PROPERTY developer GuocoLand has appointed Sim Chee Wah as its new group chief financial officer (CFO), effective Tuesday.

He will be responsible for all financial matters of GuocoLand, including financial reporting, taxation, risk management and treasury functions, the group disclosed in a regulatory update on Tuesday.

Mr Sim replaces former group CFO Lim Yoke Tuan who resigned in July to "pursue other career opportunities".

Before his appointment at GuocoLand, Mr Sim was the deputy chief executive and head of investor relations at SingHaiyi. He had been with the real estate group since 2016 and was its CFO from January 2016 to March 2019.

He also held stints at FEO Hospitality Asset Management, the real estate investment trust manager of Far East Hospitality Trust, as well as at Far East Organization.

Shares of GuocoLand closed at S$1.39 on Tuesday, down S$0.03 or 2.1 per cent, before the announcement.

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