Sands China, the Asian branch of Las Vegas Sands, a U.S. based casino firm, is reshuffling executive roles around. According to a filing with the Hong Kong Stock Exchange, a new Chief Operating Officer (COO) is coming on board and Wilfred Wong, who currently serves as COO and President in a dual role, will remain with the business, but without the previous title. Sands China was also planning on picking up a new general counsel, with these changes were taking place as of Friday.
Grant Chum is now the COO of the organisation, granting him a promotion from his position as personnel leader. He will manage all the day-to-day activities, as well as serve as a director of several of Sands China’s regional subsidiaries. This gives Wong more time to devote to guiding the company’s direction, with a focus on its long-term strategies and growth in and around Macau. After joining the company five years ago, Wong has filled both the COO and President positions.
The firm says about Chum’s credentials: “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 Honours from the University of Oxford.”
Through Dylan James Williams comes the new general counsel as well as the company secretary. Williams had previously served as Senior VP of Legal and Company Secretary since January 2017, but began as its debt-compliance manager with Sands China in 2006.
The company explained: “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 is coming at a good time for the business. Sands China, as well as other casino operators in Macau, will be looking at a licence renewal in town in 2022, and the company will now be better structured to ensure that when that time comes there will be no problems.