Singapore, 8 December 2022 – CapitaLand Investment Limited (CLI) announced today key executive appointments to expand its leadership team and accelerate its ongoing transformation and growth as a global real estate investment manager.
Mr Andrew Lim, currently Group Chief Financial Officer (Group CFO), will assume the newly created position of Group Chief Operating Officer (Group COO) with effect from 1 January 2023. Mr Paul Tham, currently Deputy Group CFO, will succeed Mr Lim as Group CFO on the same day.
As Group COO, Mr Lim will play a critical role to facilitate and steward CLI’s deal sourcing, investment and operations in the various markets across the Group’s fund and lodging platforms, enabling CLI to more effectively connect investors to our various fund and REIT vehicles in line with their investment mandates and interests. He will oversee the China business under the leadership of Puah Tze Shyang, CEO, CLI China, as well as CLI’s businesses in Japan, Korea, Australia, Europe and USA, leveraging the company’s on-the-ground expertise to quickly capture attractive investment opportunities in the various markets. Mr Lim will also oversee sustainability, risk management and compliance across the Group.
As Group CFO, Mr Paul Tham will oversee CLI’s finance, capital management and strategy. Mr Tham joined CLI in December 2021 and has significant experience in finance, capital markets and real estate in Singapore and internationally.
In addition, CLI announced three other newly created roles and appointments.
Ms Janine Gui, currently Managing Director & Head of Group Strategic Investment, has been appointed Chief M&A Officer. Ms Kng Hwee Tin, currently CEO, China Capital Markets and CEO, Finance & Corporate Services, CLI China, has been appointed Group Chief Risk Officer. Both Ms Gui’s and Ms Kng’s appointments are effective 1 January 2023. The company also announced that Ms Quah Ley Hoon joined as Chief People and Culture Officer on 1 December 2022.
Mr Lee Chee Koon, Group CEO, CLI, said: “Building and strengthening our company’s leadership team and capabilities is a priority for CLI as we transform and grow as a global real estate investment manager. These appointments demonstrate CLI’s proactive and disciplined focus on succession planning and talent management. CLI will continually renew and expand its management bench strength to bring onboard experienced talent both at the corporate level and in our business units, as well as grow our talent from within.”
“I am appreciative of Andrew’s leadership as a key architect in driving several major corporate actions in the past few years in his role as Group CFO, and supporting the company through challenging times as it steered through COVID-19 disruptions, geopolitical tensions and economic uncertainties. I am pleased that Andrew has found a capable successor in Paul, who has been a key contributor to our strategy and financial transformation efforts over the past year. With these appointments, I am confident that we will be able to run our business even more effectively and better position CLI for success as we expand internationally. I look forward to the ongoing contributions of our leaders and their teams to achieve organisational excellence in CLI and drive long-term sustainable value for all our stakeholders.”