SINGAPORE - The manager of Cambridge Industrial Trust has appointed Adrian Chui as its chief executive officer and executive director effective Friday (March 24).

Mr Shane Hagan, who served as the acting CEO since Mr Philip Levinson's resignation in November 2016, will now resume his original role of chief operating officer and chief financial officer.

Mr Chui, a Singaporean, is responsible for CIT's fiduciary duties to unitholders as well as management of major stakeholder relations, the Reit manager announced on Friday.

A veteran in real estate investment, he most recently ran both the South East Asia real estate advisory and the Singapore corporate banking divisions of Standard Chartered Bank.

Before that, Mr Chui was director of real estate, lodging and leisure group at UBS Investment Bank Singapore and director of research at Morgan Stanley Asia (Singapore) Securities Pte Ltd.

Prior to his years in banking, he was with CapitaCommercial Trust Management Ltd and was one of the pioneer management team members of Ascendas-MGM Funds Management Ltd (now known as Ascendas Funds Management Limited), the manager of Ascendas Real Estate Investment Trust.