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TRANSCRIPT
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CapitaLand Ltd: CEO
selection
By:
Anju
Pavan
Navya
Saud
Arthi
Sarvesh
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Singapores real estate Industry in
2007 Leader in Asia property industry
First country in Asia to develop real estate
investment trusts Hard to find senior executives
Capitaland lunched an internal corporate
training center (CLIMB) Foreign professionals were welcome in
Singapore
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CapitaLand Ltd
CapitaLand was created in 2000 by the merger of twoSingapore property firms, DBS Land Ltd. and PidemcoLand.Both entities were government-linked companies(GLCs).
DBS land had bron incorporated in 1976 as a wholly-owned subsidiary of DBS bank Pedemco was formed in 1989 as a subsidiary of
singapores urban development corporation Soon after the merger CapitaLand became the leading
Asia based private equity real estate fund and REITmanager
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CapitaLand in 2007
CapitaLand had become the largest southeast
Asian real estate group The group businesses included 8 publically listed entities and 14 private equity real estate funds In capitaLand group expanded its real estate and hospitality portfolio spanning to more
than 100 cities over 20 countries And were looking forward to expand in countries like India, vietnam and the middle east
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CapitaLand Commercial Trust
CCT listed on Singapore exchange in may 2004. Acquired properties such as multi use wilkie
Edge office and retail complexes
CCT focused on asset enhancement such asrenovations and upgrades that help commandhigher rates
Two diversify the geographical exposure of itsportfolio CCT expanded into malaysia in 2007
with acquisition of 30% of QCT CCT aims to grow its assest size to between
S$5to 6 billion.
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Core Values
Loyalty Commitment Integrity
Zero tolerance for corruption Assertiveness and aggressiveness Will power Disciplined and perservance
Determination, patience and a high threshold forpain
Tenacity and courage
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Competencies which the CEOs needto exhibit in this field of Business
Establishing and maintaining company vision, direction,and guiding principles
Effectively delegating to next layer of management orappropriate employees
Creating and maintaining desired culture and
environment Developing a team to achieve objectives Keeping in touch with external trends that impact the
business. Ensuring long-term customer satisfaction.
Having a working knowledge of the core functions of thebusiness.
Identifying and using resources Developing productive relationships with board (of
advisers, directors, etc.).
Sensing the competition. Sources : www.zuckermanconsultinggroup.com
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Selecting the CEO of Capita
Commercial TrustWhat Liew is looking in CEO fo CCT ?
I.Right academic qualifications
II.Good experience in real estateIII.A track record in fund managementIV.A high degree of integrity andV.A team player
The Search for a new CEO quickly narrowed tothree canditates
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Peter Tan
Education - Master of Science (Real Estate), NationalUniversity of Singapore,1995
External Candidate
Experience - 20 years of experience in real estateinvestment and M&A
Positives- Tenacious, performance-oriented and anexcellent team player, More of sales and marketingorientation, strong corporate sense, negotiating skills,
leadership qualities Negatives not quick with financials, not natural when itcomes to understanding our corporate issues, notworked with a listed company.
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Shally chu
Education: bachelor ofaccountancy(Honours), NTU,singapore1993
External candidate
Positives: strong background in M&A,good financial experience, strongknowledge of regulatory issues
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Lam Bing chi,
Education: Bachelor of Accountancy,national university of Singapore, 1992.
Internal candidate Positives: strong financial, good
knowledge of property industry, taskoriented, methodical, rational, team player.
Negatives: less strong on the EQ side,aspirational issues.
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Thank YOU