CapitaLand shakes up leadership at private funds unit

Quick Summary:

Simon Treacy, CEO of its private equity real estate division, will step down on Oct 31.

CLI, which was listed in late-2021 as part of a major restructuring at CapitaLand Group, has been facing market pressure over its sizeable investments in China, which is experiencing a major property downturn.

He previously served as the global chief investment officer and head of US equity for BlackRock Real Estate.

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Article Details

Category: EconomyBusiness

Markets: SingaporeAustraliaChina

Topics: Private Equity Team Capitaland Firm Leadership Funds Investment Real Part Estate

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 07:26:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 593 words

Reading Time: 4 minutes read

Sentences: 28 lines

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Copyright Owner: © The Straits Times

News ID: 22479621

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