The Ascott Group (Ascott) has appointed Ms Jennie Chua as President & Chief Executive Officer with effect from 1 August 2007. She will be assisted by two deputies, Mr Chong Kee Hiong, the current Deputy CEO (Finance & Investment) and Mr Gerald Lee who has been appointed Deputy CEO (Operations).

Mr Chong Kee Hiong who is also the CEO of Ascott Residence Trust Management Limited will oversee the Group’s finance, investment, asset management, merger and acquisition, and investor relations functions. Mr Gerald Lee will oversee the Group’s global operations in Asia Pacific, Europe and the Gulf region.

In addition, Mr Ronald Tay will be Ascott’s Chief Investment Officer while Mr Ee Chee Hong has been appointed CEO, China and Mr Richard Ong, the Managing Director of China.

Ms Jennie Chua said: “These new appointments will bolster Ascott’s management bench strength and add to the Group’s capabilities. Ascott will be able to drive for greater growth and achieve our global expansion objectives by capitalising on our pole position in the serviced residence industry."