Singapore, Nov 16: PropertyGuru Group Limited (NYSE: PGRU), Southeast Asia’s leading property technology (“PropTech”) company, has announced the appointment of Ray Ferguson as Chairman of the Board, effective January 1, 2024.
Ferguson, an independent non-executive director, will succeed Olivier Lim, who has served as the Chair of PropertyGuru’s Board since September 2019.
During Lim’s tenure, PropertyGuru experienced significant growth, achieving a successful scaled-up business with improved economics and consistent double-digit revenue growth.
Under his leadership, the company expanded into fintech, data, and software solutions, making successful acquisitions in Malaysia, Thailand, and Singapore.
Lim also oversaw PropertyGuru’s successful public listing on the New York Stock Exchange in March 2022.
Ferguson brings a wealth of experience in banking, having spent 28 years with Standard Chartered Bank across Asia, the Americas, the Middle East, and Europe.
His last position at Standard Chartered was as Chief Executive Officer, in Singapore.
Currently serving as the Chairman of Singlife Group, Ferguson holds roles on the board of Paragon REIT, is Chairman and Co-founder of ZEN Yachts, and serves as non-executive Chairman at fintech company Hashstacs Pte. Ltd.
Recognized for his contributions, Ferguson was awarded the Distinguished Fellow title by the Institute of Banking and Finance, Singapore, and is a member of the Singapore Institute of Directors.
He holds a Master of Business Administration degree from Henley Management College.
Expressing gratitude for Lim’s leadership, Hari V. Krishnan, Chief Executive Officer and Managing Director, looks forward to working with Ferguson as PropertyGuru enters its next phase of growth. Krishnan acknowledges Lim’s mentorship and contributions during a period of strong growth, expansion, and strategic decision-making, including the successful public listing.
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