Ascott Residence Trust appoints Wee Chong Han as deputy CEO

The appointment is effective from 5 July 2011. It is subject to the approval of the Monetary Authority of Singapore as required under the Securities and Futures Act (Cap. 289).

According to the company, Mr Wee will assist Mr Chong in enhancing the portfolio performance, supporting business development activities and strategic capital and risk management for Ascott Reit.

Mr Wee has over 17 years of experience in the real estate industry. Prior to joining the Company, he was with Australand Property Group, the Australian Stock Exchange listed subsidiary of CapitaLand Limited for the last 10 years where he has held various senior executive positions.

Mr Wee had primary responsibility over Australand’s portfolio of residential development projects for the period from January 2009 to March 2010 during which he oversaw the development of the portfolio and managed a staff strength of close to 300 across Australia.

His last position was General Manager, Risk, Acquisitions and Commercial Operations with overall responsibility for growing the business with new acquisitions, managing multiple joint venture partners’ relationships for residential projects across Australia as well as mitigating the residential division’s business risk.

Mr Wee holds a Master of Business Administration from Cranfield Business School, UK and a Bachelor of Economics majoring in Accountancy from Monash University, Australia. Mr Wee is also an Associate Member of CPA Australia.