Executive moves: GuocoLand taps new CFO and asset manager

GuocoLand, HSBC and Bank of China buildings at dusk in Singapore; taken August 2018.GuocoLand, HSBC and Bank of China buildings at dusk in Singapore; taken August 2018.

Singapore executive changes: GuocoLand Ltd.

GuocoLand said Wednesday that it has tapped two new senior executives: a new chief financial officer and a newly created role of group general manager for asset management.

The company has named Andrew Chew Kwang Ming, age 48, for the role of group chief financial officer, effective 1 January 2022.

Chew has been the chief financial officer of GuocoLand Singapore from July 2017 to the present, and the group financial controller from July 2013 to June 2017, the filing said.

GuocoLand said Chew was “instrumental” in securing the group’s first green loan of S$730 million in 2020 for the Midtown Modern project, and he has also been driving the group’s digitalization and sustainability efforts.

New general manager for asset management

Valerie Wong has been named to the new role of group general manager for asset management, which includes overseeing GuocoLand’s growing portfolio of investment properties, including assets in Singapore, China and Malaysia, the filing said.

She was previously the general manager of GuocoLand’s Singapore commercial operations, the filing said.

Cheng Hsing Yao, CEO of GuocoLand Group, said: “With the upcoming Guoco Midtown in Singapore and soon-to-be-completed Guoco Changfeng City in Shanghai, the group’s investment portfolio is set to grow. Having successfully established GuocoLand’s investment business in Singapore, Valerie will have an enlarged role looking at the group’s investment assets and business.”

The developer said Sim Chee Wah, age 53, would resign as group chief financial officer, effective 31 December, to pursue personal interests. He was appointed to the role in August 2020, the property developer said.