 years, we develop, manage and invest with a purpose of improving property and places to deliver lasting commercial and social benefit.
This is achieved by adopting a farsighted perspective, by being locally engaged and sharing and benefitting from our international experience. We call this our Living Cities approach.
Through the activities of Grosvenor Britain & Ireland, Grosvenor Americas, Grosvenor Asia Pacific and Grosvenor Europe we diversify the Group’s property portfolio by geography, sector, activity, currency and management teams. Our Indirect Investment business further diversifies the Group’s property interests by backing specialist third-party management teams. It invests Grosvenor’s capital in Australia, Europe and North and South America.
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About Grosvenor Asia Pacific
Grosvenor Asia Pacific is a property developer and investor in Greater China and Japan with a focus on Hong Kong and the Greater Bay Area, Shanghai and the Yangtze River Delta, and Tokyo. We have been active in the Asia region for over 25 years.
Our investment and development activities are focused on the residential, office and retail sectors, with new initiatives being developed in prop-tech and digital innovation.
Our Greater China business predominantly operates through joint-ventures with like-minded, best-in-class partners, whilst our Tokyo business focuses on proprietary development and asset management. We are currently responsible for USD $1.4bn of assets under management.
As we work to improve property and places, we focus on creating sustainable communities, reducing the impact of the built environment by achieving a net-zero carbon footprint across our portfolio by 2030 and improving the wellbeing of the communities where we operate.
We are part of Grosvenor Group, a privately-owned international property company. With a track record of over 340 years, the Group develops, manages, and invests with a purpose of improving property and places to deliver lasting commercial and social benefit.