Singapore’s CapitaLand Shakes Up Leadership at Funds Unit
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Singapore’s CapitaLand Investment Ltd. announced a leadership shakeup at its private funds division, as the real estate firm looks to rearrange units after a mixed set of earnings and tepid stock performance.
Simon Treacy, the chief executive officer of Private Equity Real Estate, will step down on Oct. 31, the company said in a statement on Thursday. He will take on the role of senior adviser to group CEO Lee Chee Koon and provide counsel to the firm’s private equity team on capital raising and investments effective from Nov. 1.