Singapore’s CapitaLand Hires Andrew Lim As CFO

Andrew Lim is in at CapitaLand having been appointed Chief Financial Officer at the Singapore-based real estate investment and development titan. He will take over from Arthur Lang at the start of 2017, according to an announcement by CapitaLand this week.

Lim takes on his new role after serving 12 years at HSBC. The University of Toronto graduate served most recently as the London-based hank’s head of advisory for Southeast Asia, after previously holding a number of roles with the bank, including leading the HSBC’s Southeast Asia real estate and hotel deal making efforts.

Lang, who joined CapitaLand in 2011, tendered his resignation to pursue other career interests. The Harvard graduate came to Capitaland in 2011 from Morgan Stanley, where he had served as co-head of investment banking in Southeast Asia. Among the notable news during Lang’s tenure was CapitaLand taking its Singapore-listed subsidiary, CapitaMalls Asia Ltd, private in 2014.

Lim joins Southeast Asia’s largest real estate developer with 20 years of investment banking and capital markets experience both in Singapore and abroad. In his new role, he will lead CapitaLand’s group finance, treasury, tax, risk management and investor relations efforts.

While at HSBC, he assisted with Kintetsu World Express’ acquisition of the logistics business of Singapore-based Neptune Orient Lines for $1.2 billion, according to Bloomberg.

CapitaLand has bet big on retail in China recently, closing the $1.5 billion Raffles City China Investment Partners III last month, the largest private capital raise effort in its history. The fund will invest in mixed-use developments in China’s gateway cities.