SJM holdings announces a management reshuffle
Macao’s oldest gaming concessionaire has a new chief financial officer, one with extensive experience in investments, real estate and corporate finance.
Effective yesterday, Ip Shih Ming has taken over from Toh Hup Hoc as SJM Holdings’ chief financial officer (CFO), the company’s board of directors has announced.
Toh, who had been both CFO and the chief operating officer (COO) at the gaming concessionaire, remains in the latter role.
The new CFO, Ip, has “extensive experience in the businesses of investments, real estate transactions and corporate finance,” a statement from SJM Holdings read.
[See more: SJM’s gross gaming revenue barely moved in the third quarter]
The 54-year-old was previously CFO at the Hongkong and Shanghai Hotels, and has held senior management positions at the Jardine Matheson Group, Morgan Stanley and Deutsche Bank.
Ip holds a BA (majoring in international relations) from Brown University in the US, and an MBA from the London Business School in the UK.
SJM Holdings was Macau’s first gaming concessionaire. Its flagship property is the iconic Grand Lisboa.
