Link Reit hires Robins as new chief executive
The Link Management, manager of the Link Reit, announced Ian Robins, the former head of Macquarie Real Estate Asia, would succeed Victor So Hing-woh as chief executive.
Mr So will step down at the end of this month.
Mr So had decided to quit three months after chairman Paul Cheng Ming-fun resigned in January.
Mr Cheng stepped down amid speculation that the Children's Investment Fund Management of Britain, the largest investor in the Link at the time, considered him not aggressive enough in improving the performance of the real estate investment trust. Mr So's departure was surrounded by similar rumours.
Mr Robins (above) has more than 20 years experience in corporate finance, asset and fund management in Australia and Asia, of which 14 years were in real estate.
He spent seven years at Deutsche Bank in Sydney as director of Deutsche Bank Investment Banking real estate and as director of Capital Markets at BD Rreef Funds Management.
Since last year, Mr Robins, 51, a chartered accountant, has been divisional director and head of Asia (Hong Kong, Korea and the mainland) at Macquarie Real Estate Asia.
He will assume the role of chief executive on approval from the Securities and Futures Commission which is required to deem him a responsible officer.
During the interim period, chief financial officer Chew Fook Aun will serve as acting chief executive.
Chairman Nicholas Sallnow-Smith said: 'With his strong experience in both real estate and fund management, Ian will lead our professional management team to advance the Link's mission and create value for unitholders and the community of Hong Kong.'
Shares of Link Reit eased 1.37 per cent to close at HK$17.34 yesterday, outperforming a 3.25 per cent drop in the Hang Seng Index.