The trustee-manager of Keppel Infrastructure Trust (KIT) has appointed Jopy Chiang as its new CEO, with effect from August 1.

Chiang, who is currently a senior vice president (investments) at Keppel Capital, will succeed Matthew Pollard, who will step down as CEO on July 31. Pollard was appointed CEO in May 2018.

According to the trustee-manager, Pollard is stepping down “to pursue other opportunities in the region”, and will be appointed as an adviser to the manager to ensure continuity and a smooth leadership transition.

Chiang joined Keppel Capital in 2019. Previously,  he was the head of execution at Mizuho Asia Infra Capital, a captive infrastructure fund owned by Mizuho Bank. Prior to that, he worked at Partners Group, Arcapita and Barclays Capital, and was based in Hong Kong, London and Singapore over the tenure of his career.

Chiang, 36, holds a Master of Finance from the University of Cambridge, UK, and a Bachelor of Business Administration from the National University of Singapore. He is also a CFA Charterholder.

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"Jopy brings to KIT his deep and diverse experience in infrastructure investments with a track record across origination, execution, operational improvements and successful value creation. The board is confident that Jopy will be able to lead KIT effectively on its next phase of growth and provide long-term and sustainable returns to unitholders,” says Daniel Ee, chairman and independent director of the manager.

Ee also expressed appreciation for Pollard’s contributions to KIT. “Under his leadership, KIT completed two successful acquisitions of Ixom and Philippine Coastal Storage & Pipeline Corporation, providing new growth pillars that will drive growth for the Trust,” he says.

Units in KIT closed flat at 56 cents on June 10.

Cover photo: Keppel Group