Manager of Ascendas REIT (SGX:A17U), Ascendas Funds Management (S) Limited, has appointed Miguel Ko as vice-chairman and non-executive director, the REIT disclosed on 30 December in a Singapore Exchange filing.

Ko is currently chief executive of Ascendas-Singbridge, a recently merged entity that is jointly owned by Temasek Holdings and JTC Corp. The appointment will take effect from 1 January 2016.

Present vice-chairman, Manohar Khiatani, will relinquish his vice-chairmanship on the same date but will however and remain as a non-executive director.

Units of Ascendas REIT are currently listed on the Singapore Exchange at SGD2.25.