The managers of Frasers Hospitality Real Estate Investment Trust (FH-REIT) and Frasers Hospitality Business Trust (FH-BT) have appointed Eu Chin Fen as their new CEO.
Eu will replace outgoing CEO Colin Low, whose last day of service is April 9. Eu’s appointment will be effective April 10.
Eu is currently the chief investment officer (CIO) and has held the role since July 2019.
In her role as CIO, Eu assists the CEO of the Frasers Property Limit’s hospitality strategic business unit.
Eu joined the Frasers Property group in 2011 and she was also the CEO of the managers at the time Frasers Hospitality Trust (FHT) was listed in July 2014 until June 2019.
“Chin Fen has an intimate understanding of FHT. She was instrumental in growing FHT’s initial portfolio of $1.67 billion to $2.40 billion, before relinquishing her role in June 2019,” says Law Song Keng, chairman of the managers.
“Her familiarity with FHT and in-depth knowledge of the real estate investment trust sector will provide stability to FHT, as it navigates through the pandemic. The Board looks forward to working closely with Chin Fen and her team, as we continue to position FHT for an eventual recovery,” he adds.
Before joining the Frasers Property group, Eu was senior vice president of the asset-backed securitisation team at DBS Bank.
She was involved in various initial public offerings and secondary fundraising projects, including the listing of Frasers Centrepoint Trust and Mapletree Industrial Trust, and the secondary fundraising for CapitaLand Mall Trust, Mapletree Logistics Trust and CDL Hospitality Trusts, among others.
Shares in FHT closed 0.5 cent higher or 0.9% up at 56 cents on April 8.
