The Singapore Land Authority (SLA) has appointed Mr Lim Sim Seng, the Singapore Country Head of DBS Bank, as its new chairman.
He will replace outgoing chairman Mr Chaly Mah, who will finish his two-year term on July 31.
The SLA said Mr Mah, who also serves as chief executive officer at Deloitte Asia- Pacific, helped it to find new and better ways to free up more space for Singapore and Singaporeans, by tendering out disused land.
Examples include the Tanjong Pagar and Bukit Timah railway stations, which can now be rented out for private events.
Under Mr Mah's charge, the SLA has also made significant progress in incorporating the collection of location-specific data, or geospatial technology, into its work.
Mr Lim, 55, has been involved with the agency since 2011. On top of being the current deputy chairman, he also heads the SLA's Investment Board Committee.
The other members of the SLA's board who will see their term end by August are Mr George Lim, a partner in law firm Wee, Tay & Lim and Ms Teo Lay Lim, senior managing director at Accenture ASEAN.
Mrs Valerie Thean, former Deputy Secretary at the Ministry of Law, ended her term after being appointed to another position in March.
The new incoming members are the current Deputy Secretary at the Ministry of Law, Mr Poon Hong Yuen, and Mr Ang Cheng Hock, a partner at Allen and Gledhill.
Mr Wong Hong Kuan, the director of the Corrupt Practices Investigation Bureau has also been reappointed for another two-year term as a board member.
This article was first published on June 1, 2014.
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