Thailand Luxury property developer Raimon Land has announced Mr.Johnson Tan Chin Kwang as Raimon Land’s new CEO. Raimon Land currently has a portfolio of four on-going projects and a number of planned future projects on the horizon. With the THB 5 billion Northpoint property in Pattaya completed in 2010, from 2012 to 2014.
Johnson Tan joined Raimon Land’s Board of Directors on 1st February 2013, when he helped acquire the company for Singapore based JS Assets Management.
As the new CEO, Johnson Tan will devote his energy on the next strategic move for Raimon Land. “Our plan for Raimon Land is two-pronged. As we retain our core competence in developing high-end quality properties in Thailand, we will look at diversifying our revenue base by generating recurring revenue from non-residential segments”, he said.
Director and chief shareholder Lionel Lee commented: “We are fortunate to engage an experienced and dynamic individual like Johnson to reinforce our management team. Johnson’s vision and sharp analytical skills honed from his past career will add depth to the management as the company moves into our next growth phase.
Chairman Pradit Phataraprasit added: “Raimon has a long history and great potential. The company will benefit from Johnson’s network throughout the region as it charts the next stage of development. I am proud to say that he has the unanimous support from our entire board of directors.”
Johnson Tan holds a Bachelor of Arts and a Bachelor of Social Science Economics (Honors) degree from the University of Singapore where he graduated at the top of his class and was a recipient of the Lim Tay Boh gold medal and NUS Economics Society Book Prize. He has held senior roles in his 20 years of investment banking experience spanning New York, Hong Kong and Singapore. In Thailand, he has led the recapitalization of TMB Bank.
Tan takes over from previous CEO Hubert Viriot who is returning to a post with IFA Hotels and Resorts in Dubai. Earlier this year IFA disposed of a 24.97% stake in Raimon Land to Singapore’s JS Assets Management headed by Lionel Lee.