CapitaLand veteran Ng Kok Siong has joined the manager of Hong Kong’s Link REIT as chief financial officer, the company announced. In his new role at Link Asset Management Limited, Ng reports to George Hongchoy, CEO of the manager of Asia’s largest real estate investment trust, effective today.
Ng will lead finance, treasury, insurance, risk management, research and data analytics functions for the manager of Asia’s largest real estate investment trust, according to a statement. The Singaporean investment professional succeeds Andy Cheung, who was appointed chief operating officer at Link Asset Management on February 1 after holding the CFO title since 2010. Director of finance Hubert Chak took up the role of acting CFO in the interim prior to Ng’s arrival.
Ng joined Singaporean developer CapitaLand in 2005 and held a series of senior roles, most recently as the group’s chief digital officer since the start of this year. His previous positions have included chief corporate development officer of CapitaLand Limited and chief financial officer of CapitaMalls Asia Limited.
“We are excited to have Kok Siong joining us as we continue to transform for Link’s future growth,” Hongchoy commented in the statement. “With his excellent track record in several key functions and deep experience in real estate, he will strengthen our leadership bandwidth to enable us to accelerate our strategic initiatives and capture further growth opportunities to create value for stakeholders.”
Former CBRE Leader Joins Link Board
In the same announcement, Link revealed that Chris Brooke has been named an independent non-executive director of the firm, effective May 1. Brooke is a co-founder and managing director of Hong Kong-based real estate consultancy Brooke Husband Limited. Currently president elect of the Royal Institute of Chartered Surveyors (RICS), Brooke stepped down from international brokerage CBRE in 2015, after serving in senior roles for 12 years including CEO and chairman of CBRE China and head of the company’s real estate consulting business in Asia Pacific.
In his role as COO, Andy Cheung reports to the CEO of Link Asset Management Limited, supervising project and development, property management and operations, legal and other corporate functions. Hong Kong-listed Link REIT owns 9 million square feet of retail space and about 61,000 parking spaces in Hong Kong and mainland China, as well as a 3 million square foot portfolio of retail and office properties in the mainland. The REIT has a market cap of HK$145 billion ($18.5 billion).