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Frasers Hospitality Trust Managers Appoint New CEO

Frasers Hospitality Trust Managers Appoint New CEO

April 9, 2021 – Frasers Hospitality Asset Management Pte. Ltd., as manager of Frasers Hospitality REIT, and Frasers Hospitality Trust Management Pte. Ltd., as trustee-manager of Frasers Hospitality Business Trust (collectively known as the Managers), today announced Ms Eu Chin Fen will be appointed as the Chief Executive Officer (CEO) of the Managers with effect from 10 April 2021.

She takes over from Mr Colin Low, whose last day of service is 9 April 2021.

Ms Eu is currently the Chief Investment Officer of Frasers Hospitality International Pte. Ltd..

In this role, she assists the CEO of the Hospitality Strategic Business Unit of Frasers Property Limited together with its subsidiaries, the Frasers Property Group in developing and implementing the business and investment strategies of the hospitality business in line with the broad directions of the Frasers Property Group.

Ms Eu joined the Frasers Property Group in 2011, and she was also the CEO of the Managers at the time Frasers Hospitality Trust (FHT) was listed in July 2014 until June 2019.

Said Mr Law Song Keng, Chairman of the Managers: “Chin Fen has an intimate understanding of FHT. She was instrumental in growing FHT’s initial portfolio of S$1.67 billion to S$2.40 billion, before relinquishing her role in June 2019. Her familiarity with FHT and in-depth knowledge of the real estate investment trust sector will provide stability to FHT, as it navigates through the pandemic. The Board looks forward to working closely with Chin Fen and her team, as we continue to position FHT for an eventual recovery.”

A Chartered Financial Analyst, Ms Eu holds a Bachelor of Business degree in Financial Analysis from Nanyang Technological University, Singapore.

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