Suntrust Resort Holdings appointed Yip Ho Chi as its new Chief Financial Officer following a Board of Directors meeting on January 2, 2025. The company officially announced the appointment in a filing with the Philippine Stock Exchange.
Yip will serve as CFO for the remainder of Sutharshan Kandiah’s term while the company searches for a permanent successor. Suntrust confirmed that Kandiah has officially resigned and relinquished all related duties.
Yip, a seasoned finance executive and native of Hong Kong, brings extensive experience to the role. He previously served as CFO for several publicly listed companies on The Stock Exchange of Hong Kong. Specifically, he held the CFO position at Summit Ascent Holdings Limited starting in 2013, at Melcolot Limited (now Crypto Flow Technology Limited) from 2009 to 2013, and at Sandmartin International Holdings Limited from 2000 to 2009.
Moreover, Yip spent eight years in auditing with Deloitte Touche Tohmatsu between 1992 and 2000. He gained recognition for his expertise in financial management, IPOs, and corporate governance. Yip also holds fellowships with The Hong Kong Institute of Certified Public Accountants and The Association of Chartered Certified Accountants. Additionally, he earned a Bachelor’s Degree in Business Administration, concentrating in Accounting and Finance, from The University of Hong Kong in 1992.
Suntrust’s primary project, the $1.1 billion Westside City development, features a five-star hotel and casino located within Entertainment City in Manila. This project operates under a lease agreement with Travellers International Hotel Group, a subsidiary of Alliance Global Group (AGI) and the parent company of Newport World Resorts.
Originally, Suntrust planned to open Westside City in late 2024. However, the launch date moved to the first quarter of 2025. Recently, Suntrust confirmed that the project remains on track for its revised opening timeline.
