Frasers Property Group appoints new CEOs of Frasers Hospitality and Reit managers

FRASERS Property : TQ5 0% on Friday (Jan 13) announced new chief executives for business unit Frasers Hospitality, and the managers of its real estate investment trust (Reit).

Eu Chin Fen, the chief executive of the managers of Frasers Hospitality Trust : ACV 0%(FHT) – namely Frasers Hospitality Business Trust (FH-BT) and Frasers Hospitality Reit (FH-Reit) – has been appointed as chief executive of Frasers Hospitality.

Eu will be responsible for the group’s hospitality business unit, which is currently led by Frasers Property group chief executive officer Panote Sirivadhanabhakdi.

She was previously the chief investment officer of Frasers Hospitality International from July 2019 to April 2021 and joined the group in 2011.

Eric Gan, current chief financial officer (CFO) of FH-BT and FH-Reit, will succeed Eu as the chief executive of the managers.

Gan will be responsible for the overall business, investment and operational strategies of FHT, FH-BT and FH-Reit, and will work closely with the boards of the managers.

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Before joining the managers, Gan was the CFO of the OUE Hospitality Reit’s manager and Meritus Hotels and Resorts (Hospitality Division) of OUE.

Liu Qingbin has also been appointed as head of finance of the managers and will report to Gan. He will be responsible for the financial and capital management of the Reit.

Liu was the senior vice-president of Sabana Shari’ah Compliant Industrial Reit’s manager prior to joining the managers.

Panote said that the appointments reinforce the effectiveness of the company’s executive development and is part of its strategic talent and succession planning.