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New chief executive for the Ascott

February 29, 2016 • admin

CapitaLand has announced its wholly-owned serviced residence business unit, The Ascott, has appointed Lee Chee Koon as its chief executive with effect from June 1st 2013.

He will succeed Chong Kee Hiong who has resigned to pursue other opportunities.

Chong will step down as Ascott’s chief executive and as a non-independent non-executive director from the board of Ascott Residence Trust Management, the chief of Ascott Residence Trust, with effect from June 1st 2013.

Lee will take over Chong at the board of ARTML, subject to approval from the Monetary Authority of Singapore.

Lim Ming Yan, president and group chief executive of CapitaLand said: “We thank Kee Hiong for his contributions to CapitaLand.

“The decision to depart isn’t a very simple one for him and for us but we fully respect Kee Hiong’s decision to pursue a better stage of his career.

“Kee Hiong has served the corporate for 12 years and have been instrumental in leading the expansion of Ascott and Ascott Residence Trust.

“We wish him the whole best in his future endeavours.”

He added: “With Chee Koon’s extensive experience in strategy development and his wealth of data in operations, we’re confident that he’s going to lead Ascott to further strengthen its position as a worldwide leader within the serviced residence industry.”

Lee will relinquish his current appointments as Ascott’s deputy chief executive and managing director for North Asia.

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