UPDATE: Singapore executive moves: DBS taps Soh Kian Tiong as chief risk officer; CapitaLand Investment

DBS Bank branchDBS Bank branch

These are Singapore companies which announced personnel changes on Monday, 25 October 2021: DBS and CapitaLand Investment.

This item was originally published on Monday, 25 October 2021 at 8:54 a.m. SGT. It has since been updated to include Lendlease Global Commercial REIT and Olive Tree Estates. 

DBS

DBS Group said Monday career DBS banker Soh Kian Tiong would become the bank’s chief risk officer, effective 4 November.

Soh has more than 25 years’ experience in business and risk roles, the bank said in a filing to SGX. He has been based in Hong Kong as senior risk executive for DBS Hong Kong since June 2019, while also holding the role of chief credit officer for Greater China, overseeing credit and risk functions in Hong Kong and mainland China, and credit risk for Taiwan, DBS said.

Soh started at DBS in 1995 as a trainee officer in the corporate banking department, the filing said.

The current chief risk officer, Tan Teck Long, will be leaving the bank to return to a customer facing role, DBS said.

CapitaLand Investment

CapitaLand Investment said Monday Patrick Boocock, age 48, would take up the role of CEO of private equity alternative assets, effective Monday.

“He will be responsible for building and growing the company’s private fund business in alternative assets, such as private credit, real estate infrastructure including data centers and social infrastructure, and other fund products that will expand the company’s unlisted fund portfolios,” the company said in a filing to SGX.

Since February 2021, Boocock had been the managing partner for infrastructure at Brookfield Asset Management in Sydney, Australia, and from January 2017 to February 2021, he was the managing partner and head of Asia at Brookfield Asset Management in Tokyo, Japan, the filing said.

The company has previously announced the appointment, without providing the effective date.

Lendlease Global Commercial REIT

Lendlease Global Commercial REIT‘s manager said Monday it appointed Justin Marco Gabbani, age 40, as non-independent non-executive director, and as a member of the audit and risk committee, effective Tuesday

Gabbani is currently the CEO for Asia for Lendlease; he joined the company in Sydney in 2003 and has been based in Singapore since 2011, the REIT’s manager said in a filing to SGX. Gabbani holds 441,000 units of the REIT, the filing said.

Anthony Peter Lombardo, age 47, is stepping down from the role after becoming Global CEO for Lendlease Group on 1 June. Lombardo holds 2 million units of the REIT, the filing said.

Olive Tree Estates

Olives Tree Estates said Monday Goh Kang Hsien Evangeline, age 44, has resigned as assistant director of partnerships to focus on her personal commitments, effective 19 November.

“The company is willing to bring forward her cessation date to a mutually agreed date subject to her completion of handover of her existing responsibilities to the existing team,” Olive Tree Estates said in a filing to SGX.

 

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