SINGAPORE: Frasers Hospitality Trust has appointed Eu Chin Fen as CEO of Frasers Hospitality while Eric Gan will be CEO of the managers.
Eu Chin Fen, currently CEO of the Managers, has been appointed as CEO of Frasers Hospitality, a strategic business unit of Frasers Property.
She will report directly to Panote Sirivadhanabhakdi, group chief executive officer of Frasers Property and will join the Frasers Property Group Executive Leadership Team.
In her new position, Eu will be responsible for the Group’s hospitality business unit, currently led by Sirivadhanabhakdi. She will oversee the Group’s hospitality business from investment and business development, to global expansion of its chain of serviced residences and hotels worldwide.
Prior to her current appointment, she was chief investment officer of Frasers Hospitality International Pte. Ltd assisting the CEO of the hospitality strategic business unit of the Group in developing and implementing the business and investment strategies of the hospitality business, in line with the broad directions of the Frasers Property Group.
She joined the Frasers Property Group in 2011.
Eric Gan will take on the role of CEO of the Managers after being CFO. He will be responsible for the overall business, investment and operational strategies and will be working closely with the board of each of the managers.
Gan has more than 20 years of experience in financial reporting, corporate finance, treasury management, audit, taxation and company secretarial matters.
Prior to joining the managers, Gan was the chief financial officer of OUE Hospitality REIT Management Pte. Ltd., the REIT manager of OUE Hospitality Real Estate Investment Trust (OUEHT) and chief financial officer of Meritus Hotels & Resorts (Hospitality Division) of OUE Limited.
He is a Fellow of The Association of Chartered Certified Accountants (UK) and a member of the Institute of Singapore Chartered Accountants.
Last year SAN reported that a $1.35 billion deal had through after failing to gain shareholder support. The deal narrowly missed the required approval from shareholders after only 74.88 per cent voted in favour. To pass, the shareholder vote had to be 75 per cent.
Frasers Hospitality Trust owns $2 billion worth of hospitality assets including serviced apartments and hotels in key Asian, Australian and European cities.
