PropertyGuru to Name Lewis Ng as Next CEO
Portfolio - People | Jan 13, 2025 | Aim Group
Singapore-based PropertyGuru is undergoing a major leadership transformation with the announcement that current CEO, Hari V. Krishnan, will step down on March 20, 2025, to explore new interests and will assume the role of senior advisor to the board. Krishnan's tenure was marked by significant achievements, including market leadership in Southeast Asia, numerous funding rounds, and a listing on the NYSE. Lewis Ng, who brings over 20 years of experience in the technology sector and expertise in sales, strategy, and operations, will take over as CEO. Trevor Mather has also been appointed board chairman, bringing his experience in scaling digital marketplace businesses, notably as CEO of Auto Trader in the UK. These changes signal PropertyGuru's strategic commitment to continue its growth and capitalize on its market position in Southeast Asia.
Sectors
- Real Estate Technology
- Digital Marketplaces
Geography
- Singapore – PropertyGuru is headquartered in Singapore, highlighting its significance and operational focus within the Southeast Asian market.
- Southeast Asia – Under Krishnan's leadership, PropertyGuru achieved market leadership in this region, indicating its primary geographic focus for growth and service delivery.
- United Kingdom – Trevor Mather, the newly appointed board chairman, has significant experience from the UK market, specifically through his role at Auto Trader.
Industry
- Real Estate Technology – PropertyGuru operates as a leading real estate marketplace, the industry classification encompasses platforms that leverage technology to facilitate property transactions.
- Digital Marketplaces – The company's transition under new leadership aligns with the strategic aims seen in digital marketplace environments, focusing on technology-driven and consumer-centric solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PropertyGuru | Company undergoing leadership change | Company | A leading real estate marketplace in Southeast Asia. |
| Hari V. Krishnan | Outgoing CEO and incoming Senior Advisor | Person | He led PropertyGuru to market leadership in Southeast Asia and multiple funding rounds. |
| Lewis Ng | Incoming CEO | Person | Has extensive experience in Asia's technology sector, previously holding leadership roles at PropertyGuru. |
| Trevor Mather | Board Chairman | Person | Brings experience from Auto Trader in the UK to help scale PropertyGuru's business. |