Knight Frank Singapore is reorganising its operations along five lines – advisory, residential, commercial, property management and retail. Each division is headed by a managing director, who will provide strategic leadership to their unit and identify and groom the next tier and next generation of leaders.
The change was made after the property firm reviewed its operations in preparation for the next market growth phase. The aim is create better synergy and promote cross-selling. ‘We want clients to look at Knight Frank as an organisation staffed with pro-active and professional personnel who are best in class,’ said group managing director Danny Yeo.
With the reorganisation, the company has three new managing directors – Lydia Sng, Peter Ow and Foo Suan Peng. Ms Sng was promoted from executive director for valuation to managing director for advisory services; Mr Ow from executive director for residential to managing director for residential services; and Mr Foo from executive director for investment sales to managing director for commercial services. Jordan Neo will continue as managing director for property management services.
The company is also taking steps to renew its talent pool. ‘We will actively recruit talent from the industry, locally and abroad, and provide opportunities for existing staff to stretch and demonstrate their capabilities,’ it said.
Knight Frank has also reviewed its salary structure and incentive schemes to motivate staff to excel.
Source: Business Times, 5 Jan 2010
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