Grosvenor, the privately-owned international property group, announced today that Daniel (‘Dan’) Cox has been appointed as Managing Director and Chief Representative (Japan) for Grosvenor Asia Pacific, the group’s Asia-based proprietary arm.
Dan has lived and worked in Japan for 20 years and joins Grosvenor having founded and led Tokyo-based venture incubation company Better World K.K. for the past 7 years. During his time at Better World, Dan successfully brought two ventures to fruition, namely, KK Sherpa, a hospitality operations and consulting business employing over 150 people across three language teams – Japanese, English, and Chinese – in a variety of roles in the Japanese winter sports and hospitality industry; and Better World Energy, a start-up focused on electric power generation from the waste heat of Japanese hot springs, with a pilot project in Beppu, Oita.
Prior to founding Better World KK, Dan was with Citigroup Japan for eleven years, ultimately as Vice President and Head of Corporate Turnarounds at Citigroup Principal Investments Japan (CPIJ) where he drove the firm’s hospitality real estate investments including the landmark acquisition, repositioning, re-branding and redevelopment planning of the Niseko Higashiyama Prince Hotel into the Hilton Niseko Village. The asset was successfully sold to YTL Corporation of Malaysia.
Previously at CPIJ, Dan established and managed the company’s equity trading desk and also participated in the underwriting of collateralized non-performing loan portfolios. Prior to that, he was Vice President and Japan Head of Corporate Affairs for Citigroup, reporting to the Citigroup Japan CEO, with overall responsibility for the internal and external communications for all Citigroup businesses in Japan including retail, corporate and investment banking and consumer finance businesses.
Benjamin Cha, Chief Executive, Grosvenor Asia Pacific said:
“Dan is a proven leader, manager, investor and entrepreneur and joins us following an extensive and rigorous search for a candidate who has a strong track record in these areas. We are delighted to have him join our leadership team as we grow the business, go deeper into our markets, build up our development capability and implement our “Living cities” ambitions in Japan.”
“I’m pleased to be joining Grosvenor at such an exciting time. Tokyo is one of the most dynamic cities in Asia and Grosvenor’s unique approach and capabilities will serve it well as it continues to grow its business in the market. I look forward to spearheading these efforts with the Tokyo team.”
The Board of Grosvenor Asia Pacific is chaired by Keith Kerr. Non-Executive Directors are Norman Lyle and Kensuke Hotta, and from Grosvenor Group Limited, Peter Vernon, Group Executive Director, and Nicholas Scarles, Group Finance Director. Executive Directors are Benjamin Cha, Chief Executive and Ian Mair, Chief Operating Officer and Regional Finance Director. It has offices in Hong Kong, Shanghai and Tokyo, and a staff of 58.
For more information contact:
Amanada Cheung, Director, Marketing Communications
Grosvenor Asia Pacific
+852 2501 1997
Notes to Editors
Grosvenor, one of the world’s largest private international property groups, works in some of most dynamic cities around the globe. Guided by our ‘Living cities’ philosophy, we strive to create, manage and invest in properties and places that contribute to the enduring success of cities.
Grosvenor Asia Pacific
Grosvenor Asia Pacific is an investor, developer and asset manager which has been active in the region for over 20 years. Operating across the residential, office, retail and multi-use sectors in Hong Kong, Shanghai and Tokyo, the company aims to make a lasting contribution to the communities in which it is active, and to the environment, taking advantage of the property skills and the long-term perspective that the Grosvenor Group has developed over many generations.
Grosvenor Asia Pacific invests its own capital, co-invests with third parties and is responsible for managing assets in excess of HK$8.1bn, as at 31 December 2015.
For more information visit the website www.grosvenor.com @Grosvenor_Asia