SOUTHEAST ASIA BUILDING22 Aug 2022
Frasers Property appoints Wong Ping as Chief Investment Officer of Frasers Property Capital
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Singapore – Frasers Property Limited (“Frasers Property”, and together with its subsidiaries, the “Group”) has announced the formation of a new group corporate function, Frasers Property Capital, with the appointment of Wong Ping as its Chief Investment Officer. Having joined in July and based at its headquarters in Singapore, Wong reports to Group Chief Corporate Officer, Chia Khong Shoong. The newly formed Frasers Property Capital has a mandate to coordinate capital partnerships with like-minded investors keen to take part in the company’s growth, as it pursues investment opportunities aligned with its strategic objectives.

“Real estate is a capital-intensive industry. To maximise value generated from our platforms and capabilities, we need a strong capital base and diversified capital sources to execute on our strategic priorities,” said Chia. “We believe long-term strategic institutional investors, who share our vision, will appreciate the capabilities of our established real estate platforms in our chosen markets that are backed by strong, experienced local teams. Forming Frasers Property Capital now to work with aligned partners, as part of our wider asset and capital management strategy, is a natural evolution in our journey. We look forward to having Ping lead and deepen our relationships with long-term capital partners, working alongside our business units.”

Wong joins the Group with over 25 years of extensive experience in real estate investment management. She previously held senior leadership positions with CBRE Investment Management, and Allianz Real Estate Asia Pacific.

Ms Wong Ping, Chief Investment Officer of Frasers Property Capital, added: “I am looking forward to bringing a focus on capital partnerships in geographies and sectors where Frasers Property has developed robust capabilities, especially as the Group has built up meaningful scale with its multinational network over the last few years. The Group has earned its reputation by purposefully growing its business where we have accumulated local and sector knowledge with the support of our tenants and customers. This approach is complementary to how we intend to scale and align sustainably with our partners.”