Based in Singapore, real estate company CapitaLand Limited announced yesterday several key executive appointments that will support its next phase of expansion, including Tan Seng Chai, group chief people officer.
According to the release, the group is looking to scale up by deepening its capabilities across asset classes and geographies, in order to achieve sustainable competitive advantage to ride the waves of economic and technological changes ahead. Other than Tan’s appointment, the following new roles and management changes will take effect from 1 January 2018:
- Jason Leow Juan Thong, group chief operating officer, CapitaLand Limited
- Lee Chee Koon, group chief investment officer, CapitaLand Limited
- Ng Kok Siong, group chief digital officer, CapitaLand Limited
Commenting on these new appointments, Lim Ming Yan, president and group CEO of CapitaLand Limited, said: “With global dynamics and technological advancements disrupting traditional business models, CapitaLand’s human capital must grow in tandem to drive the transformation of the Group. These new leadership appointments reflect the integration of CapitaLand’s management bench strength development with the redesign of our corporate strategies.”
“With these new strategic thrusts, CapitaLand wants to address not just the immediate challenges, we are putting our sights further to anticipate the long-term trends.What we have is a readiness for change, and a willingness to learn, unlearn and relearn. We may not be able to predict the future, but we can prepare; as being prepared will be CapitaLand’s greatest competitive advantage,” he added.
With the new appointments of Leow and Lee, Wilson Tan Wee Yan will take over as chief executive officer of CapitaLand Mall Asia, while Kevin Goh Soon Keat will assume the position of chief executive officer of Ascott respectively.
Lynette Leong Chin Yee will also be appointed as chief executive officer of CapitaLand Commercial, effective 1 November 2017. CapitaLand Commercial, a wholly owned business unit of CapitaLand, will focus on growing a global office operating platform for the group, including capabilities relating to co-working space and the future of work. Kevin Chee Tien Jin will succeed Lynette Leong as chief executive officer of CapitaLand Commercial Trust Management Limited on 1 November 2017.
Additionally, Lim commented: "CapitaLand is well-placed to manage the major structural changes the world is facing, and make the most of the opportunities these changes bring. We are strengthening our investment portfolios across various geographies as well as our operating platforms within each asset class.”
“At the same time, we are reinforcing our physical and virtual real estate connections to create an omni-channel business model integrating offline and online. As we continue to build strong and deep capabilities, CapitaLand will be able to readily scale up for expansion as well as create exceptional value and experience for our investors and customers,” he concluded.
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