GPT Group has appointed former St George Bank chief financial ofiicer Michael Cameron as its chief executive and managing director, effective 1 May.
The group has also promoted director Ken Moss to chairman of the board and appointed Lim Swe Guan as a new non-executive director.
Lim's appointment follows a capital raising in October last year, which resulted in the GPT board offering Singapore government vehicle GIC Real Estate the opportunity to nominate a director.
GPT said the appointments placed the group in a strong position to progress its strategy and to deal with the challenges facing the Australian real estate investment trust sector.
Morningstar senior equity analyst David Parker said: "Of the three, the director representing the Singapore government has property experience and a good pedigree.
"The other two are somewhat disappointing."
