The Board of Directors of City Developments Limited (CDL) announced the appointment of Mr. Frank Khoo as its Group Chief Investment Officer (Group CIO) with effect from 1 February 2018. As Group CIO, Mr. Khoo will assist the Group Chief Executive Officer (Group CEO) in the sourcing and execution of new investment opportunities while also setting up a dedicated fund management platform. Most recently, as the Global Head of Asia of AXA Investment Manager - Real Assets from September 2008 to November 2017, Mr. Khoo oversaw all real estate activities for AXA IM Real Assets in Asia, including investment, transaction, fund management, asset management, capital raising and finance. Under his leadership, he built the Asian business from scratch, putting together teams in Australia, Singapore, Korea and Japan and eventually achieved total Assets Under Management (AUM) of S$10 billion for Asian clients in Asia and Europe.