Global real asset manager, CapitaLand Investment Limited (CLI), has announced several key executive appointments on Sept 12. The latest appointments are part of an ongoing process to “strengthen CLI’s leadership team” and accelerate the growth of the company’s private funds business.
Simon Treacy, CEO of CLI’s private equity real estate arm, is set to step down from his role with effect from Oct 31. Treacy, who was in the role since October 2021, will be relinquishing his role for personal reasons, according to CLI’s Sept 12 filing. He will be appointed senior advisor to Lee Chee Koon, group CEO of CLI and will provide counsel to CLI’s private equity team on capital raising and investments effective from Nov 1.
Meanwhile, Lee will concurrently assume leadership as CEO of private equity real assets (PERA), focusing on the growth of CLI’s private funds business, which will combine its existing real estate and alternative assets units into a single real assets platform.
Andrew Lim, group chief operating officer of CLI, will oversee CLI’s private capital markets team, overseeing capital raising and product development.
CLI has also announced additions to its private funds leadership team.
Alan Tan is set to join CLI as managing director and head of capital raising, private capital markets and managing director, special projects, PERA, effective Oct 1. In this role, Tan will lead CLI's global capital raising team and drive new initiatives across the private funds business.
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Prior to this, Tan served as head of strategic partnerships at CapitaLand Development, where he was responsible for capital raising and leading new business initiatives.investments and capital raising roles.
In a bid to accelerate the growth of its data centre business, CLI has also appointed Kenny Khow as managing director for CLI’s global data centre business. Khow is set to join CLI on Oct 1, and will oversee the development and execution of CLI’s global strategy for its data centre business in close collaboration with CLI’s country and fund teams.
CLI has been building its data centre business globally, adding 22 data centres to its portfolio since 2021. Currently, CLI has 27 data centres with US$4.5 billion ($5.9 billion) assets under management.
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Additionally, new appointments include Gabriel Fong as managing director and head for special opportunities group. The group says that Fong has “deep experience in special situations, and private equity real estate investment and fund management”.
CLI has also earlier expanded the role of its chief sustainability officer Vinamra Srivastava and appointed him as chief sustainability and sustainable investments officer to focus on CLI’s private equity renewables business. Srivastava has previously worked in various roles including operations, strategy and consulting with CLI’s India business parks, Roland Berger Strategy Consultants and Cisco Systems.
Finally, CLI has also appointed Haslam Preeston as chief people and culture officer with effect from June 3. Preeston is responsible for leading the group human resources and group administration functions. Before joining CLI, Preeston held the role of the people and culture director, Southeast Asia, at the DFI Retail Group D01 .
Lee Chee Koon, group CEO of CLI, says: “The latest senior leadership appointments we have made will bolster CLI’s capabilities to drive key strategic initiatives in our funds platforms. CLI will also expand our geographical footprint as we work towards achieving our target of $200 billion in funds under management by 2028.”
“We thank Simon for his contributions to CLI and are pleased that he has agreed to stay on as a senior advisor and provide ongoing guidance to our private equity team,” he adds.
Shares in CLI closed 2 cents higher or up 0.7% at $2.82 on Sept 12.
