CapitaLand Hires Citi’s Top Property Banker to Seek China Deals

CapitaLand Investment Ltd. appointed Citigroup Inc.’s top Asia real estate investment banker Kara Wang as chief investment officer for China starting next month, signaling the Singapore firm’s appetite for dealmaking.

The property firm, backed by state investor Temasek Holdings Pte, also hired Hideto Yamada from Japan’s Government Pension Investment Fund, as a managing director in the country, starting this month, according to a statement.

In her new role, Wang will lead direct investments for the group’s China onshore and offshore fund products as well as drive acquisitions in the country, the statement said. Wang joins CapitaLand ...