Keppel to Focus on its Asset Management Businesses
Keppel plans to consolidate its interests in business trust, REIT and fund management under Keppel Capital and grow its asset management business. In a major restructuring exercise to grow the contribution from its Investment Division, Keppel Corporation Limited (Keppel Corporation) plans to consolidate its interests in business trust management, real estate investment trust (REIT) management and fund management businesses (collectively, "Asset Management") under Keppel Capital Holdings Pte. Ltd. (Keppel Capital), a wholly-owned subsidiary of Keppel Corporation. Asset Management is an important part of Keppel Corporation's strategy and business. Keppel Corporation currently has four subsidiaries ("Subsidiaries") in Asset Management, namely Keppel Infrastructure Fund Management Pte. Ltd.
Keppel Corporation Elects Two Top Names To Board
Keppel Corporation Limited (KCL) has appointed Tony Chew Leong-Chee and Dr. Lee Tsao Yuan to its Board. Both Chew and Dr. Lee are no strangers to the Keppel Group,as they were Directors of Keppel Capital Holdings before it was sold in August last year. Dr Lee still sits on the Board of Keppel FELS Energy & Infrastructure Ltd. Chew is an agronomist, having obtained his professional qualification through a plantation cadetship with Ko Rubber Plantations in Malaysia and participation in the Serdang Agricultural College (Malaysia) extension program. He also co-founded Asia Resource Corporation Pte Ltd and is now Executive Chairman of the company, and is Chairman of Del Monte Pacific Ltd, Macondray Corporation Pte Ltd and Representations International Pte Ltd. Dr.
