CapitaLand re-organises structure; announces new appointments

CapitaLand chief executive officer Lim Ming Yan who took over the helm on Jan 1 has re-organised the property player into four main business units.

These will be CapitaLand Singapore, CapitaLand China, CapitaMalls Asia and The Ascott Limited.

CapitaLand Singapore and CapitaLand China will cover all the group's businesses here and in China respectively with some exceptions. CapitaMalls Asia and The Ascott which own and manage shopping malls and serviced residences respectively will cover all the countries that CapitaLand is in.

There have also been changes to senior mangement. For example, Mr Olivier Lim is now the group deputy CEO of CapitaLand. Mr Tan Seng Chia has been appointed the group chief corporate officer. Mr Arthur Lang will continue as group chief financial officer. Mr Chong Lit Cheong has been appointed CEO, regional investments.