BREAKING NEWS: Two former Sands senior executives join SJM

Benjamin Toh and Daniel Shim have been appointed as Chief Operating Officer (COO) for Finance and Development and Chief Corporate Affairs Officer (CCAO), respectively, of gaming operator SJM, Macau News Agency (MNA) has learned.

According to an internal memo signed by SJM’s Chairman of the Board of Directors Daisy Ho, to which MNA had access, both appointments take effect on September 21.

Toh and Shim have extensive experience as top casino and hotel executives, having both previously served stints at Sands.

Benjamin Toh was Sands China’s Chief Finance Officer (CFO) and Executive Vice President between 2010 and 2016 before joining Shangri-la Asia as CFO, while Daniel Shim served as Las Vegas Sands’ Senior Vice President of Human Resources – Asia between 2007 and 2010. Shim eventually joined MTR Corporation in Hong Kong also as an HR director.

Toh takes over the role of COO for Finance and Development, being in charge of budgeting, risk management, cage, treasury, investor relations, insurance and procurement.

Shim will become the operator’s CCAO with the portfolios of Human Resources, staff training and development, staff relations, internal corporate communication and community engagement strategies.

The move is part of a wider reshuffling at SJM’s top executive team, which included the appointments in June of Frank McFadden as COO for Gaming & Hospitality, Bernard Yip as President for Business Development and Paul Hung taking over as President for Security, Surveillance and ESG.

Also in early June, SJM’s Director and Assistant CEO Arnaldo Ho, son of Stanley Ho and fourth wife Angela Leong, has been appointed as President for International Business Development.

SJM is gearing up for the opening of its very first Cotai properties, Grand Lisboa Palace and Lisboeta, slated for the end of the year.

As MNA reported people that have attended SJM’s recent job fair told Macau News Agency that they received indications of a possible Grand Lisboa Palace opening for December 20.

SJM told MNA that property’s opening is ‘expected to open by the end of 2020, subject to obtaining necessary operating permits’ but without confirming the specific proposed date, which coincides with the Macau SAR handover anniversary.