SJM Resorts appoints new COO

The Macau concessionaire SJM Resorts has announced that Ben Toh Hup Hock, the organization’s former CFO, has been appointed to the position of COO.

On December 6, 2023, Toh—who was designated Chief Financial Officer in early 2021 after having previously held the title of Chief Operating Officer (Finance and Development)—will start his new role.

Christopher Ip Shih Ming will become the Chief Financial Officer of SJM Resorts in accordance with Toh’s repositioning. With senior executive positions at Morgan Stanley, Deutsche Bank, Jardine Matheson Group, and other organizations, Ip has vast experience in corporate finance, real estate transactions, and investments. He was The Hongkong and Shanghai Hotels, Ltd.’s executive director and chief financial officer from January 2021 until March 2023.

SJM Resorts reported a loss of HK$410 million (US$52.5 million) for the three months ending September 30, 2023, which was attributed to the parent company’s shareholders. One factor contributing to the shortfall was the slow ramp-up of its Cotai integrated resort, Grand Lisboa Palace.

Original story by: IAG