John Russell Saunders has recently been appointed as an executive director of the Link Real Estate Investment Trust (Link Reit), effective immediately. For the time being, Saunders will be leading the group in tandem with Ng Kok Siong, the current executive director and CFO. Both Saunders and Ng will be reporting directly to Duncan Gareth Owen, the independent chair, and the Chairs Committee until a new CEO is hired.
Saunders, in his current capacity as group chief investment officer, will keep his focus on investments as well as partnerships with third-party capital. He will also support and manage the assets across Link’s existing portfolio, which is currently being handled by Emmanuel Regis Farcis, the managing director for asset management.
On the other hand, Ng will be taking charge of all the corporate functions, which include finance, legal, information technology, human resources, and investor relations.
Saunders expressed his excitement about joining the Link board as an executive director. He anticipates collaborating with Kok Siong, the Chairs Committee, and the broader board and management team on the forthcoming next stage for Link.
To assist with the transition, Owen has agreed to devote more time under a new contract, running from January of this year until the conclusion of May next year. Despite remaining a non-executive chair, Owen will be responsible for guiding the executive directors and overseeing the process of searching for, hiring, and onboarding the new CEO.
Owen further stated that the board is concentrating on Link’s robustness and proven record in owning and actively managing shopping malls and parking facilities throughout the Asia Pacific. This focus is especially pertinent in Hong Kong, top-tier cities in Mainland China, as well as Singapore and Australia.
Link Reit is a property owner and manager of a portfolio that includes shopping malls, parking facilities, and other retail assets. The group, which is based in Hong Kong, has properties spread across China, Singapore, and Australia.
What is John Russell Saunders’ new role in Link Real Estate Investment Trust (Link Reit)?
John Russell Saunders has been appointed as an executive director of Link Reit.
What will Saunders’ main responsibilities be in his new position?
As an executive director, Saunders will focus on investments and partnerships with third-party capital, as well as support and manage the assets across Link’s existing portfolio.
Who will lead Link Reit alongside Saunders during this interim leadership period?
Ng Kok Siong, the current executive director and CFO of Link Reit, will lead the group alongside Saunders until a new CEO is hired.
