The manager of Keppel Infrastructure Trust (KIT) A7RU has appointed Kevin Neo as its deputy CEO.
Neo will take over the reins as the manager’s CEO from Jopy Chiang on Oct 1. Chiang. Chiang, who was named as the CEO of KIT’s manager in June 2021, will assume the role of chief investment officer (infrastructure) at Keppel Corporation BN4 .
Neo, aged 43 years old, is currently a senior member of KIT’s trustee-manager’s investment team. He joined Keppel in 2016 and has over 16 years of experience across a wide range of infrastructure assets. Neo also comes with over $7 billion of transaction and advisory experience in the developed and emerging markets across the Asia Pacific (APAC) region, Europe and the Middle East.
Neo has also led the investment for several of KIT’s major transactions including the trust’s acquisition of a stake in German offshore wind farm, Borkum Riffgrund 2, and Korean waste management company, Eco Management Korea. Neo also led the acquisition of Australian water treatment and chemical distribution company, Ixom, during his time at KIT.
“As part of succession planning, the board has identified Kevin to take over from Jopy. Kevin’s successful track record in investments, portfolio management as well as mergers and acquisitions will help to position KIT for its next phase of growth,” says Daniel Ee, chairman of the manager. “The board looks forward to working with Kevin and the management team to continue to grow KIT and deliver value to unitholders.”
He adds: “I would also like to express our appreciation to Jopy for his contributions to KIT. Under Jopy’s leadership, KIT underwent a portfolio transformation and closed four major acquisitions, growing its assets under management from about $4.5 billion in 2021 to approximately $7.3 billion today. KIT now has a global diversified portfolio having expanded into new sectors, such as renewables, and new markets in Europe, the Middle East and Asia. We wish Jopy success in his new role in Keppel.”
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Units in KIT closed flat at 48.5 cents on June 7.
