CapitaLand announces leadership changes

Property group CapitaLand announces a slew of management changes aimed at strengthening its next level of leadership.

For its retail business, the property giant has appointed Mr Tony Tan as Deputy CEO of its CapitaRetail China Trust Management.

He will also continue to hold his current position as head of finance in the same unit.

At CapitaMalls Asia (CMA), Hazel Chew, who currently heads the finance function for CapitaLand Commercial (CCL), will be appointed as financial controller of CMA from May 1.

Meanwhile, Lui Chong Chee, currently CEO of CapitaLand Financial will be leaving the company from June 1 to pursue personal interests.

Covering his duties will be Wen Khai Meng who is currently chief investment officer of the parent group, CapitaLand.

Over at Ascott Group, its deputy CEO Gerald Lee will be leaving the company to pursue further studies and other personal pursuits.

Ascott added another layer of leadership with the appointment of Mark Chan as Senior Vice President, Investment, from May 10.

He will report directly to Ronald Tay, Acott’s Chief Investment Officer.

Source : Channel NewsAsia – 28 Apr 2010

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