Raymond Heung : Trustee

Raymond Heung


Born in Hong Kong, Raymond came to Canada to attend University in 1966. After receiving his Bachelor of Commerce degree, he completed his graduate degrees in M.A (Economics) and M.Sc. (Urban Land Economics) from UBC in the early 1970’s.

He worked for Daon Development Corp. in the later part of the 1970’s. He founded Vanac Development Corp in 1982, and has been the company’s President ever since. Between 1998 and 2005, he was also the President and CEO of Madison Pacific Properties Inc., a public commercial real estate company based in Vancouver, B.C.

Raymond is a past member of the Real Estate Institute of BC. He has been engaged in the acquisition, development and management of commercial real estate for close to 40 years.

Raymond and his wife Terry Heung, are Trustees of the Foundation.

Malcom Leitch : Advisor

Malcom Leitch


Malcolm is a semi-retired real estate executive. Until recently, he was a Managing Partner with BentallGreenOak, one of the world’s leading institutional real estate investment management firms. He received his BCom from UBC in 1979, and his CA in 1981, after which he spent three years working in public practice in London, England.  In 1987 he joined Penreal Advisors Ltd., a small real estate start-up based in Vancouver with $100m in assets. As an equity partner in the firm, he saw the company grow and evolve, recently becoming BentallGreenOak with C$78b in investments. He also served on its Global Executive Team until stepping back.

In addition to coaching his children’s hockey and baseball teams, Malcom has served on the boards of non-profit organizations in the health and education spheres. He was most recently on the board and served as Chair (2014–2018) of the Looking Glass Foundation, which assists people impacted by eating disorders. Malcolm continues to be involved with a number of boards of directors and investment committees within the BentallGreenOak group of companies.

Stanley Hamilton : Advisor

Stanley Hamilton


Stanley is an Professor Emeritus at UBC’s Sauder School of Business UBC, where he taught and conducted research in real estate valuation and institutional investments. He served in a number of senior administrator roles at UBC.

Throughout his career he has been engaged in community activities including the boards of Children’s Aid Society of Vancouver, Vancouver Stock Exchange, B.C. Assessment Authority, Vancouver City Planning Commission, Arts Club Theatre Company and the Investment Advisory Committee of the Public Guardian and Trustee of B.C. and the Financial Services Tribunal of B.C.

Stanley is past chair of the BC Arts Council and a member of the Investment Advisory Committees of the Real Estate Foundation of B.C. and Bentall Kennedy Prime Canadian Property Fund.

In December 2017, Dr. Stanley Hamilton received the honour of the Order of British Columbia. The Order represents the highest form of recognition the Province can extend to its citizens. In 2020, Dr. Hamilton was appointed to Member of the Order of Canada for his contributions to business education in Canada and abroad, and for generously supporting Vancouver's arts scene.


Joined the Y.P. Heung Foundation Board of Advisors in 2012.

Elsie Heung : Administrator, Grants

Elsie Heung

Administrator, Grants

Katherine Chan, CPA, CGA : Administrator, Finance

Katherine Chan, CPA, CGA

Administrator, Finance

Leave a Reply