Singaporean real estate company CapitaLand announced major changes among its China leadership this week when Jason Leow was appointed as the new head of CapitaMalls Asia.
CapitaLand, which is Southeast Asia’s largest developer, named Leow as CEO of its retail division effective April 15th. Leow will replace the current CapitaMalls CEO, Lim Beng Chee who is said to be leaving the group by the end of this year.
Leow has been CapitaLand’s China CEO since 2009, and has been based in China with the Singapore government-linked developer for the last 13 years, where he presided over the establishment of Raffles City projects in Shanghai, Shenzhen, Chengdu and other cities. Earlier this year CapitaLand also bought a residential site in Ningbo for $181 million.
Taking over from Leow at CapitaLand China will be current Deputy CEO Lucas Loh, who also serves as the company’s chief investment officer.
Loh joined the CapitaLand Group in September 2001 and has been based in China since August 2004. He held various appointments including regional GM, South China, CapitaLand China from 2007 and as chief investment officer of CapitaLand China since 2009.