Singapore-based real estate investment platform RealVantage has appointed Ng Beng Tiong as chairman of the board of directors while Desmond Kuek, who is head of sustainable finance for Asia-Pacific at UBS, is reported to join Temasek Trust as its chief executive, effective January next year.
RealVantage names chairman
RealVantage has appointed Ng Beng Tiong as chairman of the board of directors, advisor and member of the investment committee.
In this role, BT Ng will provide strategic leadership in growing Singapore’s leading private equity real estate investment platform’s FUM by ten-fold to $500 million within the next five years; seek out new investment markets in developed countries (including Korea and Japan); expand RealVantage’s offices in Asia-Pacific to Hong Kong SAR and Australia; and widen its investor base.
With more than 30 years of experience in real estate, finance, mergers and acquisitions, BT Ng will help seek out new business opportunities, industry trends and partnerships. He will also evaluate and approve real estate deals.
Before joining RealVantage, BT Ng was deputy group CEO and group COO at ARA Asset Management Limited, Asia-Pacific’s largest real asset investment manager.
He has also had stints at SGX-listed DBS Bank, Low Keng Huat (Singapore) Limited and Labroy Marine Limited.
Temasek Trust appoints chief executive
Desmond Kuek is reported to join Temasek Trust as its chief executive, effective January next year, per a report by Strait Times.
In this new role, he will be part of a team that seeks to advance philanthropy as a force for good.
At UBS Singapore, Kuek chairs the UBS Optimus Foundation, which gives clients a platform to use their wealth to drive social and environmental change by giving out grants to programmes related to children’s health, education and protection as well as those that tackle environmental and climate issues, according to the portal.
Prior to UBS, he was chief executive of transport operator SMRT for close to six years.
Established in 2007, Temasek Trust is an independent trustee of philanthropic endowments and gifts.