Edmund Tie appoints Desmond Sim as deputy CEO

DESMOND Sim will take on the role of deputy chief executive officer with effect from June 1, before taking the reins as chief executive from July onwards, Edmund Tie & Company (SEA) announced on Thursday.

Mr Sim will take over from current chief executive Ong Choon Fah, who has been the real estate consulting firm's CEO since May 2015. The Business Times had reported the potential move earlier in March.

He has more than 20 years of experience in the industry, with expertise in research and consulting, valuation, fund management and business development.

Before joining Edmund Tie, the veteran was head of research for South-east Asia at CBRE.

Ms Ong said Mr Sim's skill set was "underpinned by global exposure and an intimate appreciation of markets in Singapore and South-east Asia", and that he is "poised to take the company onto its next lap".