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HONG KONG-Morgan Parker, the president of Taubman Asia, has resigned from his position. Parker plans to pursue other real estate opportunities in the Asia-Pacific region. Taubman Asia is an arm of the Michigan-based Taubman Centers Inc.

“We appreciate Morgan’s talents and accomplishments, as he moves on to pursue other interests,” says Robert Taubman, chairman, president and CEO of Taubman Centers. “He has been instrumental in building our capabilities and establishing our platform in the region.”

A replacement for Parker has not been named yet. Taubman will be personally filling the void until someone new is hired.

Taubman Asia was started in 2005 with a focus on retail projects that could leverage the company’s retail planning, design and retail capabilities. “Since then, we’ve created strong business relationships, established proven business capabilities and have secured contracts for value-added real estate services,” Taubman says.

“Although the international financial crisis has taken its toll in real estate markets everywhere, we continue to believe that the economies in Asia will lead the world in growth and over the next five to ten years retailers will be looking for high quality class A retail space that we are particularly suited to provide,” Taubman says of the company’s current plans. “We expect over time, our activities in Asia will result in profitable investments and external growth for our company.”

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