KUALA LUMPUR, P Setia Bhd has appointed IJM Corp Bhd’s chief strategy officer, Tan Hwa Min, as its new deputy chief executive officer (CEO), effective Nov 17, 2025.
Tan, 49, previously served as chief operating officer of TRX City Sdn Bhd, where he was instrumental in developing the Tun Razak Exchange over nearly 24 years.
S P Setia noted that Tan’s family owns international hotel and investment businesses in Malaysia, Singapore, Australia, New Zealand, and China, in which he holds direct and indirect shareholdings. To address potential conflicts of interest, Tan will abstain from any decisions related to the group’s hotel business.
Alongside Tan’s appointment, S P Setia also announced that senior executive vice-president Datuk Yuslina Mohd Yunus will become chief operating officer (COO) from Oct 1, 2025, succeeding Datuk Zaini Yusoff, who will take over as president and CEO.
Yuslina, who joined S P Setia in 2018 from I&P Group, currently oversees six major townships, stakeholder operations, asset management, and the S P Setia Foundation.
Chairman Tan Sri Syed Anwar Jamalullail said the leadership changes reflect the group’s commitment to building a future-ready management team by combining external expertise with internal talent.
Since its founding in 1974, S P Setia has established itself as one of Malaysia’s leading property developers, known for its innovative and high-quality projects in the Klang Valley and Johor Baru.
