New CEO and Key Appointments at Ascott
March 26, 2012 - Mr Chong Kee Hiong has been appointed as chief executive officer (CEO) of The Ascott Limited (Ascott). Prior to this, Mr Chong was the CEO of Ascott Residence Trust Management Limited where he led the company to grow its assets significantly since its launch in 2006.
Mr Lee Chee Koon has been appointed as deputy CEO of Ascott and will assist Mr Chong in the strategic planning and investment of the serviced residence business. This is in addition to his role in heading Ascott's North Asia business.
Mr Vincent Wee has been appointed as managing director for the India & Gulf Cooperation Council sectors of Ascott's business. Mr Wee is concurrently the deputy CEO of Ascott Residence Trust Management Limited.
Ascott is the world's largest international serviced residence owner-operator with more than 30,000 apartment units in over 210 properties in key cities of Asia Pacific, Europe and the Gulf region. The company operates three brands - Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across more than 20 countries. Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacific's first international-class serviced residence in 1984. In 2006, it established the world's first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, Ascott boasts a 28-year industry track record and award-winning serviced residence brands that enjoy recognition worldwide.
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