City Developments Limited (CDL) has appointed Mr Kwek Eik Sheng as Group Chief Operating Officer (GCOO), a newly created position, with effect from 1 January 2022.

As GCOO, Mr Kwek will be responsible for providing leadership to the Group that aligns with its business plan and strategic vision as endorsed by the Board, working closely with the Group Chief Executive Officer and other members of the Management Team to drive the Group’s overall performance, including providing leadership to the operational and administrative functions while ensuring an efficient reporting structure and an effective internal controls system.

Mr Kwek joined CDL in 2009, covering Business Development for overseas projects before being appointed as Head of Corporate Development. In 2014, he assumed his role as Chief Strategy Officer and undertook an added portfolio as Head of Asset Management in April 2016.

CDL also welcomed Ms Tang Ai Ai Mrs Wong Ai Ai to the Board as an Independent Non-Executive Director, with effect from 1 January 2022.

Mrs Wong is one of Baker McKenzie.Wong & Leow’s most distinguished lawyers, with a career that spans leading a range of landmark transactions for blue-chip clients, to global management and leadership roles at the highest levels of Baker McKenzie, including serving as a member of Global Executive Committee and Chair of the Asia Pacific Region. Her legal expertise includes mergers and acquisitions, venture capital and private equity, hotels and real estate, and capital markets.

As a transactional lawyer, Mrs Wong has been recognised as a leading individual and eminent practitioner for Corporate/M&A matters by publications including Chambers Asia Pacific, Legal 500 Asia Pacific and IFLR1000.

Mrs Wong is currently also a founding steering committee member of Climate Governance Singapore Limited, an initiative led by World Economic Forum to educate non-executive directors on the opportunities and challenges for their companies arising from climate change and its consequences. She is also a Justice of the Peace.

Mrs Wong has been appointed as a member of the Nominating Committee (NC) and Board Sustainability Committee (BSC).

With effect from 1 January 2022, Mr Philip Yeo Liat Kok has ceased to be independent and has been redesignated as a Non-Independent Non-Executive Director, having served more than nine years on the Board. Mr Yeo has also ceased to be the Chairman of the NC as well as member of the BSC.