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PropertyGuru Group Ltd (NYSE: PGRU), a Singapre-based proptech, has announced the appointment by its board of directors of Ray Ferguson as an independent non-executive director and chairman of the board, effective on New Year’s Day. He succeeds Olivier Lim, who has been chaired PropertyGuru’s board since September 2019.

Ferguson has an extensive career in banking, having been with Standard Chartered Bank for 28 years across Asia, the Americas, the Middle East and Europe. His last role at Standard Chartered Bank was CEO for Singapore, and he also served as chairman and director of several Standard Chartered Bank subsidiary boards.

Ferguson currently serves as the chairman of Singlife Group and is on the board of Paragon REIT as an independent non-executive director. He is also chairman and co-founder of ZEN Yachts and is the non-executive chairman at fintech company Hashstacs Pte. Ltd.

Hari V. Krishnan, PropertyGuru Group’s CEO and managing director, stated, “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.”