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 Europe, North and South America, Australia and Africa.
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About Grosvenor Asia Pacific
Grosvenor Asia Pacific is a developer and investor in property that has been active in the Asia region for over 25 years. We invest in Greater China and Japan, with a specific focus on Hong Kong and the Greater Bay Area, Shanghai and the Yangtze River Delta, and Tokyo.
Our strategy is focused on both investment and development in 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 liked-minded, best-in-class partners, whilst our Tokyo business focuses on proprietary development and asset management. During our time in Asia we have grown into a full-scale operation with USD $1.4bn in assets under management1.
Delivering lasting commercial and social benefit is embedded throughout our business. Our properties and places are developed with sustainable communities in mind and a key focus of our activities is to achieve a net-zero carbon footprint across our portfolio by 2030.
We demonstrate our commitment to increasing social value through various initiatives and innovative projects to give back to the communities where we operate. The Neighbourhood Kitchen, our flagship community engagement project in collaboration with Caritas Hong Kong, supports underprivileged families living in subdivided units and aims to elevate their living standards and improve their health and well-being.
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.
Find out more about Grosvenor Asia Pacific at Grosvenor.com