The manager of AIMS APAC REIT (AA REIT) has announced that Koh Wee Lih will be stepping down from his role as executive director and CEO of the manager effective November 28.
In a filing to the Singapore Exchange (SGX) on September 8, the manager stated that Koh has tendered his resignation to “pursue other professional interests”. Koh had been appointed as CEO in January 2014.
Russel Ng has been appointed as CEO-designate with immediate effect. He will assume the role of CEO of the manager on November 29, subject to obtaining the relevant regulatory approval.
See also: AIMS APAC REIT issues $250 mil subordinated perpetual securities with coupon of 5.375% p.a.
Prior to being appointed as CEO-designate, Ng was the head of investor relations, investments & partnerships of the manager, where he was responsible for AA REIT’s investment activities, strengthening investor relationships and developing new capital and business partnerships.
Before joining AA REIT in September 2020, Ng had worked at Lendlease Investment Management (Singapore), where he served as head of funds, Asia. He has also held roles at AEP Investment Management and Soilbuild Business Space REIT.
Units in AA REIT closed 1 cent of 0.63% lower at $1.59 on September 7.
Photo: AA REIT
