CapitaLand Group appoints new CEO

Singapore’s property giant CapitaLand Group has appointed a new president and chief executive officer (CEO).

Mr Lim Ming Yan will take over from Mr Liew Mun Leong on 1 January 2013 and will also be appointed as director of CapitaLand.

Mr Lim, 49, is currently CapitaLand’s chief operating officer (COO), a position he has held since 6 May 2011.

He is also the deputy chairman of CapitaLand China executive committee.

From 2000 to 2009, Mr Lim was CEO of CapitaLand China Holdings where he grew CapitaLand into a leading foreign real estate developer in China.

He then returned to Singapore to helm CapitaLand’s serviced residence business – The Ascott Limited.

Meanwhile, current CEO, Mr Liew will stay on as a director of CapitaLand until its next annual general meeting scheduled for 26 April 2013.

He will also remain in the employment of CapitaLand until his last day of service on 27 June 2013.

Mr Ng Kee Choe, chairman of CapitaLand board, said: “The board unanimously chose Ming Yan after an extensive search where both internal and external candidates were reviewed. A tested and proven member of CapitaLand’s management team for more than a decade, Ming Yan will provide continuity and leadership to advance the group’s business and growth.

“I would like to thank Mun Leong for leading the group for the last 16 years since taking over the helm at Pidemco Land which later merged with DBS Land to form CapitaLand in 2000. He has nurtured and led CapitaLand to become one of the largest real estate group in Asia.”

Mr Lim was named Outstanding Chief Executive (Overseas) at the Singapore Business Awards in 2006 and he will be helming one of the largest real estate players in Asia.

As at end June 2012, CapitaLand Group’s assets under management amounted to about S$62 billion.

Source : Channel NewsAsia – 9 Oct 2012

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