THE exodus of executives from Colliers International Singapore has continued this week. This time, some senior executives in its industrial services team including the division head are leaving for a rival firm.
Colliers’ executive director and head of industrial services, Tan Boon Leong, three other senior executives and one support staff are said to be joining Knight Frank Singapore.
This leaves Colliers with two industrial brokers. Meanwhile, Knight Frank’s industrial department will increase significantly to 11 executives, comprising nine brokers and two administrative staff with Mr Tan helming the team.
Their official starting date at Knight Frank is not confirmed yet. But sources told BT that Mr Tan is expected to join Knight Frank in March after two months of gardening leave. He will be reporting to Knight Frank Singapore group managing director Danny Yeo.
An internal email to employees announcing the changes were sent out by Knight Frank at 5.30pm on Friday.
Colliers’ traditional strengths are said to be in industrial services and valuation.
But last June, five industrial brokers from Colliers Singapore, including executive directors Brenda Ong and Rimon Ambarchi, jumped ship to CBRE. Its former managing director, Dennis Yeo, later joined CBRE as regional head of industrial and logistics services in Asia.
Since some leadership changes took place at Colliers International, the firm became a poaching ground here.
In September, a team of eight experienced valuers including Colliers’ head of valuation and deputy managing director, Cynthia Ng, moved to Savills Singapore.
All three directors of its office services team joined Savills Singapore earlier in February and four members of its retail team hopped over to JLL’s retail agency team in June.
This week, one of its deputy managing directors, Calvin Yeo, and head of investment service, Stella Hoh, also left the company.