Lendlease, the Australian-listed property group, has hired former Keppel REIT Management’s chief executive, Ng Hsueh Ling, as managing director for Singapore and chief investment officer for the whole of Asia.
In her new role Ng will be responsible for steering the group’s investment management business from Lendlease’s Singapore office. Lendlease has five funds under management and one single-investor joint venture mandate across Asia totaling S$5.6 billion ($4.1 billion; €3.48 billion) funds under management, as of December 31, 2016.
“With her wealth of experience and knowledge in real estate, fund management, investment and asset management, Hsueh Ling will be able to steer our Singapore and investment management businesses towards the next phase of growth, expanding our funds under management and creating great places for people with our integrated delivery model,” commented Tony Lombardo, chief executive, Asia at Lendlease.
Before joining Lendlease, Ng worked as the chief executive of Keppel REIT, one of the largest real estate investment trusts listed on the Singapore Exchange with assets under management of over $S8 billion, for around eight years.
Prior to Keppel, Ng was the chief executive of Korea and Japan for Ascendas, where she grew the portfolio of private funds across various asset classes across Asia. She has also previously held senior positions at CapitaLand.