The manager of Lendlease Global Commercial REIT (LREIT) has appointed Ng Hsueh Ling as its new chairman effective June 1.
She will take over from outgoing chairman Anthony Peter Lombardo, who commences his new role as the Lendlease group CEO and managing director on the same day. Lombardo will remain on the board as a non-executive and non-independent director of the manager.
Ng has been the managing director, Singapore, and chief investment officer, Asia at Lendlease since August 2017. She is also the key executive officer of Lendlease Retail. In these roles, she is instrumental in driving the growth of Lendlease’s Asia Investment Management business platform, where she manages the growth strategy for Asia’s investment management portfolio, which includes creating access and pathways into new funds, REITs and assets.
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Prior to joining Lendlease, Ng was CEO and executive director of the manager of Keppel REIT. She was also previously the CEO (Korean and Japan) of Ascendas, and has also worked at CapitaLand Commercial and CapitaLand Financial.
She holds a Bachelor of Science, Estate Management from the National University of Singapore and is a licensed appraiser by the Inland Revenue Authority of Singapore.
“We are delighted to have Hsueh Ling lead the board in our next phase and would like to thank Tony for his excellent leadership and contributions since LREIT was listed. Hsueh Ling’s wealth of experience and industry expertise will be instrumental in advancing LREIT’s growth strategy, and we are confident that her track record and proven leadership will be invaluable in the successful execution of our plans,” says Dr Tsui Kai Chong, lead independent non-executive director of the manager.
Units in LREIT closed 0.5 cents or 0.65% lower at 76 cents on May 31.
