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FRASERS Hospitality has appointed Mak Hoe Kit as its new chief investment officer.
Mr Mak will oversee the investment and acquisition strategy of hospitality assets. His responsibility will also include enhancing the group's non-Reit assets to maximise their investment potential. He also has to develop the business growth and expansion strategy.
The previous chief investment officer, Eu Chin Fen, has moved to become the chief executive officer of the manager of Frasers Hospitality Trust, which was listed on Singapore Exchange's mainboard last July.
Mr Mak has joined Frasers Hospitality from private-equity fund manager Northstar Group, where he was executive director (real estate) for the Southeast Asia region.
His prior experience includes executive director and co-leader for real estate deals at Ernst & Young; senior vice-president of direct investments & private equity at Pacific Star; and director of business development & asset management for IndoChina at The Ascott Group.
He has executed deals in the region in various asset classes exceeding US$3 billion, Frasers Hospitality said.