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KUALA LUMPUR: Datuk Jeffrey Ng Tiong Lip is now the full-time CEO of Sunway REIT Management Sdn Bhd.
Ng was appointed to the post in March 2010 to manage Sunway REIT, which was established on May 20 upon the registration of the Trust Deed with the Securities Commission (SC), stated a release from Sunway Group on May 21.
Since REIT guidelines issued by the SC require a full-time officer to helm Sunway REIT Management, Ng resigned from his position as executive director of Sunway City Bhd effective May 20.
Ng, who is also the former Managing Director of Asia Pacific Land Bhd, was appointed to the Board of SunCity on March 3, 2008.
Ng has more than 26 years of experience in finance, corporate planning and executive management in the property and hotel industry both in Malaysia and Australia. He holds a Bachelor of Economics degree from University of Monash in Melbourne, is a member of The Institute of Chartered Accountants Australia, Malaysian Institute of Accountants and Malaysian Institute of Certified Public Accountants.
Sunway REIT, with a fund size of 2.78 billion units, is set to become the country’s largest when it is listed in the third or fourth quarter of this year.
