OUE group elevates Brian Riady as Deputy Chief Executive

Brian Riady, son of Stephen Riady is getting charge of a new role of Deputy Chief Executive of the family-controlled property and hospitality group OUE from January next year.

In his new role, Brian will assist his father in setting the group's strategic direction. He became CEO of OUE's hospitality division a year ago. Prior to that, he was Vice-President of strategy at the family's Lippo Group from 2013 to 2018. Prior to Lippo, he was an analyst at Credit Suisse USA.

The move is part of the group's succession plan, OUE said. Dr Riady, OUE's Executive Chairman, will also expand his existing role to become CEO with effect from Jan 1 next year, replacing long-time CEO Thio Gim Hock.

According to reports, Thio is retiring from the company after having held the position for more than 11 years. Separately, Isaac Chen Yi Chung has been appointed Chief Operating Officer with effect from Tuesday.

Chen joined OUE in 2008 and was most recently the acting CEO of OUE Hospitality Reit Management prior to the merger of OUE Commercial Reit with OUE Hospitality Trust. In his new role, he will be responsible for overseeing the implementation of the group's operations, namely in property development, leasing, retail, residential and hospitality.

Christopher James Williams, currently non-executive deputy chairman of OUE, will also become the group's non-executive General Counsel. OUE is also in the search process for a Chief Financial officer. 

Image source: DP Architects