People on the move: Jan 15-18

By EdgeProp Singapore

/ EdgeProp Singapore |

January 18, 2024 12:00 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

Frasers Property and ThaiBev make key leadership movements

Frasers Property Ltd (FPL) has announced several key leadership changes aimed at simplifying the organisational structure to build a “more resilient and future-ready” group. The changes will take effect from Feb 1.

The news comes after FPL issued a statement on Jan 12 to deny any rumours that the company’s majority owners could sell the company or some of its assets as part of a strategic review.

“The group has grown rapidly over the years,” says Panote Sirivadhanabhakdi, Group CEO of FPL. “After a decade of reshaping our portfolio and building competitive business platforms, we are entering the next phase of our journey. We will continue to focus on developing long-term sustainable value creation and returns for the business. The organisational structure of the group needs to support the delivery of our strategy and goals.”

Panote Sirivadhanabhakdi, Group CEO of Frasers Property Ltd (Photo: The Edge Singapore)

On Jan 15, FPL announced three promotions and two role expansions.

Anthony Boyd, the Sydney-based CEO of Frasers Property Australia, will be made group COO, a newly-created role.

Vicki Ng was named group chief people officer.

Cameron Leggatt, currently executive general manager of development at Frasers Property Australia, will be promoted to CEO of Frasers Property Australia. Leggatt will oversee Frasers Property’s development and investment operations in Australia across the mixed-use, residential, commercial and retail sectors. He is also responsible for the Australi- an investment property portfolio management.

Zheng Wanshi will be appointed group chief strategy & sustainability officer from her current role as group chief strategy & planning officer.

Lim Hua Tiong, CEO of Frasers Property Vietnam and One Bangkok, will take on the expanded role of CEO of emerging markets in Asia. Lim will be tasked to build upon and create synergies across Thailand, Vietnam, China, and key emerging markets in which Frasers Property sees opportunities and potential.

Soon Su Lin, CEO of Frasers Property Singapore; Ilaria del Beato, CEO of Frasers Property UK; Reini Otter, CEO of Frasers Property Industrial; and Eu Chin Fen, CEO of Frasers Hospitality, will remain in their roles.

Meanwhile, Chia Khong Shoong, group chief corporate officer, and Lorraine Shiow, CEO of Frasers Property China, will leave FPL. Chia, who has been with the company for 15 years, will leave on March 1. Shiow, who has been with the company for 11 years, will leave on the same day.

These changes at Frasers Property were announced just days after Thai Beverage (Thai- Bev), listed on the Stock Exchange of Thailand and controlled by the same Sirivadhanabhakdi family, announced its own slew of changes.

On Jan 10, ThaiBev named Thapana Sirivadhanabhakdi, the director and group CEO of ThaiBev, a redesignation from his current role as ThaiBev’s director, president and CEO. He has also been made vice chairman of the executive committee.

The group appointed two presidents and COOs who will report to ThaiBev’s group CEO. Kosit Suksingha, ThaiBev’s executive vice president, has been appointed as president and group COO — Thailand, overseeing the group’s operations within Thai- land. Suksingha takes over the group COO — Thailand role from Ueychai Tantha-Obhas, who will be appointed executive committee vice chairman.

Prapakon Thongtheppairot, executive vice president at ThaiBev, will be appointed pres- ident and group COO — International. In his

new role, Thongtheppairot will oversee the group’s operations outside of Thailand, in addition to his current roles as group CFO and chief spirit product group. He also remains a member of the executive committee.

Dr Pisanu Vichiensanth has also been appointed vice chairman of the executive committee.

The changes made to ThaiBev’s leaders will be effective from June 27.

OrangeTee’s key promotions, expansion

Christine Sun has been appointed chief researcher and strategist of OrangeTee Group (Photo: OrangeTee)

Christine Sun, senior vice president of research & analytics, has been appointed chief researcher and strategist of OrangeTee Group. Sun has been with the property agency for six years and has over 20 years of experience in research and consultancy, property development, marketing and corporate communications in the real estate and public sector.

Stella Seow has been promoted to head of valuation and advisory and senior executive director of OrangeTee Group.

OrangeTee intends to increase its presence overseas, especially in Japan, where it is collaborating with its longtime shareholder, Tokyu Livable, one of Japan’s largest real estate companies. The collaboration “comes at an opportune time” as the Japanese property market has been on the radar of Singapore, owing to a relatively weaker yen and growing demand in the logistics and hospitality space. Singapore investors are the top foreign buyers in the Japanese real estate market in 2023, having purchased $3 billion worth of property investments.

This year, the group is also expanding its footprint in other countries such as Australia, Malaysia, and the UK.

Real estate veterans Cheryl Huan and Yong Choon Fah join Brilliance Capital

Yong Choon Fah (left) and Cheryl Huan, real estate veterans with more than 30 years' experience each have joined Brilliance Capital (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Niche real estate agency Brilliance Capital has announced two new hires: Cheryl Huan and Yong Choon Fah. Both have over 30 years of experience in the real estate industry.

Before joining Brilliance Capital as senior director, Huan was heading the business space portfolio at Singapore’s largest private property developer, Far East Organization. While at the firm, she also occupied key positions in residential sales, leasing, marketing and operations. Huan will focus on commercial and industrial sales and leasing in her new role at Brilliance Capital.

Yong has 38 years of experience in valuation, real estate investment and advisory services. She joins Brilliance Capital from global real estate advisory firm JLL, where she spent over 11 years as a senior consultant. Over the years, Yong handled over $8 billion worth of investment sale transactions. She also has experience in leasing industrial and residential projects. She was one of the key leaders at the former Credo Real Estate, a market specialist in collective sales acquired by JLL in 2012.

As senior associate director at Brilliance Capital, Yong will extend her expertise and skills in the land and investment sector.

Anson Tay joins SRI as managing partner of international project marketing

Anson Tay has joined SRI as a managing partner of international project marketing (Photo: SRI)

SRI, Singapore’s fifth largest real estate agency by the sales force, announced that Anson Tay had joined the firm as managing partner of international project marketing with effect from Jan 16.

Tay previously served as head of international market at PropNex for 11 years, marketing developments from Australia, the UK, Japan, Malaysia, Vietnam and Cambodia to Singapore buyers.

SRI has been appointed to represent over 10 projects in key markets in Australia, the UK, Japan, Malaysia, Indonesia and Dubai.

Tags: