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 Raffles International Appoints of Ms Leong Wai Leng
as Chief Executive Officer

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SINGAPORE, 30 September 2004  – Raffles International is pleased to announce the appointment of Ms Leong Wai Leng as Chief Executive Officer of Raffles International Limited with effect from 1 October 2004.  Raffles International is the hotel management arm of Raffles Holdings Limited and markets its hotels and resorts under two brands -- Raffles Hotels & Resorts and Swissôtel Hotels & Resorts.
 
Ms Leong, who is currently the Deputy Chief Executive Officer of Raffles Holdings Limited and the Executive Director of Raffles International, has had the opportunity over the last three years to lead the various corporate departments within the Group.  In the past year and a half, she has also been actively involved in the operational aspects of the business.  In her appointment as CEO of Raffles International, Ms Leong will continue to work with Ms Jennie Chua, who continues in her position as Chairman of Raffles International and President and CEO of Raffles Holdings.
Ms Leong Wai Leng
Ms Chua said, “I am very pleased with the appointment of Wai Leng as CEO of Raffles International. Wai Leng has a strong grasp and good understanding of the group’s business, and this is indeed an opportune time to recognise her contributions to the company and to better define her role.” 

Over the past year and a half, Raffles International has been on a path of steady growth with the addition of six management agreements.  Three luxury resorts were added to the Raffles Hotels & Resorts portfolio, including Raffles Resort Canouan Island in the Grenadines.  And through Swissôtel Hotels & Resorts, the group gained foothold in Japan and Russia with the addition of Swissôtel Nankai Osaka and Swissôtel Krasnye Holmy Moscow.  This is in line with the Group’s stated objective to pursue an asset-light strategy to grow its global portfolio of hotels through an appropriate mix of management and lease contracts.

Ms Chua added, “We are reaping the benefits of this asset-light strategy and will continue to grow in this direction.  Wai Leng joins me in thanking all our people for their contributions towards the growth of the company.  We look forward to their continued support.”

About Raffles Holdings Limited & Raffles International Limited

Raffles Holdings Limited is a hospitality company listed on the Singapore Exchange Securities Trading Limited. It is headquartered in Singapore and has an approximate 12,000-room portfolio comprising hotels and resorts in 33 destinations across Asia, Australia, Europe, North America and South America. 

Raffles International Limited is the hotel management arm of Raffles Holdings Limited. Formed in 1989, Raffles International Limited is a name well respected in the industry for its standards of quality, award-winning concepts and innovative approach towards hotel management. Raffles International markets its hotels and resorts under two brands -- Raffles Hotels & Resorts and Swissôtel Hotels & Resorts. 


 
Contact:
Maria Nakpil
Director Brand Marketing
Raffles International Ltd
Tel: (65) 6430 1155
Email: maria@raffles.com
www.raffles.com
Also See: JSC Moskva Krasnye Holmy Appoints Raffles International to Manage a 235-room Swissôtel Branded Hotel in Moscow / June 2004
Hong Kong-based Veritas Limited Building Raffles Taimana Resort Tahaa, French Polynesia / August 2004


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