Logistics major ESR announces management changes, president’s transition

Global logistics real estate firm ESR Cayman has announced changes to its management team, including the transition of group president Charles de Portes, as part of the company’s long-term planning.

Portes, who co-founded the Redwood Group together with Stuart Gibson in 2006 before the firm merged with e-Shang to form ESR, is scheduled to transition from his role from January 1, 2021. He will join the board as a non-executive director and will remain a key shareholder of the firm.

“After 20 years in logistics real estate in Asia, and prior to that in Europe, I have decided that at the end of this year is the right time to transition to non-executive board member,” de Porte said.

He added that the decision to relinquish the role will give him more time to pursue interests in charitable activities.

Other key changes in ESR’s organisation and senior management include the promotions and new hires of key senior executives.

Josh Daitch, who joined ESR in 2018 as senior managing director, has been promoted to group head of Fund Management & Capital. He will lead ESR’s newly merged fund management capital raising function.

The group also announced the appointment of Lilian Lee as its chief corporate officer, overseeing the administration, human resources, and IT functions of the firm. Lee was general manager of HR and Administration at Mapletree Investments before joining ESR.

Thomas Nam, CEO of South Korea, and Philip Pearce, CEO of Australia, will also join the Group Investment Committee, which evaluates all new transactions across ESR’s markets.

ESR board chairman Jeffrey Perlman said the addition of Daitch and Lee further enhance the firm’s leadership team “to deliver the group’s next phase of growth.”

The firm has a logistics portfolio of over 300 assets spanning 17.2 million square metres gross floor area in operation and under development. About 60 per cent of its tenant base consists of e-commerce and third-party logistics (3PL) businesses.

ESR manages funds and investment vehicles backed by investors including Dutch pension fund manager APG, South Korean conglomerate SK Holdings, Chinese e-commerce giant JD.com, Canada’s biggest public pension fund CPP Investments, and Chinese insurer Ping An.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.