CapitaLand Investment has hired Kara Wang as chief investment officer for its China unit, effective 5 May.
Wang will spearhead direct investments for CapitaLand China’s onshore and offshore fund products to deliver sustainable funds under management growth, develop the group’s onshore capital markets capabilities and drive inorganic platform acquisitions.
Wang will also be CapitaLand’s country representative for Hong Kong and work to expand the firm’s network of business and capital partners in the Chinese special administrative region.
“Kara brings a wealth of knowledge to CLI China. She has over 20 years of experience in finance and real estate as well as an extensive network of global and Chinese investors within the regional investment community. She will be instrumental in sharpening CLI’s investment expertise and contribute to building new strategic capabilities for our business in Greater China,” said Andrew Lim, group chief operating officer.
Wang joins CapitaLand from Citibank, where she was managing director and Asia co-head of real estate and lodging. Prior to Citibank, Wang spent nine years as managing director and global co-head of real estate and lodging at HSBC.