People digest: UOB, Lendlease, Knight Frank make key hires
April 9, 2021
Singapore’s UOB has appointed Eric Lim as its first chief sustainability officer, Australia-based property group Lendlease has announced the appointment of Justin Gabbani as the group’s Asia CEO, while Knight Frank Asia-Pacific has appointed Christine Li as head of research, Asia-Pacific, based in Singapore.
UOB appoints chief sustainability officer
United Overseas Bank has appointed Eric Lim as its first chief sustainability officer (CSO), according to an announcement.
In his new role, Lim will lead a dedicated corporate sustainability office which will focus on achieving the bank’s sustainability objectives of helping businesses advance responsibly, steering consumer wealth to sustainable investments, and fostering social inclusiveness and environmental well-being.
The Straits Times
Lendlease names new Asia chief based in Singapore
Mr Justin Gabbani will take over from Mr Tony Lombardo, who was appointed group chief executive officer designate in February.PHOTO: LENDLEASE
Vivienne Tay
https://str.sg/JC9K
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Earnings fell at its two biggest development and investment divisions, but the group’s outgoing chief executive believes it is well placed for a rebound.
Dive Brief:
Australian construction and development firm Lendlease reported Sunday that its half-year operating profit after tax fell 26% from the same period in 2019, from AU$278 million to AU$205 million (U.S. $219 million to U.S. $162 million). It also cut its dividend by 50% to 15 cents.
Revenue in the company s construction group for the last six months of 2020 was down 21% to AU$3.4 billion due to ongoing COVID-19 impacts, delays in starting new projects and increased construction time due to social distancing measures, said CEO Steve McCann in a statement.
New work totaled AU$4.9 billion, up from AU$3.1 billion.
The weaker market environment provided an opportunity to secure new projects with investment partners on attractive terms, McCann added.
By Jordan Marshall2021-02-22T07:00:00+00:00
Peter Leonard swaps divisions as group unveils one third drop in profit at half year results
Lendlease has rejigged the leadership of its European businesses to find the new second-in-command for its development arm.
Peter Leonard, who is the firm’s executive general manager for commercial and central operations at its construction division, will take up his new role in late March.
The rejig has been triggered by the departure of Jonathan Emery (pictured) at the end of 2019
The firm, which overnight unveiled a 37% drop in post-tax profit for the six months to December, said Leonard will report to its managing director of development Bek Seeley.