Melco appoints real estate finance expert as non-exec director

Melco Resorts and Entertainment on Wednesday announced the appointment of Ms Francesca Galante as independent non-executive director of the company.

Ms. Galante also becomes a member of each of the compensation committee and nominating and corporate governance committee of Melco with immediate effect.

According to a filing from Melco, Ms. Galante comes from the real estate financing sector.

She is the co-founder and a partner of First Growth Real Estate, a specialist advisory firm focused on real estate structured debt arranging, restructuring and special servicing throughout Continental Europe, since 2010.

Previously, Ms. Galante was an executive director in the real estate principal finance division at UBS Investment Bank in London. Prior to that she worked at Soros Real Estate Partners and Merrill Lynch. With 20 years of real estate investment and advisory experience in both Europe and North America, Ms. Galante has extensive experience on real estate transactions in office, hotel, residential and industrial asset classes.

Mr. Lawrence Ho, Chairman and Chief Executive Officer said, “We are extremely honored and privileged to have Francesca serving as a member of Melco’s Board. She brings a wealth of experience and will also provide a fresh and unique perspective to Melco’s Board. In addition, reflecting our continued commitment to best corporate governance practices, with Francesca’s appointment, Melco’s Board now comprises of a majority of independent directors.”