Senior Management Team

Goodwin Gaw has been the Chairman, Managing Principal and Co-Founder of Gaw Capital Partners since 2005. Mr. Gaw is also a member of the investment committee of Gaw Capital Partners. Mr. Gaw has over 25 years of real estate investment and management experience in the United States and Asia. Mr. Gaw has also served as the Vice Chairman of Pioneer Global Group (SEHK: 224), a company listed on the Stock Exchange of Hong Kong Limited since 1994, and Founder and President of Downtown Properties, LLC, a multi-faceted real estate investment, management and development company, since 1991. Mr. Gaw was awarded “Industry Figure of the Year” by Global PERE Awards in 2013, 2015 and 2018. Mr. Gaw holds a Bachelor of Science in Civil Engineering from the School of Engineering at the University of Pennsylvania, a Bachelor of Science in Finance from the Wharton School at the University of Pennsylvania, and a Master of Science in Construction Management from Stanford University.

Kenneth Gaw has been the Managing Principal and Co-Founder of Gaw Capital Partners since 2005, and is also a member of the investment committee of GCP. Mr. Gaw has over 25 years of real estate investment and management experience globally. Mr. Gaw has also served as an Executive Director of Pioneer Global Group (SEHK: 224) since 1994 and became the Managing Director since 1999. He has also served as Director of Hong Kong Thailand Business Council since 2003. Mr. Gaw was awarded “Outstanding Entrepreneur” by Capital Entrepreneur in 2017. Mr. Gaw was a former director at Dusit Thani Public Company, a leading hotel company listed on the Stock Exchange of Thailand, Home Inns & Hotel Management Inc., a leading budget hotel operator in China previously listed on NASDAQ, Wah Kwong Shipping Holding Ltd., a global shipping company previously listed in Hong Kong Stock Exchange, and Siam Food Product Public Company, a leading food manufacturer and exporter previously listed on the stock exchange in Thailand. Mr. Gaw also worked in the Structured Finance Group at Goldman Sachs in New York and in Corporate Finance at Goldman Sachs in Asia. Mr. Gaw holds a Bachelor of Science, Magna Cum Laude, in Applied Mathematics and Economics from the Brown University.

Christina Gaw has been the Managing Principal, Global Head of Capital Markets of Gaw Capital Partners since 2008. Ms. Gaw has also served as Co-chair of Alternative Investments of Gaw Capital Partners since 2021. Ms. Gaw has served as an Executive Director of Pioneer Global Group (SEHK: 224) since 2014, an Independent Non-Executive Director and Member of the Sustainability Committee of CLP Holdings (SEHK: 2) since 2020, as well as an Independent Non-Executive Director and Member of the Audit Committee of JD Logistics, Inc. (SEHK: 2618) since 2025. Ms. Gaw was named Global PERE's Rainmaker 30 and awarded "Business Women of the Year Awards" by CEO Today Global Awards in 2019, and named as one of the Top 10 PERE's Women of Influence in 2021. Ms. Gaw has over 25 years of investment banking and investment management experience in the Asia Pacific region, having worked at UBS and Goldman Sachs for 15 years during her investment banking career, covering major institutional clients around the globe in Asian Equities. Prior to joining Gaw Capital Partners, Ms. Gaw was a Managing Director at UBS, heading up the Asia Pacific Capital Introduction effort for alternative products; prior to that, she was the Head of Regional Sales in Equities Distribution at UBS. Ms. Gaw holds a Bachelor of Science in Business Administration from the University of San Francisco.

Humbert Pang has been the Managing Principal and Head of China of Gaw Capital Partners since 2006. Mr. Pang is also the Co-chair of Alternative Investments and a member of the investment committee of Gaw Capital Partners. Mr. Pang has over 25 years of real estate experience in Mainland China and previously served as a Director of Shanghai Li Xing Hotels Limited and Landton Limited, joint ventures between Shui On Group and Shanghai Hotel Investments Limited. Prior to joining Gaw Capital Partners, Mr. Pang was one of the founding members of First Pacific Davies’ China operation, which was later acquired by Savills Plc, and served as the Regional Director and Head of Investment and valuation consultancy at Savills China Limited. Mr. Pang is also a professional member of the Royal Institution of Chartered Surveyors and Hong Kong Institute of Surveyors, and a Senior Departmental Fellow at The Land Economy Department of Cambridge University. Mr. Pang holds a Bachelor of Science in Economics from the University of London and a Master of Science in Property Investment from City, University of London.

Alan Lee has been the Chief Operating Officer of Gaw Capital Partners since 2013 and previously served as the Chief Financial Officer of Gaw Capital Partners from 2005 to 2013. Mr. Lee has over 25 years of experience in capital and debt financings including initial public offering, international share placings, credit rating and bond issuances. Mr. Lee has also served as an Executive Director of Pioneer Global Group (SEHK: 224) since 2013. Mr. Lee is a Chartered Professional Account in Canada. Mr. Lee holds a Bachelor of Science from the Imperial College of Science and Technology at the University of London, and a Master of Business Administration from the University of Toronto.

Prior to joining Gaw Capital Partners, Tony Lo served as Director of Wachovia Bank, in charge of real estate debt and equity investments in the Greater China. He worked as Head of Investments for both Jones Lang LaSalle and DTZ in Hong Kong for over 15 years. Mr. Lo graduated from the Hong Kong Polytechnic University and has been a Chartered Surveyor since 1989.

Joseph Chan joined Gaw Capital Partners in 2005 and has 20 years of experience in real estate private equity and special situations investment throughout Asia, US and Europe. Prior to his current role at Gaw Capital Partners, Mr. Chan served as Executive Director and Head of the China real estate in the Global Special Opportunities Group at J.P. Morgan. Mr. Chan received his B.S. in Economics, magna cum laude, with a concentration in Finance from the Wharton School at the University of Pennsylvania.

Valerie Yip has over 15 years in real estate, spanning from acquisition, asset management, development, and investment banking throughout US, Asia, and Europe. Previously, Ms. Yip worked as an investment banker at Morgan Stanley Real Estate in both New York and Hong Kong managing real estate advisory transactions (including IPO and corporate restructuring) and principal investment. Ms. Yip received a Bachelor of Science in Finance and Accounting at the Wharton School at the University of Pennsylvania with Latin honors and Master of Business Administration from INSEAD.

Isabella Lo has over 20 years of experience in real estate and investment advisory, spanning from acquisition, asset management to investment banking. Ms. Lo is spearheading Gaw Capital’s investments in Japan and Taiwan, spanning office, retail, residential, hospitality, logistics and data centers. She is a member of the Executive Committee of Urban Land Institute Japan and the Real Asset Committee of Hong Kong Venture Capital and Private Equity Association. She was recognized by PEI (Private Equity International) as 2023’s “Women of Influence in Private Markets." Prior to joining Gaw Capital, Ms. Lo was a part of the Real Estate Investment Banking Group at Deutsche Bank advising on transactions in China, US, UK and Continental Europe. She received a Bachelor of Science in Economics, majoring in Finance and Accounting, from the Wharton School at the University of Pennsylvania.  

Imelda Tham has over 20 years of solid real estate investment and asset management experience in Asia and the U.S. Prior to joining Gaw Capital Partners, Ms. Tham was an Associate at Credit Suisse Private Equity Asia. Before relocating to Asia, Ms. Tham worked at Carlyle’s Real Estate Fund in Washington D.C., and closed transactions across the hotel, multi-family apartment, and senior housing sectors in North America. Ms. Tham also worked at Citigroup’s Investment Bank in New York, providing M&A advisory and financing services to clients in the U.S., Asia, Australia and Latin America. She received a Bachelor of Science in Economics, majoring in Finance, from the Wharton School at the University of Pennsylvania.

Andy Chiu joined Gaw Capital Partners in 2014 and is the Managing Director, Principal, and Chief Financial Officer. Mr. Chiu has over 16 years of experience in financial services industry. Prior to joining GCP, Mr. Chiu worked in PricewaterhouseCoopers Hong Kong. Mr. Chiu is a Certified Public Accountant in Hong Kong, a member of the Royal Institution of Chartered Surveyors and a Financial Risk Manager. Mr. Chiu holds a Bachelor of Business Administration in Accounting and Finance, with First Class Honors, from the Hong Kong University of Science and Technology.

Mr. Lo joined Gaw Capital Partners in 2014 and is responsible for asset management of the Fund’s commercial property portfolio in Mainland China and Hong Kong, including asset management and enhancement initiatives. He was promoted as the Managing Director, Principal in 2025 to oversee the commercial property portfolio in APAC region. He has over 20 years of experiences in real estate asset management and investment. Before joining Gaw Capital, Mr. Lo was the Senior Associate Director of Mapletree Investment Pte Ltd. He had also held various managerial roles in major asset development and management companies in Mainland China and Hong Kong such as Hutchison Whampoa Properties, Sun Hung Kai Properties etc. Mr. Lo holds a Bachelor of Science in Real Estate and Construction degree and a Master of Business Administration degree, both from the University of Hong Kong. He is also a member of the Royal Institution of Chartered Surveyors and Hong Kong Institute of Surveyors.  

Mike Hu is a Managing Director and US Principal at Gaw Capital USA and leads the Capital Markets team in the US. He is based in Los Angeles, the headquarters for Gaw Capital USA, and is responsible for capital formation, co-investments, separate account investments, investor relations and marketing. Mike joined Gaw Capital in 2011 and was previously a member of Gaw Capital's acquisitions team based in Hong Kong. In December 2014, he was relocated to Los Angeles to help grow the US business. Before joining Gaw Capital, Mike was with Tishman Speyer in London and New York, where he was part of their Leadership Development Program. While at Tishman Speyer, he completed rotations in acquisitions, debt financing / restructuring, property and asset management, and design & construction. Prior to Tishman Speyer, Mike was a strategy and operations management consultant focused primarily on the real estate and energy industries. He received a BA in Economics / International Area Studies with college and Latin honors from UCLA and an MBA from London Business School. He is conversationally fluent in Mandarin Chinese and has extensive experience working in Asia, Europe and the US.

Dan Lee has over 17 years of real estate investment and advisory experience. He has directly transacted and executed the business plan on over US$1 billion of US real estate assets including office buildings, residential multifamily, hotels, retail shopping centers, live music venues and mixed-use projects. Prior to joining Gaw Capital USA, he was an executive at a national residential homebuilder, NYC-based development/value-add investment firm and a global management consulting company.  

Christophe Vielle is currently the Chairman and Co-founder of GCP Hospitality. Since he launched the company in 2008, his vision and strategic direction have led to the establishment of a portfolio of over 60 properties and an outstanding performance record featuring consecutive years of double-digit IRR. In addition to his role at GCP Hospitality, Mr.Vielle holds dual roles as Chairman & CEO of C2 Capital, a private equity firm with a particular focus on the Portuguese market, and Chairman of Hospes Hotels. The latter is a renowned collection of 10 boutique luxury hotels situated in Spain and Portugal. Mr. Vielle's distinguished career spanning four decades includes numerous senior management roles within the hospitality industry, having had successful tenures at Accor, King Power Group, New Way Limited and Shangri-La. Christophe Vielle's leadership is characterized by his ability to navigate through various complex and challenging situations. His impressive repertoire of accomplishments includes revitalizing struggling operations, successfully launching and managing hotels and restaurants, innovating within the hospitality sector, and expanding well-established operations.

Edward Law has over 30 years of real estate experience in Greater China. Prior to joining Gaw Capital, Mr. Law used to work as the Senior Executive of Jones Lang LaSalle and Hyatt International Hotels. Mr. Law received a Bachelor in Hotel Management from the University of Hawaii at Manoa.

Annora Ng is a Managing Director at Gaw Capital Partners based in Singapore and is responsible for capital formation, co-investments, separate account investments, investor relations and marketing. Ms. Ng has over 10 years of experience in real estate investment advisory, including fund formation, acquisitions, recapitalizations and investor relations. Ms. Ng joined Gaw Capital in 2013 and was based in Hong Kong until 2022 when she relocated to Singapore to help grow the South East Asia business and investor base. Before joining Gaw Capital, Ms. Ng was a founding member and research analyst at HKGolden50, a Hong Kong based non-profit research institute. Ms. Ng received her B.A. in Government (International Relations and Comparative Politics) from Dartmouth College.

Mr. Taniguchi joined Gaw Capital in 2024 as Managing Director - Head of Asset Management, Japan. Overseeing the firm's asset management in Japan, he brings a wealth of experience and a proven track record to the table. Mr. Taniguchi has nearly 30 years of work experience in the finance and asset management industry. Before joining Gaw Capital, Mr. Taniguchi served as the President & CEO of First Brothers Asset Management Co., Ltd. (FBAM) from 2022 to 2024, where he demonstrated unparalleled leadership in asset management, principal investment, and portfolio management. He spent over 14 years at First Brothers Co., Ltd. and First Brothers Asset Management Co., Ltd. in various leadership roles. During his tenure, he managed assets worth billions of yen with more than 180 assets over Japan. Mr. Taniguchi also played an instrumental role in transitioning the company's focus from third-party asset management to principal investment and ventured into VC/PE investments. Prior to that, he held positions at Aetos group, MID group, Hudson Japan, and Kajima group, maintaining expertise in comprehensive asset management, investment, internal control, as well as team management. He received a Bachelor of Arts in Law from the Osaka Metropolitan University (formerly Osaka City University).

Mr. Cho joined Gaw Capital in 2024 and brings extensive expertise to his role as Head of Infrastructure and Head of Korea. With a proven track record and a deep understanding of the Asian market, Mr. Cho plays a pivotal role in driving the firm's infrastructure investment strategies and leading its operations in Korea. Before joining Gaw Capital, Mr. Cho served as the Partner and Head for Infrastructure Investment at IMM Investment (IMM) and CEO of IMM Asset Management Company in Hong Kong. During his tenure, he successfully led IMM's infrastructure business to become one of the leading infrastructure investment platforms in Korea. Prior to that, Mr. Cho held key leadership roles at the International Finance Corporation (IFC). In these roles, he spearheaded infrastructure and natural resources investments in the Asia Pacific region, managing a substantial portfolio and driving the development and implementation of investment strategies. Mr. Cho received a Bachelor of Science in Civil Engineering from Yonsei University, a master’s degree in Construction Engineering and Management from Stanford University, and a Doctor of Philosophy in Civil Engineering from the University of Tokyo.

Harry Ip has 25 years of real estate investment and asset management experience in Asia Pacific. Prior to joining Gaw Capital Partners, Mr. Ip served as Senior Portfolio Manager for Abu Dhabi Investment Authority (ADIA) from 2010 to 2023. Before that, Mr. Ip also worked as Vice President for Wachovia Bank and Associate Director for Jones Lang LaSalle. Mr. Ip holds a Bachelor of Science in Surveying from the University of Hong Kong and a Bachelor of Laws from the University of London. He is also a professional member of Royal Institution of Chartered Surveyors and Hong Kong Institute of Surveyors, and a CFA Charterholder.

Ms. Elizabeth Di Cioccio joined Gaw Capital as the Managing Director - Capital Markets, EMEA. In her role, she is responsible for the capital markets division for the Europe and Middle East region, driving strategic initiatives and fostering key relationships. She markets Gaw Capital’s global products across different asset classes, particularly in infrastructure sector and beyond. With nearly 20 years of experience in the financial sector, Ms. Di Cioccio has a proven track record of success in capital markets. Prior to joining Gaw Capital, Ms. Di Cioccio served as the Head of Middle East and Managing Director at KKR & Co. Inc. During her tenure, she oversaw KKR's business in the Middle East, focusing on raising capital from GCC-based sovereign wealth funds (SWFs) and other government and institutional clients. Her exceptional relationship management skills led her to raise over $10 billion during her tenure at KKR. Elizabeth also managed KKR's teams in Dubai and Riyadh. Before her tenure at KKR, Ms. Di Cioccio was a Partner at Mercury Capital Advisors in Dubai, where she successfully opened the firm's Dubai office and was responsible for distributing private equity, real estate, infrastructure, private credit, and hedge funds in the Middle East, the Nordic region, the UK, and Australasia. Ms. Di Cioccio's earlier career includes positions at Jefferies International and Merrill Lynch International. Ms. Di Cioccio holds a Bachelor of Arts in Economics, Phi Beta Kappa, Summa Cum Laude from Middlebury College.

Flora Yim joined Gaw Capital Partners in 2023 and is the Chief People Officer.

Ms. Yim has over 20 years of experience in HR and talent management.  Prior to joining Gaw Capital, Ms. Yim worked in several financial institutions, including BlackRock, Deutsche Bank, and Goldman Sachs. Ms. Yim is a clinical psychologist and a member of the American Psychological Association and Hong Kong Association of Doctors in Clinical Psychology.

Ms. Yim holds an MBA from the Chinese University of Hong Kong and a doctoral degree in clinical psychology from California School of Professional Psychology of Alliant International University.

Ms. Jialin Li joined Gaw Capital as the Managing Director, Investments. Ms. Li is based in Shanghai, leading industrial acquisition and disposition in China and exploring investment opportunities in rental housing sector. With over 17 years of robust experience in the industry, she has demonstrated exceptional leadership and expertise in real estate acquisitions and fundraising. Prior to joining Gaw Capital, Ms. Li served as the Managing Director - Investment Management in Greystar, leading the acquisition of rental housing properties as well as raising USD separate accounts and securing RMB capital for single-asset projects. Prior to that, she has worked in SDP Investment and Fosun Property as the Managing Director, covering transaction execution from deal sourcing to closing as well as fund-raising activities in both USD and RMB.  Ms. Li commenced her career with Gaw Capital where she worked for over 5 years from 2007. Ms. Li holds a Master degree in Investment Banking and Capital Market from Friedrich-Alexander-University Erlangen-Nuremberg, Germany.

Foster Lee has over 20 years’ experience in direct lending and structured finance across Asia Pacific. Foster is currently heading the private credit investments for Gaw Capital and have deployed c. USD1bn since he joined in 2020. Foster was the head of syndicated finance for China Minsheng Bank and prior to that he worked in multiple direct lending transactions, in particular leveraged finance and assets based lending across Hong Kong, Australia and Japan in GE Capital. During his banking career, he was on the board of directors of the Asia Pacific Loan Market Association and as a member of the China Committee and the Leveraged & Acquisition Finance Committee of the association. Foster holds a bachelor's degree in commerce from the University of New South Wales and he is a qualified public accountant of CPA Australia.

Sharon Xie joined Gaw Capital in 2015 and is a Managing Director - Asset Management, responsible for asset management across the firm’s logistics portfolio. She has over 15 years of experience in leasing and asset management, with deep expertise in the logistics sector. Prior to joining Gaw Capital, Ms. Xie spent four years at GLP as a Leasing Manager, overseeing several projects in Shanghai. She successfully developed new client relationships and maintained strategic partnerships with the tenants. Before GLP, she worked for two years with a state-owned developer, where she gained extensive industry experience. Ms. Xie holds a Bachelor of Science in International Business and a Master’s degree in Logistics and Supply Chain Management from Hull University in UK.

Mr. Toh joined Gaw Capital in 2025 as Managing Director – Head of Data Centre Platform, Asia (Ex-China). He leads the firm’s strategy and investments in the data centre sector across Pan Asia, excluding China. Mr. Toh has over two decades of global investment and operational experience in the data centre, finance, and real estate industries. Before joining Gaw Capital, he served as Asia General Manager at Edgnex Data Centres by DAMAC. Prior to that, he was Group Chief Executive Officer at DCI Data Centers, a Brookfield-owned platform, where he led the company’s expansion into Asia and secured hyperscale customer commitments for new developments. Earlier in his career, he was a founding member of both ST Telemedia Global Data Centres (STT GDC) and Securus Data Property Fund (now Keppel DC REIT), playing a pivotal role in building and scaling these platforms into major regional and global players. Throughout his career, Mr. Toh has demonstrated deep sector knowledge and strong leadership in establishing and growing data centre businesses. He has extensive experience in capital raising, investment, strategic planning, and executing complex cross-border joint ventures across key markets including Singapore, South Korea, Japan, the Philippines, Indonesia, India, and the UK. He has also built strong relationships with strategic hyperscale customers and led high-impact transactions across the region. Mr. Toh holds a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia, and a dual Bachelor’s degree in Business Management and Economics from the University of Queensland in Australia.