CDL appoints Grant Kelley to newly created CEO post

CITY Developments Ltd (CDL) wants to accelerate its overseas growth engines and has appointed Grant Kelley, formerly from Apollo Global Management and Colony Capital, as its CEO. The move is seen as a major step in succession planning at the property and hotel group.

The chief executive post that the 49-year-old Australian will assume from Feb 17 is a newly created one at CDL, which last year marked its 50th anniversary.

The group's managing director, 60-year-old Kwek Leng Joo, will relinquish his current post to assume the role of deputy chairman, another newly minted post. His elder brother, Leng Beng, 72, remains executive chairman.