CapitaLand Investment announces key management appointments for private funds

Bolsters talent bench strength for private funds capital raising and real assets investments to spearhead growth

Singapore, September 13, 2024 -- CapitaLand Investment Limited (CLI), a global real asset manager, today announced several key executive appointments. The latest appointments are part of an ongoing process to strengthen CLI’s leadership team and accelerate the growth of the company’s private funds business, particularly in the areas of capital raising, data centre, special opportunities and renewables.

CLI announced that Mr Simon Treacy, Chief Executive Officer (CEO), Private Equity Real Estate, will step down from his executive role with effect from 31 October 2024. He will be appointed Senior Advisor to Mr Lee Chee Koon, Group CEO of CLI, and will provide counsel to CLI’s private equity team on capital raising and investments effective from 1 November 2024. Since joining CLI in October 2021, Mr Treacy has led the growth of CLI’s private equity real estate business and overseen private capital management. 

Mr Lee will concurrently assume leadership as CEO of Private Equity Real Assets (PERA) and steer the growth of CLI’s private funds business, which will combine its existing Real Estate and Alternative Assets units into a single Real Assets platform. Mr Andrew Lim, Group Chief Operating Officer of CLI, will provide oversight for CLI’s private capital markets team, overseeing capital raising and product development.

CLI also announced additions to its Private Funds leadership team.

Mr Lee Chee Koon will concurrently assume leadership as CEO of Private Equity Real Assets and steer the growth of CLI’s private funds business,

Mr Andrew Lim, Group Chief Operating Officer of CLI, will provide oversight for CLI’s private capital markets team, overseeing capital raising and product development.

Mr Simon Treacy, CEO, Private Equity Real Estate, will step down from his executive role with effect from 31 October 2024. He will be appointed Senior Advisor to Mr Lee Chee Koon, Group CEO of CLI, and will provide counsel to CLI’s private equity team on capital raising and investments effective from 1 November 2024.

Effective 1 October 2024, Mr Alan Tan will join CLI as Managing Director & Head of Capital Raising, Private Capital Markets, and Managing Director, Special Projects, Private Equity Real Assets. In this newly created role, Mr Tan will lead CLI's global capital raising team and drive new initiatives across the private funds business. Prior to this, Mr Tan served as Head of Strategic Partnerships at CapitaLand Development, where he was responsible for capital raising and leading new business initiatives. Before that, Mr Tan also worked at Morgan Stanley, CreditEase and Temasek Holdings in a variety of real estate fund management, investments and capital raising roles. In year-to-date August 2024[1], CLI has raised S$1.1 billion of capital and made S$1.7 billion in fund investments through its private funds business. It has also built up a network of capital raisers in Singapore, China, India, Australia, South Korea, Japan, Europe, Middle East and the USA.

To further accelerate the growth of its data centre business, CLI has appointed Mr Kenny Khow as Managing Director for Global Data Centre, another newly created role. Mr Khow will join CLI on 1 October 2024 and oversee the development and execution of CLI’s global strategy for its data centre business in close collaboration with CLI’s country and fund teams. He will be responsible for identifying growth opportunities, optimising performance, implementing industry-leading best practices and cultivating relationships with top-tier customers. Prior to joining CLI, Mr Khow was Chief Commercial Officer for Digital Halo. 

CLI has been actively building its data centre business globally, adding 22 data centres to its portfolio since 2021. Today, CLI has 27 data centres with US$4.5 billion assets under management and over 800 megawatts in gross power[2] across eight countries in Asia and Europe.

CLI also announced that Mr Gabriel Fong had earlier joined CLI as Managing Director & Head for Special Opportunities Group. Mr Fong has deep experience in special situations, and private equity real estate investment and fund management. He is responsible for developing and executing CLI’s special opportunities fund strategies and is based in Hong Kong. Mr Fong joined CLI from Alpha Nova Capital Management Partner where he was the Chief Investment Officer. Prior to that, he was the Founder and CEO of Vaw Eurasian Capital Investment Management, and Managing Director & Head of Asia Special Investments with Sculptor Capital Management.

CLI had also earlier expanded the role of its Chief Sustainability Officer Mr Vinamra Srivastava and appointed him as Chief Sustainability and Sustainable Investments Officer to build up CLI’s private equity renewables business. Mr Srivastava has worked in various roles including operations, strategy and consulting with CLI’s India Business Parks, Roland Berger Strategy Consultants and Cisco Systems.

In addition, CLI announced that it had appointed Mr Haslam Preeston as Chief People and Culture Officer with effect from 3 June 2024. Mr Preeston is responsible for leading the Group Human Resources and Group Administration functions, driving strategies to enhance overall employee experience and foster a positive company culture. Before joining CLI, Mr Preeston was the People and Culture Director, Southeast Asia, at the DFI Retail Group. Prior to that, he worked at the Jardine Group for two decades in a variety of senior roles.

Mr Lee Chee Koon, Group CEO of CLI said: “We will continue to expand CLI’s leadership bench strength with external hires as we grow our senior leadership talent from within. The latest senior leadership appointments we have made will bolster CLI’s capabilities to drive key strategic initiatives in our funds platforms. CLI will also expand our geographical footprint as we work towards achieving our target of S$200 billion in funds under management by 2028.  We would like to extend a warm welcome to our new senior hires and look forward to their contributions. We thank Simon for his contributions to CLI and are pleased that he has agreed to stay on as a Senior Advisor and provide ongoing guidance to our private equity team.” 

Please refer to the Annex for the profiles of Mr Alan Tan, Mr Kenny Khow, Mr Gabriel Fong, Mr Vinamra Srivastava and Mr Haslam Preeston.

"We will continue to expand CLI’s leadership bench strength with external hires as we grow our senior leadership talent from within. The latest senior leadership appointments we have made will bolster CLI’s capabilities to drive key strategic initiatives in our funds platforms. CLI will also expand our geographical footprint as we work towards achieving our target of S$200 billion in funds under management by 2028."

Mr Lee Chee Koon, Group CEO of CLI

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Notes:
[1] Refers to the period from 1 January to 13 August 2024
[2] On a completed basis

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