Television

Ascendas announces new CEO for India Operations

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BANGLORE :Leading business space solutions provider, Ascendas is pleased to announce the appointment of Mr Lee Fu Nyap as Chief Executive Officer of Ascendas India Operations, effective 1 October 2013. Mr Lee, who is currently Assistant CEO of Ascendas India operations, will succeed Mr Thomas Teo, who is relocating to Ascendas’ headquarters in Singapore to assume his role as Chief Real Estate Development Officer.

Mr Lee has served Ascendas for more than 15 years and has been based in India for the past 8 years in various senior leadership roles.

Mr Lee is familiar with India and has played a crucial role in establishing Ascendas’ landmark project International Tech Park Chennai. He had also contributed significantly towards managing Ascendas’ portfolios in India and will be driving the organisation’s expansion plans in the country.

Commenting on Mr. Lee’s appointment, Mr. Jonathan Yap, Assistant Group CEO, Overseas Funds and India said, “India is among Ascendas’ largest market overseas and we are happy that Fu Nyap is stepping up to lead India Operations. Fu Nyap’s 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. We thank Thomas for his contribution and are glad that his experience in India will be useful in his new role at the Group level.”

Ascendas is close to completing over two decades of operations in India. From initially just 69 acres in Bangalore, Ascendas currently has over 1,500 acres of development spread across six cities in India. With 7 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.

Profile of Mr Lee Fu Nyap - CEO, India Operations (Effective October 1, 2013)

Mr Lee Fu Nyap rejoined the Ascendas Group in 2005, and is CEO – India Operations. Mr Lee has about twenty years of regional real estate experience in valuation, investment, operation, development and portfolio asset management. Mr Lee has in-depth knowledge and experience in developing and managing business in India, China, Indonesia, Malaysia, Phillipines, Thailand and Singapore, where he spearheaded some of the flagship projects of Ascendas.

Other than Ascendas Group, Mr Lee has worked with Keppel Land International Pte Ltd where he was instrumental in setting up two residential projects in Bangalore and with Inland Revenue Authority of Singapore where he conducted valuation exercise for property tax purpose.

Mr Lee’s involvement with India dates back to the early days of International Tech Park Bangalore in 1994 and has also played a crucial role in establishing Ascendas’ International Tech Park Chennai.

Mr Lee holds a Bachelor of Science in Estate Management (Honours) from the National University of Singapore and a Masters degree in Business Administration from Leicester University.



Mr Lee is based out of the Ascendas India HQ in Bangalore.

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