Property listing platform Lamudi Philippines names new CEO

Kenneth Stern

Property listing platform Lamudi Philippines has roped in former RE/MAX Philippines country manager Kenneth Stern as its new chief executive officer, succeeding Bhavna Suresh, who has served the company for four years.

Stern joins Lamudi Philippines after a four-year stint at RE/MAX Philippines, the country’s largest real estate broker by the number of offices, agents, and transaction volume, according to an announcement.

“I could not be more eager to take on the challenge of leading the company to its envisioned hyper-growth phase, supporting the industry through the unprecedented crisis we’re currently facing,” Stern said.

Stern’s appointment as the company’s new CEO came four months after OLX Group-backed property listing platform EMPG has fully acquired Lamudi Global, a competitor operating in emerging markets, such as Indonesia, the Philippines, and Mexico, for an undisclosed amount.

The acquisition follows a string of major deals made by the Dubai-headquartered company, including the acquisition of Kaidee in Thailand and a $150 million strategic fundraise from OLX Group, which saw it merging with OLX’s MENA and South Asia businesses. The deal valued EMPG at over a billion dollars, propelling the company to unicorn status.

EMPG, or Emerging Markets Property Group, already owns several property listing platforms including Bayut in the UAE, Saudi Arabia, and Jordan, Dubizzle in the UAE, Zameen in Pakistan, Bproperty.com in Bangladesh, and Mubawab in Morocco and Tunisia, in addition to several OLX platforms across the GCC.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.