City Developments (CDL) has made changes to its senior management structure. CDL's managing director Kwek Leng Joo will assume the role of deputy chairman and relinquish his current position, while industry veteran Grant L Kelley will be appointed as chief executive officer. The changes will take effect from February 17, 2014.

Mr. Kelly, 49, has more than 20 years of experience in corporate strategy, private equity and real estate investment in Asia, the United Kingdom and the United States. Before this appointment, Mr. Kelley was head of real estate, Asia Pacific at Apollo Global Management.