Australian property and infrastructure group Lendlease is ramping up its Asia leadership team by hiring Ng Hsueh Ling, former chief of Keppel REIT Management, as Managing Director for Singapore and Chief Investment Officer for Asia, the company has announced.
Ng, who joined Lendlease this month, takes responsibility for growing the Sydney-headquartered company’s Singapore business, including its funds under management in the region, in the newly-created leadership role.
The industry veteran brings with her 28 years of Asia real estate experience, focusing on strategic sourcing, investment and divestment, asset and portfolio management, and asset development. Her track record also includes real estate fund management and structuring of property-based financial products.
Lendlease Goes for Fund Management Expertise
“With her wealth of experience and knowledge in real estate, fund management, investment and asset management, Hsueh Ling will be able to steer our Singapore and Investment Management businesses towards the next phase of growth, expanding our funds under management and creating great places for people with our integrated delivery model,” commented Tony Lombardo, CEO Asia at Lendlease, in the statement.
Among the executives who will be reporting to Ng are Richard Paine, who leads the company’s S$3.2 billion ($2.3 billion) mixed-use development Paya Lebar Quarter in Singapore, and Jyoti Ramchandani, Managing Director of Investment Management for Asia.
Prior to joining Lendlease, Ng served as CEO and Executive Director at Keppel REIT Management Limited for about eight years, before being replaced in that role by Jesline Goh in February of this year. After stepping down from the helm of Keppel REIT, Ng took the role of as Ng takes on the role of Director for New Businesses at Keppel REIT Management’s parent firm, Keppel Corporation. Goh later left Keppel REIT in March.
In addition to her Keppel REIT experience, Ng also previously worked as CEO for Korea and Japan at Singapore-based developer Ascendas (now part of Ascendas-Singbridge), where she grew the company’s portfolio of private funds across Asia. She has also held senior roles at CapitaLand Commercial Limited (now CapitaLand Singapore Limited) and CapitaLand Financial Limited, an investment arm of the Singaporean real estate group.
Sydney-headquartered Lendlease, which operates in more than 40 countries around the world, has delivered over 400 projects in Singapore. The ASX-listed firm currently manages the 313@somerset, Jem and Parkway Parade malls in Singapore, and its Paya Lebar Quarter complex is slated to be delivered from the second half of 2018. The company has over 500 employees in Singapore.
Lendlease has five funds under management as well as one single-investor joint venture mandate across Asia, totalling S$5.6 billion ($4.1 billion) under management as of the end of last year.