The real estate company has hired a China specialist to support the firm's development in China.
Singapore-based real estate company CapitaLand has hired former OCBC head of China, Kng Hwee Tin to the newly created role of CEO, finance and corporate services, China.
She will start on October 1 and will be based in Shanghai, «The Business Times» reported (behind paywall). She reports to Andrew Lim, group chief financial officer and Lucas Loh, president, CapitaLand (China). In her role, she will oversee CapitaLand's finance, treasury, corporate finance and tax, communications, general procurement, and legal functions in China.
Kng's career with OCBC began more than three decades ago. During this time, she has held a range of responsibilities in risk management, and was also the bank's head of group audit. Most recently, she was the executive director and CEO of OCBC Bank (China), a role she has held since December 2012.
Global Presence
According to its website, CapitaLand owns and manages a global portfolio of S$129.1 billion ($93.56 billion), which includes 1,067 properties in 206 cities, as of 30 June 2019.
Last week, CapitaLand opened Raffles City Chongqing, the eighth Raffles City in China. The 1.2 million square foot mixed-use development received over 900,000 visitors on its opening weekend.
