UPDATE: Singapore executive moves Tuesday: CLCT taps Puah Tze Shyang as director; CapitaLand Investment

CapitaLand China Trust entered a deal in October 2021 to acquire a Chengdu logistics property. Credit: CapitaLand InvestmentCapitaLand China Trust entered a deal in October 2021 to acquire a Chengdu logistics property. Credit: CapitaLand Investment

These are Singapore companies which announced personnel changes on Tuesday, 26 October 2021: CapitaLand China Trust.

This item was originally published on Tuesday, 26 October 2021 at 10:47 a.m. SGT; it has since been updated to include CapitaLand Investment and Pacific Andes Resources Development.

CapitaLand China Trust

CapitaLand China Trust‘s manager has appointed Puah Tze Shyang, age 49, as non-executive non-independent director and as a member of the executive committee, according to a filing to SGX Tuesday.

Puah is currently the CEO of CapitaLand Investment (China), overseeing CapitaLand Investment‘s business in China, including investment, fund management and commercial management, the filing from CapitaLand China Trust Management said. He has held that role since July 2019, the filing said.

“With his working experience in China and credentials, Mr. Puah will be able to share his perspectives of the China market and contribute to the board’s deliberations,” the trust’s manager said in the statement.

CapitaLand Investment

CapitaLand Investment said Tuesday it has appointed Simon Treacy, age 53, as CEO of private equity real estate, effective 27 October.

Treacy will be responsible for driving growth in assets under management (AUM) and funds under management (FUM) for the company’s private real estate business, the company said in a filing to SGX.

From January 2018 to February 2020, Treacy was president for Hawaii at Howard Hughes Corp., and from October 2013 to December 2017, he was the managing director, global chief investment officer and head of U.S. real estate for Blackrock in New York, the filing said.

CapitaLand Investment had previously announced the appointment, without providing an effective date.

Pacific Andes Resources Development

Pacific Andes Resources Development said Tuesday Bertie Cheng Shao Shiong, a long-standing independent non-executive director, passed away on 22 October. He was appointed to the board in 1997, the company said in a filing to SGX.

“Cheng’s advice was always highly valuable to the board’s deliberations, and delivered with great energy and dedication. His contribution will be sadly missed,” the statement said.


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