KUALA LUMPUR (Bernama) -- CapitaLand Malaysia REIT Management Sdn Bhd (CMRM) has announced the appointment of Tan Choon Siang as its new designated chief executive officer (CEO designate).

       In a filing with Bursa Malaysia today, the company said the appointment, which takes effect on Nov 1, 2021, is part of the leadership succession plan approved by the board of directors and subject to the approval of the relevant authorities.

       Tan will support CMRM CEO Low Peck Chen in the execution of strategy and also the day-to-day operations of CapitaLand Malaysia Trust, which is managed by CMRM.

       "Upon the authorities' clearance of Tan's appointment, a further announcement will be made on the leadership succession plan," it said.

       Tan has more than 20 years of experience in financial management, investments, corporate finance, treasury and investment banking.

       He was formerly the chief financial officer (CFO) of Ascendas Property Fund Trustee Pte Ltd ( APFT ), trustee-manager of Ascendas India Trust, a property trust which owns seven IT parks and one logistics park in India and is currently listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX).

       Tan holds a Master’s Degree in Economics and a Bachelor of Science in Economics from the Massachusetts Institute of Technology.