New World Development appoints new executive director

New World Development has appointed Ma Siu-cheung executive director with effect from 1 July 2022. Ma joined the group as an executive director of NWS Holdings in July 2018. He was chief operating officer of NWS during the period 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 the NWS group, the conglomerate flagship New World Development with core business includes toll roads, commercial aircraft leasing, construction and insurance, and is also a director of certain subsidiaries of the group.

Prior to joining the group, Ma was 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 the under secretary for development and was subsequently appointed as secretary for development in February 2017 and remained in the post until June 2017. Before that, Ma was executive vice-president for Civil and Infrastructure Business (Asia Pacific) of AECOM Asia Company.

In a statement, New World Development said Ma does not have any relationship with any directors, senior management or substantial or controlling shareholders of the company. He will enter into a letter of appointment with the company as executive director for a fixed term of three years commencing from 1 July 2022.

The company also made another senior appointment for one of its subsidiaries before. Last year, its health arm Humansa appointed Don So as the new CEO. In his new position, 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 under So's leadership, Humansa focuses on providing customer-centric services with a holistic approach for health and wellness consumers across the region. He works closely with Humansa’s leadership team consisting of head of operations Patricia Cheung, and head of strategy Elaine Jiang to launch the new Humansa during the first half of 2022.

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

(Photo courtesy: NWD Holdings)

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