Date: 02 February 2010

Knight Frank reorganises for growth

During this period of market change, Knight Frank Singapore has actively reviewed its
operations in preparation for the next phase of growth.

“The vision of the company is to be The Trusted Advisor. We want clients to look at Knight
Frank as an organisation staffed with proactive and professional personnel who are best in
class. We want to be the preferred service provider to discerning clients”, according to Knight
Frank’s Group Managing Director, Mr Danny Yeo.

The company has started rolling out some initiatives to achieve its strategic objectives. Some of the initiatives are:

Re-organisation
The company is now reorganised into five service lines; namely, Advisory Services, Residential
Services, Commercial Services, Property Management Services and Retail Services. The aim of the restructure is to create better synergy and promote cross selling, so that we can leverage on each other to best serve clients in a seamless way.

With the re-organisation, Knight Frank is happy to announce the following appointments to lead the service lines:-

• Lydia Sng, promoted from Executive Director, Valuation to Managing Director, Advisory Services
• Peter Ow, promoted from Executive Director, Residential to Managing Director, Residential
  Services
• Foo Suan Peng, promoted from Executive Director, Investment Sales to Managing Director,
  Commercial Services
• Jordan Neo, will continue as Managing Director, Property Management Services
• Peter See-Toh, promoted from Managing Director, KFSCM to Managing Director, Retail Services

Talent renewal
The newly appointed service line Managing Directors are tasked to provide strategic leadership to the service line departments, identify and groom the next tier and next generation of leaders and to capitalise on the collective strength of working within and among service line departments. We will actively recruit talent from the industry, locally and abroad, and provide opportunities for existing staff to stretch and demonstrate their capabilities.

Salary restoration
As previously reported in the press, we have restored all pay cuts and also “pay back” all cuts. Hence, effectively, there was no pay cut at all. We thank staff for their understanding and standing together with us to ride out the challenging 12 months.

Remuneration structure
We have also reviewed our salary structure and aligned salaries, and reviewed our incentive schemes so as to motivate performers to excel.

The company believes that with these and other initiatives in the pipeline, Knight Frank is better
poised to serve clients and be The Trusted Advisor that clients can look forward to.