Andrew Lim to be new group CFO of CapitaLand from Jan 1

SINGAPORE (Nov 8): CapitaLand Ltd has announced the appointment of Andrew Lim as its new group chief financial officer (CFO) with effect from Jan 1, 2017.

Arthur Lang, current group CFO, has decided to leave the company to pursue other career interests.

Lim will oversee the finance, treasury, tax, risk management and investor relation functions of the group, as well as looking after the administrative matters of its internal audit department.

He will be reporting to Lim Ming Yan, president and group chief executive officer (CEO) of CapitaLand.

“Andrew brings with him close to 20 years of investment banking and capital management experience in Singapore and internationally,” comments CEO Lim in a Tuesday statement.

Lim was former managing director and head of Southeast Asia (SEA) coverage advisory and SEA real estate at HSBC.

“I also want to express my heartfelt thanks to Arthur for his invaluable contributions to CapitaLand during his tenure as group CFO. Arthur has also played an instrumental role in several transformation transactions for the group."

Lang joined CapitaLand on Aug 1, 2011, and has provided strategic insights into several major corporate actions as well as led the capital management efforts for the Group.

“I am very appreciative and thankful to chairman, the board and Ming Yan for the opportunities they have given me. We have a great team who has consistently upheld the best work standards and I wish everyone the best,” says Lang. 

As at 3:27pm, shares of CapitaLand are trading 1 cent higher at S$3.05 (RM9.22). — theedgemarkets.com.sg