CapitaLand appoints new Chief financial officer

CapitaLand yesterday said it had appointed Morgan Stanley co-head of South-east Asian investment banking Arthur Lang as its new chief financial officer.

Mr Lang will commence his new role by mid-September and will replace current CFO Oliver Lim, who has been appointed head of strategic corporate development with the property group.

“We are always rotating our top business talents to different business positions for them to gain exposure and experience,” CapitaLand chief executive Liew Mun Leong said.

“At the same time, we are continually scouting for senior management talent to expand the present strong management bench strength with fresh talent and varied skill sets.”

Mr Lim has been CFO with the property developer since July 2005 and his new role will include mergers and acquisitions. He will also continue to hold his position of non-executive chairman of CapitaLand’s Australian subsidiary, Australand Holdings.

Source : Today – 24 Jun 2011

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