New World Development appoints new CEO

New World Development has appointed Ma Siu-cheung as Executive Director effective July 1, 2022. Ma joined the group as Executive Director of NWS Holdings in July 2018. He served as Managing Director of NWS from July to December 2018 and became CEO of NWS in January 2019. He is responsible for overseeing the overall strategic development and business operations of NWS Group, the flagship New World Development conglomerate whose core businesses include toll roads, commercial aircraft leasing, construction and insurance, and is also a director of certain group subsidiaries.

Prior to joining the group, Ma served as Acting CEO of Hong Kong-Shenzhen Innovation and Technology Park from February to June 2018. He joined the Hong Kong Government in January 2014 as Undersecretary for Development and was later appointed development secretary in February. 2017 and served until June 2017. Prior to that, Ma served as Executive Vice President for Civil and Infrastructure Business (Asia-Pacific) of AECOM Asia Company.

In a statement, New World Development said Ma had no relationship with any directors, senior executives or major or majority shareholders of the company. He will sign a letter of appointment with the company as Chief Executive Officer for a fixed term of three years from July 1, 2022.

The company also made another senior executive appointment for one of its subsidiaries previously. Last year, its health arm Humansa appointed Don So as its new CEO. In his new role, So is responsible for driving forward Humansa’s new growth strategy in Hong Kong and the Greater Bay Area.

In a statement, the company said that under So’s leadership, Humansa is focused on providing customer-centric services with a holistic approach for health and wellness consumers in the region. He is working closely with Humansa’s leadership team of Chief Operating Officer Patricia Cheung and Chief Strategy Officer Elaine Jiang to launch the new Humansa in the first half of 2022.

So has over 20 years of experience leading corporate strategy and business development across all industries, from top investment banks, asset management, management consulting and start-ups. technological ups. Prior to joining New World Group, he held a senior regional position at Morgan Stanley with work experience in Asia, Europe and America. New World Development said So’s market insights can help fuel Humansa’s next phase of growth and bring a unique approach to the health and wellness industry in Hong Kong and the Greater Greater Area. Bay.

(Photo courtesy: NWD Holdings)

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Sara H. Byrd