Hong Kong, 7 January 2016 - Leading global commercial real estate services firm Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG), today announced the expansion of its Valuation and Advisory Services business, including the addition of a team of valuation experts from another global real estate services company. The new team, many whom have worked together in the same division in the past, complement and magnify Colliers’ existing client offering with a broader reach and new business capabilities.
Based in Hong Kong, Vincent Cheung will be responsible for accelerating the company’s valuation and advisory business across Asia working under the leadership of David Faulkner, executive director and head, Valuation and Advisory, Asia, focusing on business development and revenue growth. He brings to Colliers his deep experience in fixed and intangible asset valuation and advisory, particularly in retail, mixed-use and office sectors, and most recently developing the valuation services business in Greater China. Cheung will also oversee the Hong Kong valuation business.
“Vincent is a results-driven executive with significant experience in new markets expansion, especially in the Greater China region. He will play an integral role in our continued regional expansion, building valuable relationships and taking our business to the next level where our clients will benefit from our extensive valuation consultancy experience,” said Faulkner.
Cheung welcomed his move, saying, “I am thrilled to be joining Colliers International at this exciting time in the company’s development. It is invigorating to be part of a business that is committed to delivering the service excellence this dynamic industry demands. I look forward to being a part of Colliers’ growth and development going forward.”
In close support of Cheung, Alton Wong, senior director, will provide strategic portfolio valuation for large enterprises and institutional investors. He will be supported by Simon Lee, who joins as a senior analyst, working closely with the valuation business teams across Asia.
A new business valuation service capability strengthens Colliers’ ability to provide complex economic support to clients, for example, during mergers and acquisition (M&A) and IPO activities. Leading this new operation will be Freddie Chan, associate director and Alfred Wong, senior manager, who bring their in-depth experience having worked in the delivery of corporate and property valuation in China and around the region.
Greater China expansion
With the further development of China’s economy, accurate business valuation is increasingly in demand. To help leverage the breadth of the company’s resources across the region, Karen Xu and Kit Cheung have joined Colliers as senior associate directors in Beijing and Shanghai respectively.
The global real estate services firm has also welcomed Michael Price, who will oversee the consistency and quality of all delivered services across the Asia region. Michael brings with him extensive strategic experience in the property sector, with 40 years in commercial and regulatory roles, in Hong Kong and the United Kingdom.
“The new team is an excellent fit for our Asia strategy, which focuses on expanding the reach as well as the depth of our business, as we continue to build our platform business across the region,” added Faulkner.