Thursday, June 18, 2009

Savills S'pore names two new directors

(SINGAPORE) Property consultancy Savills Singapore has appointed Craig Ward, formerly with Jones Lang LaSalle, its director of regional capital markets. It has also named Chia Shee Liang its director of property management.

The firm's staff strength has grown from 75 to almost 100, with additions to all key business units over the past two years.

Managing director Michael Ng said Savills is also taking the current economic slowdown as an opportunity to recruit and expand all of its business units, such as project sales, residential, commercial and industrial.

Capital markets is a newly formed business unit at Savills Singapore.

Mr Ward's key task will be to source and introduce new international money into real estate here and in the region. He will work closely with Savills' global office network to help investors find the best real estate opportunities worldwide, the firm said.

'Given the dynamic flow of funds between regions into the global real estate market, there is increasing demand to advise and guide clients on the various aspects of cross-border investments, addressing not only pure property aspects but also complex legislative, tax, financing and structural matters,' Mr Ng said. 'Craig will help to reinforce the global links between our US, UK, Europe and Asia-Pacific offices to better serve our clients.'

Mr Chia's key task will be to build the Savills Property Management team's capabilities in Singapore to interface with the group's huge regional property management operations in China, Hong Kong, Australia and the rest of the Asia-Pacific region.

Source: Business Times, 18 June 2009

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