Lewis Ng
NYSE-listed Southeast Asian proptech group PropertyGuru has announced that its current CEO, Hari V. Krishnan will step down to pursue other interests.
He has been replaced by Lewis Ng, who previously served at PropertyGuru for six years (2014-2019) as Managing Director of Singapore and Chief Business Officer.
Ng will assume the role of CEO in March 2025.
Krishnan, who played a key role in transforming PropertyGuru from a startup to a market leader in Southeast Asia, will continue to be involved with the company as Senior Advisor to the Board.
The new CEO Ng has experience in leadership positions at global brands such as Apple and TripAdvisor and Southeast Asian unicorn Carousell. He most recently served as Chief Operating Officer at SEEK Asia.
Also Read: EQT completes PropertyGuru acquisition
PropertyGuru also announced the appointment of Trevor Mather as the Chairman of the Board of Directors. Mather has experience scaling marketplace businesses, previously serving as CEO of Auto Trader. He is currently Chairman of Baltic Classifieds Group.
The Board of Directors includes Janice Leow, Partner in the EQT Private Capital Asia advisory team and Head of EQT Private Capital Southeast Asia, and Ed Williams, founder and ex-CEO of Rightmove, Chairman of Trade Me and former Chairman of Auto Trader.
Founded in 2007 and headquartered in Singapore, PropertyGuru is one of the notable proptech platforms in Southeast Asia (SEA). The company said that it connects over 31 million property seekers with more than 50,000 agents across Singapore, Malaysia, Thailand and Vietnam each month.
Its services included extensive real estate listings, data-driven insights, and mortgage solutions such as PropertyGuru Finance and enterprise client solutions under PropertyGuru for Business.
Last year, the group was acquired by BPEA Private Equity Fund VIII Limited (EQT Private Capital Asia) for US$1.1 billion in an all-cash transaction.
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