A group of four senior executives and a senior manager have resigned from Colliers International Singapore.
Executive director Tan Boon Leong, who heads the industrial unit, and four others in his team are said to be joining rival firm Knight Frank Singapore in March. An employee who handles the team's administrative matters, Ms Jasmine Yap, has also resigned to join Knight Frank Singapore.
The other senior staff are Mr Ng Ee Kiat, Mr Alvin Teng Jenn Chyou, Mr Gerald Quek Chin Chiat and Ms Lim Poh Gheok.
Mr Tan, who has been with Colliers for about 22 years, would only confirm that six people from his team, including himself, have resigned and are serving their notice.
We are rebuilding and refocusing the business to align with long-term strategies. In the process, there could be elevated expectations which, perhaps, some people may be uncomfortable with.
MS TANG WEI LENG, managing director of Colliers Singapore
The company's website states that Mr Tan joined the company in 1994 and is one of the top revenue generators. It also said he plays a "dynamic role in building and pushing Colliers' strong reputation in the industrial market to greater heights".
He currently heads a team of seven in the sale and leasing of industrial properties at Colliers.
According to an industry source, Mr Tan will be heading the industrial department of Knight Frank Singapore, which currently has about five employees.
Mr Tan's resignation comes after a spate of departures, following former Colliers managing director Dennis Yeo's resignation last July.
This month, the firm's deputy managing director, Mr Calvin Yeo, and executive director Stella Hoh, who is also the head of investment services, also quit.
Colliers Singapore managing director Tang Wei Leng told The Straits Times yesterday: "We are rebuilding and refocusing the business to align with long-term strategies. In the process, there could be elevated expectations which, perhaps, some people may be uncomfortable with. There are some departures, but I won't speculate if more people will go."
Ms Tang added that Mr Michael Bowens from corporate solutions will assume the responsibilities of the industrial team. Mr Bowens, who was previously with the Shanghai office, will "restructure and rebuild the team", she said, adding that she is looking out for talented individuals to join the firm.