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Ascendas appoints Lee Fu Nyap as CEO of India operations

MUMBAI: Ascendas, a Singapore-based property group, said it has appointed Lee Fu Nyap as Chief Executive Officer for its India operations, effective from October 1. 

Nyap, who is currently the Assistant 
CEO will succeed Thomas Teo, who is relocating to Ascendas' headquarters in Singapore to assume his role as Chief Real Estate Development Officer, the company said in a statement. 

With over 15 year of service in Ascendas, Nyap has played a crucial role in establishing Ascendas' landmark project International Tech Park Chennai, it said. 

"India is among Ascendas' largest market overseas and we are happy that Nyap is stepping up to lead India operations. 

"His deep seated industry experience and understanding of the 
Indian market is critical in growing Ascendas India and navigating it through the challenges and opportunities ahead," Assistant Group CEO for overseas funds and India Jonathan Yap said. 

With seven operational IT parks catering to over 330 clients and 77,000 skilled professionals, Ascendas is now also focusing on developing integrated projects with sector specific SEZs, commercial, residential and supporting social amenities in Chennai and Gurgaon, the release said.