Billionaire Peter Lim backed Rowsley appoints new CEO

Billionaire Peter Lim backed real estate services provider Rowsley on Monday said it appointed Tan Wee Tuck as chief executive officer with immediate effect.

Singapore property prices fall
A construction worker passes the largely vacant Cape Royale condominium in Sentosa Cove on Singapore's Sentosa island. Reuters

Billionaire Peter Lim backed real estate services provider Rowsley on Monday said it appointed Tan Wee Tuck as chief executive officer with immediate effect.

Tuck, who joined Rowsley in 2013, is currently the executive director and chief financial officer of Singapore-listed Rowsley.

Prior to joining Rowsley, Tuck spent ten years in the media industry where he headed the business development function for CNBC Asia Pacific and was also the finance head for NBC Universal's Television Group in Asia Pacific.

As the CEO, Tuck will lead Rowsley's existing portfolio of real estate businesses with a focus on growth, innovation and renewing the leadership of its design and engineering business, the company said in a statement.

Rowsely also announced the appointment of Lai Huen Poh as senior managing director with effect from December 1.

Also Lee Kut Cheung, managing director of Rowsley's unit RSP, will assume the role of senior Director at RSP from December 1.

Earlier this year, Rowsley announced plans to expand into the healthcare business by acquiring Thomson Medical Pte and a 70 percent stake of TMC Life Sciences Berhad.

Tim, the owner of Spanish football club Valencia, has a 45.34 percent stake in Rowsley.

Shares in Rowsley ended up 1.6 percent to S$0.127 on the Singapore Exchange. The stock has gained 3 percent so far this year.

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