Jason Leow, CEO of CapitaLand Development, steps down

CHIEF executive officer (CEO) of CapitaLand Development Jason Leow will retire and relinquish his position, said CapitaLand Group in a statement on Thursday (Mar 23).

He will be succeeded by CapitaLand Investment’s chief executive officer of listed funds, Jonathan Yap, 56, from Jun 5. CapitaLand said Leow, 57, is retiring after 29 years of service with CapitaLand Group.

He served as the first CEO of CapitaLand Development when the group’s real estate arm was established in September 2021.

Chairman of CapitaLand Group Wong Kan Seng thanked Leow for his contributions to the group.

He said: “Jason has been instrumental in leading the growth of CapitaLand’s business in Singapore, China and Vietnam, building the leadership bench strength and fostering a strong culture of teamwork.”

From Jun 5, Leow will be appointed an adviser to CapitaLand Group.

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His successor, Yap, joined CapitaLand in July 2019. Yap currently oversees the growth and management of CapitaLand Investment’s listed funds platform, its asset operating platforms in Singapore and Malaysia, as well as its India business.

Group CEO of CapitaLand Investment Lee Chee Koon will take over from Yap to directly oversee the real estate investment manager arm’s Reits platform.

Shares of CapitaLand Investment closed 0.9 per cent or S$0.03 lower at S$3.52 on Thursday.