The Company

City Developments Limited: The Company - Senior Management

Senior Management

Kwek Leng Beng

Executive Chairman

Appointed as a Director and Executive Chairman of City Developments Limited (CDL) on 1 October 1969 and 1 January 1995 respectively, Mr Kwek was last reappointed as a Director on 22 April 2015 to hold office until the 2016 Annual General Meeting (2016 AGM) pursuant to Section 153(6) of the Companies Act, Chapter 50, which provision has since been repealed, and will be seeking appointment as Director at the 2016 AGM. He also sits on the Board Committee (BC) and the Nominating Committee (NC) of CDL.

Mr Kwek is the non-executive Chairman of Hong Leong Asia Ltd. (HLA) and Millennium & Copthorne Hotels plc (M&C). He is also the Chairman and Managing Director of Hong Leong Finance Limited (HLF) and City e-Solutions Limited (CES) and the Executive Chairman of Hong Leong Investment Holdings Pte. Ltd. (HLIH), the immediate and ultimate holding company of CDL. CES, HLA, HLF and M&C are subsidiaries of HLIH and thus, are related companies under the Hong Leong Group of companies.

Mr Kwek holds a law degree, LL.B. (London) and is also a fellow of The Institute of Chartered Secretaries and Administrators. He has extensive experience in the finance business, having grown from day one with the original Hong Leong Finance Limited which has since merged its finance business with Singapore Finance Limited (now known as HLF). He also has vast experience in the real estate business, the hotel industry as well as the trading and manufacturing business.

Mr Kwek’s other appointments include being a member of the East Asia Council of INSEAD since its inception in 2003, a board member of the Singapore Hotel Association and a Fellow of the Singapore Institute of Directors. He was also conferred an Honorary Doctorate of Business Administration in Hospitality from Johnson & Wales University (Rhode Island, US) and an Honorary Doctorate from Oxford Brookes University (UK).

At the Securities Investors Association Singapore (SIAS) Investors’ Choice Awards in 2012, Mr Kwek together with the late Mr Kwek Leng Joo, emerged joint winners as "Partners in the Office of the CEO" in the Brendan Wood International – SIAS TopGun CEO Designation Award. This Award was accorded to CEOs who are best in class rated by shareholders.

Mr Kwek was presented the inaugural Real Estate Developers’ Association of Singapore (REDAS) Lifetime Achievement Award in 2014, which was introduced to honour a pioneering group of real estate industry leaders in Singapore.

In February 2015, Mr Kwek was presented the Singapore Chinese Chamber of Commerce & Industry (SCCCI) SG50 Outstanding Chinese Business Pioneers Award. This award honours the Republic’s outstanding Chinese business pioneers and their exemplary contributions to nation-building.

In March 2015, Mr Kwek was awarded "Best Singaporean Investor to Italy" by the Italian Chamber of Commerce in Singapore (ICCS). This annual award is presented to business people who have made impactful investments in Italy and helped to boost bilateral ties between Italy and Singapore.

In October 2015, Hotel Investment Conference Asia Pacific (HICAP) conferred Mr Kwek with the prestigious Lifetime Achievement Award. This award is only presented to exceptional individuals who have distinguished themselves through their accomplishments and contributions to the hotel industry in the Asia Pacific region and the world. Mr Kwek is the first Singaporean to clinch this coveted award.


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Grant L. Kelley

Chief Executive Officer

Mr Grant L. Kelley was appointed as CDL’s Chief Executive Officer (CEO) in 2014. He has over 25 years of global experience in corporate strategy, private equity and real estate investment.

Mr Kelley commenced his career in 1989 at Booz Allen & Hamilton, advising CEOs of major listed companies in the financial services, natural resources and healthcare industries. Before his CDL appointment, Mr Kelley was the Co-Head of Asia Pacific for Apollo Global Management, and also led their real estate investment activities in the region.

In 2008, Mr Kelley founded Holdfast Capital Limited, an Asian-based real estate investment firm, which was acquired by Apollo in 2010. From 2004 to 2008, he was the CEO of Colony Capital Asia where he guided the strategic planning, acquisition and asset management activities of Colony in Asia.

From 2002 to 2004, he was based in New York, where he was a Principal at Colony with responsibility for the identification of US and European investment opportunities.

Mr Kelley holds a Bachelor of Laws degree from the University of Adelaide, a Master’s degree in International Relations from the London School of Economics, and an M.B.A. from the Harvard Business School. He is a Council Member of the Asia Society Policy Institute.


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Sherman Kwek

Deputy Chief Executive Officer

Mr Sherman Kwek was appointed as Deputy CEO of CDL and Chairman of CDL China Limited in April 2016. In his previous roles as Chief Investment Officer and CEO of CDL China Limited, he had established a presence for the Group in Japan and Australia, as well as spearheaded the expansion and development of the Group’s projects in China, helping to obtain prime sites in Shanghai, Suzhou and Chongqing.

As Deputy CEO, he will continue to lead the investment team to source for new investment opportunities, and spearhead the growth and development of the Group’s international portfolio.

Prior to joining CDL, Mr Kwek has taken on various executive management roles in companies both within the Hong Leong Group and in multinational corporations. He has over 15 years of international experience in the areas of investments, mergers and acquisitions, real estate and hospitality, and has worked in New York, Hong Kong, Shanghai and Singapore.

He graduated from Boston University with a Bachelor of Science in Business Administration, majoring in Finance and Marketing with a minor in Psychology. He has been serving as a Council Member of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) since March 2013.


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Chia Ngiang Hong

Group General Manager

Mr Chia Ngiang Hong joined CDL in 1981 and has over 35 years of experience in the real estate industry in Singapore and the region. He holds a Bachelor of Science in Estate Management (Honours) from the University of Singapore and a Masters in Business Administration with distinction from University of Hull, UK. Mr Chia is a Fellow of the Singapore Institute of Surveyors & Valuers (SISV) and the current First Vice President of Real Estate Developers’ Association of Singapore (REDAS).

A much-respected contributor to the real estate industry of Singapore, Mr Chia is currently the President of the Singapore Green Building Council (SGBC) and also sits on the Advisory Panel in the Building and Construction Authority (BCA) Academy. He chairs the Consultative Committee to the Department of Real Estate at National University of Singapore (NUS). He is a Board Member of the Institute of Real Estate Studies, NUS and serves as a member of the NUS SDE School Advisory Committee. He is a Certified Property Manager with the Institute of Real Estate Management (USA).

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Yiong Yim Ming

Chief Financial Officer

Ms Yiong Yim Ming was appointed CDL’s Chief Financial Officer in April 2016. An executive of the Company since 2007, she has extensive knowledge on CDL Group’s financial and operation matters, both domestically and overseas, covering the Group’s operations in property development, investment properties and hotels. She is also actively involved in the development of the CDL’s new funds management platform.

Ms Yiong has strong technical competencies, specialising in the real estate sector, harnessed through 12 years of audit experience. Prior to joining CDL, she served a 10-year stint in KPMG Singapore and a 2-year engagement with Ernst & Young Singapore. Ms Yiong holds a Bachelor of Accountancy degree from Nanyang Technological University and is a member of the Institute of Singapore Chartered Accountants.


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Kwek Eik Sheng

Chief Strategy Officer and Head, Asset Management

Mr Kwek Eik Sheng joined CDL in 2009, covering Business Development for overseas projects before being appointed as Head of Corporate Development. He assumed his current role as Chief Strategy Officer in 2014 and was additionally appointed Head, Asset Management in April 2016. Prior to this, he was with the Hong Leong Group of companies in Singapore specialising in corporate finance roles since 2006. He was appointed to the Board of Millennium & Copthorne Hotels plc in 2011 and holds the position of Non-Executive Director.

He holds a Bachelor of Engineering in Electrical and Electronics Engineering from Imperial College of Science, Technology and Medicine and a MPhil in Finance from Judge Business School, Cambridge University.


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Mark Yip

Chief Marketing Officer

Mr Mark Yip was appointed as CDL’s Chief Marketing Officer in 2014. He is responsible for the Marketing & Sales, and Leasing operations of residential, retail and commercial spaces. In April 2016, he was also appointed CEO of CDL China Limited and will oversee the overall management of the Group’s investments and development projects in China, as well as develop and implement the Group’s real estate investment and business strategies for China.

Mr Yip has a wealth of experience in management, sales, marketing and operations from a diverse range of industries including property, retail sports and fashion, transport, and supply chain and logistics. Before joining CDL, he was with Far East Organization as Deputy Director, focusing on planning and operations. Other senior management positions he has held include CEO of Royal Sporting House, Malaysia and Director of PUMA, Executive Director of CircleFreight, Brunei/Eagle Global Logistics Corporation and General Manager of ComfortDelGro Bus.

Mr Yip holds a Bachelor and Master’s of Business and was recipient of the Logistics Management Group Prize from RMIT in Melbourne. He completed the Senior Executive Programme at London Business School and Asia Pacific Advanced Management Programme from the National University of Singapore.


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Ivan Ng

Chief Technology Officer

Mr Ivan Ng joined CDL as Chief Technology Officer in 2016, with overall responsibility for CDL’s Technology Strategy and Operations. He has over 20 years of experience in the IT industry with a track record in consulting, business and IT management.

Prior to joining CDL, Mr Ng held senior leadership roles in technology multi-nationals such as HP, Dell and ServiceNow, where he was responsible for their regional IT solutions and services business. He was Chief Information Officer of Hisoft Technology, a global IT Services leader listed on NASDAQ, where he managed their group IT, Quality and Security operations. He has extensive regional management experience, having worked in Japan, China, Indonesia and Singapore.

He graduated from National University of Singapore with a Bachelor of Science, majoring in Computing and Information Systems.


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Esther An

Chief Sustainability Officer

Ms Esther An joined CDL in 1995 to establish the Company’s Corporate Communications department and subsequently CDL’s Corporate Social Responsibility (CSR) portfolio. She has been instrumental in building up CDL’s leadership in sustainability. A forerunner in CSR and a member of the management committee of Global Compact Network Singapore (formerly Singapore Compact for CSR) since 2005, she also sits on board the Corporate Advisory Board of World Green Building Council and is a founding member of the Singapore Business Council for Sustainable Development. She holds a Bachelor of Arts (Honours) degree from the University of Hong Kong and has extensive experience in corporate and community communications, advertising, as well as media and investor relations, in both the public and private sectors before joining CDL.

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Steven Tan

Chief Human Resource Officer

Mr Steven Tan joined CDL as Chief Human Resource Officer in July 2016. He has more than 20 years of human resource experience across the real estate, financial services, energy and semi-conductor industries. Prior to joining CDL, he was the Vice President of Human Resource in CapitaLand and OCBC Bank. He had been credited for driving and implementing the full Human Resource Information System (HRIS) suite and shared services business model resulting in improving productivity. He had also put in place the necessary manpower, compensation and benefits scheme, policies and procedures to support the company's rapid expansion plans. He holds a Bachelor of Science in Physics from National University of Singapore and a Master of Science in Human Resource Management from University of Bradford, United Kingdom.


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Anthony Chia

Executive Vice President (Projects)

Mr Anthony Chia has been directing the Department on all projects from concept, design, to construction and delivery. A designer at heart, he was instrumental in key developments ranging from luxury to residential projects, which include South Beach, The Quayside Collection and the Pasir Ris masterplan.

Graduating from Harvard, he has extensive experience in planning, architecture and construction, in both the public and private sectors, having previously headed departments in the Urban Redevelopment Authority (URA) and the Housing and Development Board. He is active in various URA and BCA panels and is a former member of the Board of Architects Singapore. He has been awarded the Public Service Administration medal and the Ministry of National Development Medallion for his contributions. Following his service with the Singapore government, he relocated to Hong Kong, completing several large commercial and residential projects before returning home.


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Daniel T’ng

Executive Vice President, Property & Facilities Management (PFM)

Mr Daniel T’ng joined CDL in 2012 to head the PFM Division. He holds a Bachelor of Science degree in Estate Management (Honours) from Heriot-Watt University and two Master’s Degrees, one in Business Administration from the University of Adelaide (Australia) and the other in Project Management from the National University of Singapore. He has over 30 years of experience in the property and facilities management industry in Singapore and the region. He also has extensive experience in managing strata-titled developments, lease management, project consultancy and general management, as well as business development. He is currently the Chairman of the Workplace Safety and Health Council’s Facilities Management Workgroup.


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Ananda Arawwawela

Executive Vice President, Hotel Assets Management

Mr Ananda Arawwawela has a wealth of experience in hotel management spanning over 37 years in Singapore, Hong Kong, Fiji, China and the Middle East. Prior to joining CDL in 2013, he was the Managing Director of The St. Regis Singapore and Area Managing Director for Singapore, responsible for Starwood Hotels and Resorts’ operations in Singapore. Other senior regional positions in the hospitality industry he has held include Managing Director of Sheraton Hong Kong Hotel and Towers and Area Managing Director of Starwood Hotels and Resorts Hong Kong and Macau. Mr Arawwawela has also served as Chairman of the Hong Kong Hotels Association and Board Member of the Hong Kong Tourism Board.


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Galen Lee

Executive Vice President, Capital Markets

Mr Galen Lee joined CDL as Head of Capital Markets in 2016. He brings with him extensive experience in debt and equity capital markets, mergers and acquisitions, private capital raising and financing in the Asian real estate sector, covering key real estate investors including sovereign wealth funds, pension investors and private equity funds. Prior to joining CDL, he headed real estate investment banking in South East Asia at UBS, and Bank of America Merrill Lynch. He started coverage of the real estate sector at DBS, where he was involved in the origination, structuring and distribution of real estate investment trusts for key real estate sponsors in Asia. Mr Lee holds a Bachelor of Accountancy from Nanyang Technological University, and an M.B.A. from Columbia Business School.


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Organisation Chart
As of 1 May 2016