Changes in boardroom for The Nomad Group

KUALA LUMPUR: The Nomad Group Bhd director and CEO Hew Thin Chay has retired effective Oct 31, 2009. Hew joined the board in 2002 and was later appointed CEO in November the same year. An accountant by profession, Hew has over 30 years experience in both private and public sectors.

Speaking to theedgeproperty.com, Hew says his contract ended on Oct 31 this year and he had informed the board on his interest to focus on his business. He was running his own consultancy business, which was set up in 2001, prior to joining the group. “I am keeping my options open and plan to focus on consultancy. I would like to share my knowledge with interested parties and am grateful for my stint in The Nomad Group,” he says. Hew cites the acquisition of City Centre Hotel Sdn Bhd, which owns the property Novotel Kuala Lumpur (the hotel is, however, managed by Novotel), as a memorable deal. The RM43.7 million acquisition was announced in April this year. City Centre Hotel was previously owned by Johor-based developer Pulai Springs Bhd.

Formerly a financial services provider, The Nomad Group was reclassified to the trading services sector on Bursa Malaysia in 2007. It has presence in six countries including Indonesia, Vietnam and Thailand, with over 142,000 sq ft of offices space up for rent under The Nomad Offices, serviced apartment The Nomad Residences in Bangsar, hotel The Nomad SuCasa (previously Sucasa Service Apartments) in Jalan Ampang and, more recently, Novotel Kuala Lumpur.

Replacement for Hew’s position in the Group is not immediately known.