Keppel Appoints New CFO

Thursday, October 20, 2011

In a move towards succession planning, the Board of Directors of Keppel Corporation Limited ("Keppel" / the "Company") announced that Mr Teo Soon Hoe will relinquish his role as Group Finance Director with effect from 1 January 2012. Mr Teo, 62, will continue to serve as Senior Executive Director and remain on the Keppel Board. He will remain as Chairman on the boards of Keppel Telecommunications & Transportation Ltd and M1 Limited. He will assist the CEO, Mr Choo Chiau Beng to strategize and grow Keppel's competencies in Sustainable Development, and oversee Keppel's investment portfolio and special projects such as the Sino-Singapore Tianjin Eco-City. The Board also announced the appointment of Mr Loh Chin Hua, Managing Director of Keppel Land's real estate fund management arm, Alpha Investment Partners Limited ("Alpha"), as Chief Financial Officer with effect from 1 January 2012.
CEO, Mr Choo Chiau Beng, said "These appointments are part of the leadership renewal in the Group. In his 37 years with Keppel, Soon Hoe has been a key member of the Group's senior management, providing vital strategic and financial counsel to drive business growth in the Group. He will continue to contribute to the Group's sustainable value creation." On the appointment of the CFO, Mr Choo said, "We considered a number of candidates and chose the one most suitable for the CFO role. I am pleased that Chin Hua has agreed to step up and welcome him to Keppel Corporation reporting directly to me. I am confident that he will bring good insights and play a major role in charting the Group's growth in the coming years." Mr Teo said, "Chin Hua has done a sterling job in growing Alpha's assets under management from US$100 million in early 2003 to US$7.3 billion as at end June 2011. He has international management experience and a strong track record in investments, fund management and finance which will put him in good stead for his new role." Mr Loh will be responsible for the Group's financial functions, including managing capital, finance, treasury and tax, as well as legal matters. He will support the CEO in the Group's strategic business planning process and participate in all major investment initiatives and decisions, providing sound financing options and optimal structuring of major projects, apart from building and enhancing shareholder and investor relations. Mr Loh was appointed as director to the boards of Keppel Land China Limited and Keppel Offshore & Marine Ltd last year. He has over 24 years of experience in real estate investment and fund management, spanning the US, Europe and Asia. Prior to joining Alpha in September 2002, Mr Loh was Managing Director at Prudential Investment Management Inc (Prudential) and led its Asian real estate fund management business. During his eight years there, he was responsible for overseeing all investment and asset management activities for the real estate funds managed out of Asia, and grew Prudential into one of Asia's most active and established real estate fund management companies. Mr Loh started his career in real estate investment with the Government of Singapore Investment Corporation ("GIC"). During his 10 years with GIC, he held appointments in the San Francisco office and was head of the European real estate group in London before returning to head the Asian real estate group. He will continue to serve as Chairman of Alpha. Ms Christina Tan and Mr Desmond Tang will be appointed as Managing Directors and Co-Heads for Alpha on 1 January 2012. Ms Tan is currently Alpha's Executive Director and Chief Financial Officer whilst Mr Tang serves as Executive Director with responsibilities for both acquisitions and asset management. Both have been with Alpha since its inception in 2003.
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Shipbuilding

Horizon Delivers Towboat Marty Cullinan for FMT

In June 2016 Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. delivered the M/V Marty Cullinan, a 120’ towboat with a retractable pilot house, to its home port of New Orleans, La.

New Dredger for North Carolina’s Coastal Waterways

The North Carolina Department of Transportation recently took delivery of a new, fully customized cutter suction dredge, which it christened the Dredge Manteo in a ceremony held April 28,

New 'Mega Passenger Ship' for Star Cruises

Elomatic Ltd and Deltamarin Ltd have signed a tri-party engineering contract with shipbuilder MV Werften for the design of Star Cruises’ new Global Class “mega passenger ship,

Finance

U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for the  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants.

Moody's: Challenges Ahead for Asian Port Operators

Moody's Investors Service says lackluster global growth, weak commodity prices, high capital expenditure commitments and a liner industry struggling with overcapacity

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0878 sec (11 req/sec)