02 Jul

Jennie Chua Appointed As Chief Executive Officer Of The Ascott Group

Singapore, 2 July 2007 - The Ascott Group (Ascott) today announced that Ms Jennie Chua will be appointed its Chief Executive Officer with effect from 1 August 2007.  Mr Cameron Ong, Ascott’s Managing Director and Chief Executive Officer, has resigned to pursue his personal interests. 

Ms Chua is a non-executive director of The Ascott Group and a member of its Executive Committee since January 2007.  She was the President and Chief Executive Officer of Raffles Holdings Limited from April 2003 to January 2007.  After graduating from the School of Hotel Administration, Cornell University, New York, with a Bachelor of Science degree in 1971, Ms Chua built an outstanding career in the tourism and hospitality industry over the past 30 years.  She has been recognised with numerous awards from Singapore and abroad for her leadership and contributions in the fields of hospitality and tourism.

Mr Lim Chin Beng, Ascott’s Chairman said: “We would like to thank Cameron for his contributions to the Group. He has served the company for more than 12 years, and has played a key role in leading the Group’s expansion internationally. The Board and I wish Cameron all the best in his future endeavours, and we welcome Jennie as Chief Executive Officer of The Ascott Group.”

Mr Liew Mun Leong, Ascott's Deputy Chairman, and President and CEO of its parent company CapitaLand Group said: “The serviced residence sector is now a significant component of the global hospitality industry, and has the best potential to capitalise on the increase in international travel traffic.  The Ascott Group, with its three brands - Ascott, Somerset and Citadines, is well positioned to take the quantum leap to grow from its current portfolio in 49 cities and over 20 countries. With Jennie’s solid track record and experience in the international hospitality industry, she will be able to lead Ascott to new heights by strengthening the management bench strength in Asia, Australia, Europe and the new markets in oil rich countries.”

The Ascott Group is headquartered in Singapore.  It pioneered Asia Pacific's first branded luxury serviced residence in 1984. It also established the world’s first pan-Asian serviced residence real estate investment trust, Ascott Residence Trust in 2006. Today, the Group boasts a 23-year industry track record and serviced residence brands that enjoy recognition worldwide.

About Ms Jennie Chua

Ms Jennie Chua chairs the International Advisory Panel of the Singapore Tourism Board.  She also serves on the Board of Trustees of Cornell University, New York.  In addition, she sits on the Temasek Advisory Panel of Temasek Holdings, and is the Deputy Chairman of Temasek Foundation.

Ms Chua also chairs the Singapore Film Commission, Tourism Industry Skills and Training Council, Community Chest of Singapore, and Sentosa Cove. She sits on the boards of Singapore Workforce Development Agency, National Healthcare Group, Singapore International Chamber of Commerce, and Nanyang Technological University.

She has been honoured with numerous accolades and awards, both from Singapore and abroad, including Outstanding Contribution to Tourism (2006) by the Singapore Tourism Board, two Singapore National Day awards, 25 Stars of Asia (2003) by BusinessWeek magazine, Person of the Year, Asia Pacific - Hotel (2002) by US-based Travel Agent magazine, Pacific Area Travel Writers Association Hall of Fame (2000), Hotelier of the Year (1999) by TravelAsia magazine, Woman of the Year (1999), Champion of the Arts (1999), and Independent Hotelier of the World (1997) by US-based HOTELS magazine.

Ms Chua is a Justice of Peace and Non-Resident Ambassador-Designate to the Slovak Republic. 
About The Ascott Group

The Ascott Group is the largest international serviced residence owner-operator outside the United States with over 19,500 serviced residence units in key cities of Asia Pacific, Europe and the Gulf region. This includes over 5,500 units which are under development. 

The Group operates three brands – Ascott, Somerset and Citadines. Its portfolio spans 49 cities in 21 countries, eight of which are new cities where Ascott’s serviced residences are being developed. Ascott’s properties can be found in cities including London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Hanoi, Kuala Lumpur, Tokyo, Seoul, Shanghai, Beijing and Hong Kong in Asia; Sydney, Melbourne and Auckland in Australia / New Zealand, as well as Dubai in the Gulf region.

The Ascott Group’s achievements have been recognised internationally.  Recent awards include TravelWeekly Asia Industry Awards 2007 ‘Best Serviced Residence (Group)’, China 2007 ‘Top 100 Serviced Apartments Award’, Vietnam Economic Times 2006 ‘Golden Dragon Award’, The Asset’s 2006 ‘Triple A Country Award for Best Deal in Singapore’, Travel Weekly China 2006 ‘Best Serviced Residence’, Business Traveller China 2006 ‘Best Serviced Residence Brand in China’, TTG Travel 2006 ‘Best Serviced Residence’, 2006 World Travel Awards, Business Traveller Asia Pacific 2006 ‘Best Serviced Residence Brand’ and ‘Best Serviced Residence’ awards.  For a full list of awards, please visit: Awards and Accolades.

Listed on the mainboard of the Singapore Exchange, The Ascott Group is the serviced residence arm of CapitaLand Limited, one of the largest listed real estate companies in Asia. Headquartered in Singapore, the multinational company's core businesses in real estate, hospitality and real estate financial services are focused in gateway cities in Asia Pacific, Europe and the Middle East. The company's real estate and hospitality portfolio spans more than 90 cities in over 20 countries.

For more information on The Ascott Group’s property listings, visit Group Directory Listing.



Celina Low, Vice President, Corporate Communications

Tel: (65) 6586 0475 

Hp: (65) 9682 5458 

Email: celina.low@the-ascott.com