Macau concessionaire SJM Resorts has announced the appointment of its former Chief Financial Officer, Ben Toh Hup Hock, as the company’s new Chief Operating Officer.
Toh, a former executive with Sands China before joining SJM as Chief Operating Officer (Finance and Development) in 2020 and becoming Chief Financial Officer in early 2021, will assume his new role from today, 6 December 2023.
The redesignation of Toh will also see Christopher Ip Shih Ming appointed Chief Financial Officer of SJM Resorts. According to details provided by SJM, Ip brings extensive experience in the businesses of investments, real estate transactions and corporate finance, having held senior management positions in the Jardine Matheson Group, Morgan Stanley and Deutsche Bank.
He most recently served as an executive director and Chief Financial Officer of The Hongkong and Shanghai Hotels, Ltd from January 2021 to March 2023.
SJM last month reported a loss attributable to owners of the parent of HK$410 million (US$52.5 million) for the three months to 30 September 2023, in part due to the slow ramp of its Cotai integrated resort Grand Lisboa Palace.