New Executive Hires at PropertyGuru
SINGAPORE, 28 January 2013 – PropertyGuru Group, Asia’
s dominant market leader for online residential and commercial property search, is pleased to announce two senior executive appointments to its management leadership team.
As the newly minted Chief Financial Officer for PropertyGuru Group, Michael Karb is no stranger to the Company as he was instrumental in securing and finalizing the strategic investment process between PropertyGuru and ImmobilienScout24 last year, the largest deal of its kind in the digital media space in South East Asia.
In his new post, Michael — whose expertise lies in Mergers & Acquisitions, Financial Planning & Analysis, and Business Analytics — will oversee the management and coordination of all financial reporting activities at PropertyGuru. In addition, he will be responsible for, among other things, PropertyGuru’s regional finances across PropertyGuru Group’s offices in four countries (Singapore, Malaysia, Thailand and Indonesia) and fine-tuning reporting issues.
Prior to joining PropertyGuru, Michael spent six years with Scout24 as Vice-President Controlling, reporting to its Group Chief Financial Officer. There, he was put in charge of Financial Planning & Analysis, Mergers & Acquisitions and purchasing. He also has experience in working at T-Online (Deutsche Telekom’s internet provider), private equity firms (ABN AMRO Capital and 3i) and in banking in Asia and Europe.
As Chief People & Culture Officer (CPCO), Christine Loo is responsible for ensuring that the values of PropertyGuru are effectively communicated and understood by employees at all levels. She will see to the development of a high-performance culture in the company, establish a comprehensive workforce strategy to hire, recruit and train talents to meet its performance and growth objectives, as well as provide clarity towards the expected behavior of all PropertyGuru employees.
Christine is equipped with a wealth of experience in supporting and coaching business managers in managing and leveraging high-potential employees, in motivating and retaining talent as well as the development of leadership and management skills.
For Steve Melhuish, Co-Founder and Group Chief Executive Officer of PropertyGuru, the two new hires are aligned with PropertyGuru Group’s aim of maintaining exponential growth in revenue numbers and dominant market share in 2013.
“Michael’s vast experience and know-how as Chief Financial Officer will safeguard governance and control processes, while fostering and cultivating stakeholder relationships in each core market.
Christine boasts an impressive track record with several high-profile organizations where she worked with senior leadership teams, and contributed to the successful execution of their business strategies. With her on board to build PropertyGuru’s human capital base, all our employees are ready and equipped with comparable expertise to take on new challenges in the new year,” he said.
ENDS
PropertyGuru Group
Headquartered in Singapore, PropertyGuru was co-founded in 2006 as a self-funded company, with a vision to make the property search process a breeze for buyers, sellers and investors. Taking advantage of Asia’s growing affluence for property and the online boom, it received its first VC investment funding in 2008. Since then, the company has grown rapidly, reaping profits and positive cashflow in 2009 and doubling revenue growth in 2011.
PropertyGuru is now Asia’s leading online property portal group, with a high-volume of online real estate presence across nine territories in Asia, including offices in Singapore, Malaysia, Indonesia, Thailand and partnerships with leading property websites in Australia, Hong Kong, India, Vietnam and China. It has a current inventory of electronic-driven properties including 83 million property pages with 500,000 residential and commercial properties listings from 200 developers to attract 9.8 million buyers and 24,000 paying real estate agent subscribers and developer advertisers, generating close to 300,000 advertiser enquiries monthly.
To date, PropertyGuru has also created 12 mobile applications in 4 countries and 3 languages which garnered 490,000 mobile application downloads, is the first to integrate website with social media as well as circulate Singapore’s only dedicated property print publication with dispersion outreach of over 3,500 key locations island-wide.
For more queries or to arrange for an interview, contact:
Katrina Karim
Mobile (+65) 9844 6618
Email katrina@thepublicrelationscompany.com
s dominant market leader for online residential and commercial property search, is pleased to announce two senior executive appointments to its management leadership team.As the newly minted Chief Financial Officer for PropertyGuru Group, Michael Karb is no stranger to the Company as he was instrumental in securing and finalizing the strategic investment process between PropertyGuru and ImmobilienScout24 last year, the largest deal of its kind in the digital media space in South East Asia.
In his new post, Michael — whose expertise lies in Mergers & Acquisitions, Financial Planning & Analysis, and Business Analytics — will oversee the management and coordination of all financial reporting activities at PropertyGuru. In addition, he will be responsible for, among other things, PropertyGuru’s regional finances across PropertyGuru Group’s offices in four countries (Singapore, Malaysia, Thailand and Indonesia) and fine-tuning reporting issues.
Prior to joining PropertyGuru, Michael spent six years with Scout24 as Vice-President Controlling, reporting to its Group Chief Financial Officer. There, he was put in charge of Financial Planning & Analysis, Mergers & Acquisitions and purchasing. He also has experience in working at T-Online (Deutsche Telekom’s internet provider), private equity firms (ABN AMRO Capital and 3i) and in banking in Asia and Europe.
As Chief People & Culture Officer (CPCO), Christine Loo is responsible for ensuring that the values of PropertyGuru are effectively communicated and understood by employees at all levels. She will see to the development of a high-performance culture in the company, establish a comprehensive workforce strategy to hire, recruit and train talents to meet its performance and growth objectives, as well as provide clarity towards the expected behavior of all PropertyGuru employees.
Christine is equipped with a wealth of experience in supporting and coaching business managers in managing and leveraging high-potential employees, in motivating and retaining talent as well as the development of leadership and management skills.
For Steve Melhuish, Co-Founder and Group Chief Executive Officer of PropertyGuru, the two new hires are aligned with PropertyGuru Group’s aim of maintaining exponential growth in revenue numbers and dominant market share in 2013.
“Michael’s vast experience and know-how as Chief Financial Officer will safeguard governance and control processes, while fostering and cultivating stakeholder relationships in each core market.
Christine boasts an impressive track record with several high-profile organizations where she worked with senior leadership teams, and contributed to the successful execution of their business strategies. With her on board to build PropertyGuru’s human capital base, all our employees are ready and equipped with comparable expertise to take on new challenges in the new year,” he said.
ENDS
PropertyGuru Group
Headquartered in Singapore, PropertyGuru was co-founded in 2006 as a self-funded company, with a vision to make the property search process a breeze for buyers, sellers and investors. Taking advantage of Asia’s growing affluence for property and the online boom, it received its first VC investment funding in 2008. Since then, the company has grown rapidly, reaping profits and positive cashflow in 2009 and doubling revenue growth in 2011.
PropertyGuru is now Asia’s leading online property portal group, with a high-volume of online real estate presence across nine territories in Asia, including offices in Singapore, Malaysia, Indonesia, Thailand and partnerships with leading property websites in Australia, Hong Kong, India, Vietnam and China. It has a current inventory of electronic-driven properties including 83 million property pages with 500,000 residential and commercial properties listings from 200 developers to attract 9.8 million buyers and 24,000 paying real estate agent subscribers and developer advertisers, generating close to 300,000 advertiser enquiries monthly.
To date, PropertyGuru has also created 12 mobile applications in 4 countries and 3 languages which garnered 490,000 mobile application downloads, is the first to integrate website with social media as well as circulate Singapore’s only dedicated property print publication with dispersion outreach of over 3,500 key locations island-wide.
For more queries or to arrange for an interview, contact:
Katrina Karim
Mobile (+65) 9844 6618
Email katrina@thepublicrelationscompany.com