The Asian arm of U.S.-based gambling company Las Vegas Sands, Sands China, is making some changes around at the top. A new chief operating officer (COO) has been appointed and Wilfred Wong, who currently plays a dual role as COO and president, will remain with the company, but without the previous title, according to a filing with the Hong Kong bourse. Also, Sands China is getting ready to pick up a new general counsel, and as of today, all changes are taking place.
As reported by calvinayre.com, Grant Chum is currently the company’s COO, giving him a promotion from his position as chief of staff. He will manage all of the daily operations, besides continuing as a director of several of Sands China’s subsidiaries across the region. This allows Wong more time to commit to guiding the direction of the company, with a focus on its long-term strategies and development in and around Macau. Since he joined the company five years ago, Wong has enjoyed both the COO and president roles.
About Chum’s credentials, the company says, “Chum Kwan Lock, Grant, aged 44, has been our Chief of Staff since March 9, 2015 and is also a director of a number of our subsidiaries. Mr. Chum joined Las Vegas Sands Corp. and our Group as Senior Vice President, Global Gaming Strategy in July 2013. Prior to joining the Group, Mr. Chum spent 14 years at UBS Investment Bank (“UBS”) in a variety of roles, including serving as head of Hong Kong equity research from 2010 to 2013, and head of China equity research from 2007 to 2010. Mr. Chum was also responsible for Asia gaming equity research from 2006 to 2013 for UBS and was named Asia’s stock-picker of the year by the Financial Times in 2011. Mr. Chum graduated in Philosophy, Politics, and Economics with First Class Honors from the University of Oxford.”
The new general counsel, along with company secretary, comes by way of Dylan James Williams. Williams was earlier working with the title of Senior VP of Legal and Company Secretary since January 2017; however, began with Sands China in 2006 as its debt compliance manager. The company adds:
“Dylan James Williams, aged 44, has been our Senior Vice President of Legal and Company Secretary since January 1, 2017 and is also a director of a number of our subsidiaries. Mr. Williams was the Company’s Associate General Counsel and Deputy Company Secretary from July 1, 2014, its Associate General Counsel from November 1, 2008 and its Debt Compliance Manager from July 31, 2006. Mr. Williams has played important roles in the Company’s various project financing since 2006 and was a key member of the legal team responsible for the listing of the Company on the Stock Exchange in 2009. Mr. Williams holds a Bachelor of Laws degree from the University of Wolverhampton, United Kingdom and is admitted to practice law in the State of New York.”
The new arrangement arrives at an appropriate time for the company. Sands China, along with other casino operators in Macau, will be looking at a license renewal in the city in 2022, and now the company will be better organized to make sure there aren’t any problems when that time comes.