IOI Properties names ex-Frasers China exec as Singapore CEO
The role is part of the property developer’s long-term plans to expand its Singapore portfolio
IOI Properties has appointed Lorraine Shiow as its first chief executive officer of its Singapore operations, it said on Monday (May 27).
The appointment is part of the Malaysia property developer’s long-term plans to expand its Singapore portfolio. As CEO, she will be responsible for driving growth in the Republic, including spearheading new strategies to drive performance and bolster IOI’s reputation in the market.
She will report to IOI’s group CEO Lee Yeow Seng.
Prior to IOI, Shiow was CEO at Frasers Property China, where she was responsible for the group’s residential, commercial and logistics business, as well as investment and business development in China. She was also the chief operating officer of Frasers Property’s Singapore and South-east Asia operations, and its executive vice-president for international markets.
She also doubled as Frasers Property’s acting chief operating officer for Singapore residential from 2021 to 2022.
She brings over three decades of experience in leadership roles across the Asia-Pacific real estate development and fund management industries, IOI said.
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Before Frasers Property, Shiow held stints at ARA Asset Management, ING Real Estate Asia, CapitaLand (Financial) and IPREAM, a joint venture company between CapitaLand and ING Real Estate.
“With an expanding portfolio, IOI Properties Singapore demonstrates its commitment to the Singapore market with the bolstering of bench strength in its Singapore office,” the group added.
The group appointed David Tibbott as its managing director for asset management in March. He will oversee the completion of IOI Central Boulevard Towers, the group’s flagship development and largest local project to date.
IOI Properties owns about RM36.1 billion (S$10.3 billion) in assets across the Singapore, Malaysia and China markets. Its Singapore arm comprises 64 per cent of the group’s properties by market value.
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