PropertyGuru appoints Ray Ferguson chairman of the Board from Jan, 2024

• Succeeds Olivier Lim, PropertyGuru Board chair since 2019
• Extensive banking career spanning Asia, Americas, Middle East & Europe

PropertyGuru Group Limited announced the appointment of Ray Ferguson (pic) as an independent non-executive director and chairman of the Board, effective January 1, 2024.

Ferguson will succeed Olivier Lim, who has chaired PropertyGuru’s Board since September 2019, according to a statement from the company.

The statement notes that Lim has overseen PropertyGuru's growth into a successfully scaled-up business, with significantly improved economics and consistent double-digit revenue growth. During his tenure, the company ventured into business adjacencies of fintech, data, and software solutions, expanding its presence across Southeast Asia through acquisitions in Malaysia, Thailand, and Singapore.

Significantly, he also oversaw the successful public listing of the company on the New York Stock Exchange in March 2022.

Ferguson boasts an extensive banking career, spanning 28 years with Standard Chartered Bank across Asia, the Americas, the Middle East, and Europe. His last role at Standard Chartered Bank was as the CEO of Singapore. Additionally, he has served as chairman and director of several subsidiary boards of Standard Chartered Bank.

Currently, Ferguson holds the position of chairman at Singlife Group, serves on the board of Paragon REIT as an independent non-executive director, acts as the chairman and co-founder of Zen Yachts, and holds the non-executive chairman position at fintech company, Hashstacs Pte. Ltd.

He was awarded the Distinguished Fellow title by the Institute of Banking and Finance, Singapore, and is a member of the Singapore Institute of Directors. Furthermore, he is an Associate of the Institute of Bankers in Scotland.

Hari V. Krishnan, CEO and managing director of PropertyGuru, said “On behalf of the Board and management team, I would like to thank Lim for his leadership over the past four years. He has been an invaluable mentor to the group leadership team and me personally as we navigated a challenging economic environment with strong growth, expansion, and making some big bets.“

He added that most significantly, under Lim’s guidance, the team took the company public. 

“As we plan for our next phase of growth, I am personally delighted to be working with a seasoned chairman and business builder like Ferguson,” Hari said.

Ferguson holds a Master of Business Administration degree from Henley Management College.