CapitaLand Investment’s PE real estate CEO Simon Treacy to step down on Oct 31

SIMON Treacy, chief executive officer of private equity real estate at CapitaLand Investment (CLI), will be stepping down from his role effective Oct 31 for “personal reasons”.

CLI’s group CEO Lee Chee Koon will concurrently lead as CEO of private equity real estate. He will steer the growth of CLI’s private funds business, which will combine its existing real estate and alternative assets units into a single real assets platform.

Meanwhile, Treacy will be senior adviser to Lee from Nov 1. In this role, Treacy will provide counsel to CLI’s private equity team on capital raising and investments.

Andrew Lim, group chief operating officer of CLI, will provide oversight for CLI’s private capital markets team, overseeing capital raising and product development.

Since joining CLI in October 2021, Treacy, 56, has led the growth of CLI’s private equity real estate business and overseen private capital management, the real estate manager said on Thursday (Sep 12).

Meanwhile, CLI also announced several other key executive appointments.

It said that the latest appointments are part of an ongoing process to strengthen the company’s leadership team and accelerate the growth of the private funds business.

Among the new appointments are that of Alan Tan, who will join CLI on Oct 1 in a newly created role of managing director and head of capital raising for private capital markets. He will also be the managing director for special projects in private equity real assets.

Tan will lead CLI’s global capital raising team and drive new initiatives across the private funds business.

Tan was previously the head of strategic partnerships at CapitaLand Development.

Another new appointment is Kenny Khow, who will be in the newly created role of managing director for global data centre from Oct 1.

Khow, who was chief commercial officer for data centre Digital Halo, will oversee the development and execution of CLI’s global strategy for its data centre business.

Shares of CLI closed 0.7 per cent or S$0.02 higher at S$2.87 on Thursday, before the announcement.