CapitaLand Integrated Commercial Trust Management Limited has announced the appointment of Tan Choon Siang as the new Chief Executive Officer (CEO) and Executive Non-Independent Director, effective 1 May 2025. Tan, currently the Deputy CEO, will succeed Tony Tan, who will transition to the role of Chief Corporate Officer at CapitaLand Development.
Tan Choon Siang brings over 22 years of experience in financial management, investments, and corporate finance. Before joining CapitaLand Integrated Commercial Trust (CICT), he served as CEO of CapitaLand Malaysia Trust, where he successfully expanded the business and diversified its portfolio. His extensive background includes roles at CapitaLand India Trust and Ascendas-Singbridge, as well as investment banking positions at Goldman Sachs and Deutsche Bank.
Tony Tan, who has been at the helm since 2017, played a pivotal role in the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in 2020, creating Singapore’s first and largest listed real estate investment trust (REIT) with a market capitalisation of S$15.5b. Under his leadership, CICT achieved consistent growth and was recognised for its commitment to environmental, social, and governance practices.
The leadership transition is part of CICT’s ongoing succession planning and aims to continue driving the trust’s growth and operational performance. The board of directors expressed appreciation for Tony Tan’s contributions and leadership over the years. With Tan Choon Siang at the helm, CICT is poised to maintain its strategic direction and enhance its market position.
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