Former Stanchart banker joins CIT manager as CEO

FORMER Standard Chartered banker Adrian Chui has been appointed the chief executive officer and executive director of Cambridge Industrial Trust Management, the manager of Cambridge Industrial Trust (CIT), effective March 24, 2017.

Shane Hagan, who served as the acting CEO since Philip Levinson's resignation in November 2016, will now resume his original role of chief operating officer and chief financial officer.

Mr Chui reports to the board and is responsible for CIT's fiduciary duties to unitholders as well as management of major stakeholder relations. His key responsibilities include setting the strategic objectives for CIT alongside the board as well as driving the overall business plan execution with the support of the management team.

At Stanchart, Mr Chui ran both the South-east Asia real estate advisory and the Singapore corporate banking divisions. Before Stanchart, he worked in various banks and financial institutions in Singapore including UBS Investment Bank Singapore and Morgan Stanley Asia (Singapore) Securities Pte Ltd.