PropertyGuru Group Limited (NYSE: PGRU), the leading property technology company in Southeast Asia, announced a pivotal change in leadership with the appointment of Mr. Ray Ferguson as the new independent non-executive director and Chairman of the Board, effective January 1, 2024.

Mr. Ferguson, a seasoned banking professional with a distinguished career spanning 28 years at Standard Chartered Bank, brings a wealth of experience to his new role. His last position at Standard Chartered was Chief Executive Officer, Singapore.

Currently serving as the Chairman of Singlife Group, Mr. Ferguson is also involved in various board positions, including Paragon REIT, ZEN Yachts, and fintech company Hashstacs Pte. Ltd.

The appointment follows the tenure of Mr. Olivier Lim, who has been the Chair of PropertyGuru’s Board since September 2019. Under Mr. Lim’s leadership, PropertyGuru achieved significant growth, expanded into fintech, data, and software solutions, and successfully went public on the New York Stock Exchange in March 2022.

In expressing his gratitude, Hari V. Krishnan, Chief Executive Officer and Managing Director of PropertyGuru, said, “On behalf of the Board and management team, I would like to thank Olivier for his leadership over the past four years. Most significantly, under his guidance, we took the Company public, and we thank him for all his contributions to the Company. As we plan for our next phase of growth, I am personally delighted to be working with a seasoned chairman and business builder like Ray.”

The Board’s decision to appoint Mr. Ferguson reflects PropertyGuru’s strategic focus on continued growth and innovation in the dynamic PropTech landscape. The Company looks forward to leveraging Mr. Ferguson’s expertise as they navigate the next chapter of their journey.