Macau casino operator SJM Holdings has announced Mr Toh Hup Hock as its new Chief Financial Officer following the retirement of Robert Earle McBain.
Toh, 55, assumes the role as of 1 January 2021, having spent the past three months serving as Chief Operating Officer (Finance & Development) of Sociedade de Jogos de Macau, S.A. – the SJM subsidiary that holds its Macau gaming concession. He previously served as Chief Financial Officer, Executive Vice President and Executive Director of Sands China Ltd from June 2010 to April 2016 and was CFO of Shangri-La Asia Limited from April 2016 to March 2019.
McBain, who first joined SJM in 2006, will be retained as an advisor to Sociedade de Jogos de Macau, S.A.
Toh’s elevation comes as the company prepares for the long-awaited opening of its new HK$39 billion (US$5 billion) Cotai integrated resort, Grand Lisboa Palace, in 1Q21 following a series of lengthy delays in recent years.
SJM recently reported a loss attributable to owners of the company of HK$1.03 billion (US$132.9 million) for the three months to 30 September 2020, impacted by the global COVID-19 pandemic.