Property and finance veteran Lim Hua Tiong named first Frasers Property Vietnam CEO
FRASERS Property has on Monday appointed Lim Hua Tiong as its first chief executive officer of Frasers Property Vietnam.
He will be based in Ho Chi Minh City, and will report to Panote Sirivadhanabhakdi, group chief executive officer of Frasers Property.
Mr Lim has close to 20 years of experience in the property and finance sectors, and was most recently chief executive officer, Vietnam for CFLD International, and general manager of Vietnam for CapitaLand.
"Having experienced firsthand the energy of Vietnam's economy and the vibrancy of its real estate market, I look forward to working with Frasers Property's experienced team on the ground and colleagues across the group to execute our strategy for Vietnam," he said.
Frasers Property's presence in Vietnam includes two Ho Chi Minh City properties: Me Linh Point Tower, a 21-storey retail and commercial development, which is a joint venture with Saigon Beer Alcohol and Beverage Corporation; and Q2 Thao Dien, its own commercial-residential mixed-use development.
Mr Lim's appointment follows Frasers Centrepoint Asset Management's appointment of Richard Ng as chief executive officer-designate in April.
Frasers Property shares were down 1.59 per cent, or S$0.03, at S$1.86 as at 1.35pm.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results