Thursday, June 27, 2024 The Ascott Limited (Ascott), a wholly-owned subsidiary of CapitaLand Investment (CLI) specializing in lodging, today announced the addition of six major roles across its business development, strategy, and operations divisions to fuel its global growth through management and franchise agreements. This initiative is part of Ascott’s strategic plan to surpass S$500 million in fee revenue by 2028. Ascott’s business development team welcomes several key appointments, including Ms.
Venessa Koo as Vice President of Business Development for Hong Kong, Taiwan, the Philippines, and Vietnam; Mr. Teo Junrong as Vice President of Business Development for Singapore, Malaysia, and Indonesia; and Mr. Thomas Lamson as Vice President of Business Development and Product & Technical Services for Europe, the Middle East, and Africa (EMEA).
Moreover, Mr. Joseph Wong, already serving as Managing Director for China, will now also lead business development efforts while managing all operational facets within this crucial market. Furthermore, Ascott is enhancing its strategic growth and operational capabilities with the appointment of Mr.
Steven Chan as Vice President of Global Franchise Services and Regional General Manager for Indochina, and Ms. Sophie Mougel as Vice President of Strategy and Regional General Manager for the Philippines and Malaysia. Both individuals bring extensive local expertise and dual roles, poised to exploit new market opportunities and drive exce.
