FCT and Frasers Property acquired a 50% effective interest in Nex retail mall (Photo: Albert Chua/EdgeProp Singapore)
The manager of Frasers Centrepoint Trust (FCT) has appointed Annie Khung Shyang Lee as its chief financial offer (CFO).
Khung will officially commence her duties on Aug 9 after outgoing CFO Audrey Tan steps down on Aug 8.
Tan’s resignation was announced on June 7. At the time, the manager of FCT said it was looking for her successor.
Read also: FCT to acquire additional 24.5% effective stake in Nex for $523.1 mil
In her new role, Khung will report directly to CEO Richard Ng. She will support the execution of FCT’s strategy and be responsible for the financial performance of the REIT, among other tasks. She comes with over two decades of experience in financial and management reporting, corporate finance, consolidation, taxation, and more.
Annie Khung Shyang Lee has been appointed the new chief financial offer of FCT (Source: Frasers Logistics & Commercial Trust website)
“We are delighted to have Annie join Frasers Centrepoint Asset Management (FCAM). With her extensive experience in finance and auditing, and knowledge of SGX listing rules and REIT compliance, we are confident Annie will add to our strength,” says Ng.
“On behalf of the board and management team, we would like to share our appreciation for Audrey’s service with FCAM. Her tenure includes milestones such as the acquisition of our 50% effective interest in the retail mall NEX and our inclusion in the Straits Times Index earlier this year,” he adds.
“FCT has a solid reputation amongst Singapore REITs (S-REITs) and is recognised for its strong focus as the leader of Singapore’s suburban retail market. I am honoured to have this opportunity to join FCAM and look forward to contributing further to its ongoing success,” says Khung.
As at 9.09am, units in FCT are trading 1 cent higher or 0.47% up at $2.13.