CapitaLand forms new executive committee, business structure

By EdgeProp | May 27, 2019 6:22 PM SGT
CapitaLand has made several key executive appointments effective July 1, in line with its new business organisation structure following its Ascendas-Singbridge acquisition, it announced today.
The acquisition, set to be completed by end-June, will see CapitaLand having over $123 billion of assets under management, it highlighted.
A CapitaLand Executive Committee (CL Exco) will be formed to provide strategic business planning and organisation integration, and will be led by group CEO Lee Chee Koon. Its members include:
  • Manohar Khiatani, senior executive director. He will assist the group CEO in matters relating to organisation integration, India and the business park businesses. Khiatani is currently deputy group CEO of Ascendas-Singbridge.
  • Jason Leow, president, Singapore & International. He will oversee the business and growth of CapitaLand Group in Singapore and internationally, excluding China and India.
  • Lucas Loh, president, China. He will oversee the business and growth in the region. Both Leow and Loh will drive growth across diversified real estate classes including commercial; retail; business park, industrial and logistics; integrated development, urban development and residential.
  • Jonathan Yap, president, CapitaLand Financial. He will oversee the Group’s REITs and business trusts, as well as private and third-party funds. He will also oversee the Group’s India business. He is currently the group chief operating officer and group chief financial officer of Ascendas-Singbridge.
  • Tan Seng Chai, chief corporate & people officer. He is currently group chief people officer.
  • He Jihong, chief corporate strategy officer. She will identify strategic business focus areas and formulate corporate strategies to ensure long-term sustainable business results for the Group. She is currently chief investment officer of Ascendas-Singbridge.
  • Lynette Leong, chief sustainability officer. She will be responsible for the Group’s sustainability strategy and policies, and integrating them into its business and operations’ strategic environmental, social and governance efforts at various stakeholder levels. She is currently chief business innovation officer.
  • Wen Khai Meng, senior advisor, group strategy.
  • Andrew Lim, who will remain as group chief financial officer.
  • Kevin Goh, who will continue as CEO of The Ascott Limited to oversee the growth of CapitaLand’s lodging business.
CapitaLand will also set up a Group Centre of Excellence (COE) to focus on building capabilities, innovation and setting standards for business sectors and operating platforms that the group participates in. The COE’s focus areas comprise urban strategy, business communities development, retail innovation, customer services & solutions, sustainability and digital & technology.
Khiatani will oversee the COEs for business communities development and customer services & solutions. Leow will oversee the COE for retail innovation, and Loh will oversee the COE for urban strategy.