© Reuters.
PropertyGuru Group Limited, a leading Southeast Asian online real estate company, has announced that Ray Ferguson will take over as Chairman of the Board starting January 1, 2024. Ferguson, who has an extensive 28-year career with Standard Chartered (OTC:) Bank where he served as CEO in Singapore, will succeed Olivier Lim.
During Lim’s leadership, which began in September 2019, PropertyGuru expanded its reach into fintech sectors and bolstered its presence with strategic acquisitions across Malaysia, Thailand, and Singapore. The company also celebrated a milestone with its successful listing on the New York Stock Exchange in March 2022.
Ferguson’s appointment comes at a time when PropertyGuru is navigating a period of significant growth. The platform currently serves nearly 37 million property seekers each month and boasts more than 2.8 million real estate listings. In addition to his upcoming role at PropertyGuru, Ferguson holds a chairmanship at Singlife Group and board positions at Paragon REIT, ZEN Yachts, and Hashstacs Pte. Ltd.
Hari V. Krishnan, the CEO and Managing Director of PropertyGuru, expressed gratitude for Olivier Lim’s contributions to the company’s success and welcomed Ferguson to steer PropertyGuru through its next growth phase. The prop-tech firm, founded in 2007, operates in five Southeast Asian countries and employs 57,000 agents, reflecting its significant influence in the region’s real estate market.
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