Board of Directors
Board of Directors of the Manager
The Board of Directors of the Manager is committed to ensuring that the highest standards of corporate governance are practiced throughout the Manager and the Trust, as a fundamental part of its responsibility to protect and enhance Unitholders' value and the financial performance of the Trust.
The Manager has general powers of management of the assets of the Trust. The Manager's main responsibility is to manage the Trust's assets and liabilities for the benefit of Unitholders and it will ensure that the business of the Trust is carried on and conducted in a proper and efficient manner, and will conduct all transactions with or for the Trust at arm's length.
The Board is responsible for the overall corporate governance of the Manager including establishing goals for the management of the Trust and monitoring of the achievement of these goals. The Board is also responsible for the strategic business direction and risk management of the Trust.
George Wang Chairman, Non-Executive Non-Independent Director and Member of the Nominating and Remuneration CommitteeView Profile
Mr Wang was appointed as a Director on 7 August 2009 and reprised the role as Chairman of the Manager on 16 January 2014. He was previously the Chairman from 7 August 2009 to 19 April 2012.
Mr Wang is the founding Executive Chairman of AIMS Financial Group and an active participant in both the Australian and Chinese financial services industries. Established in 1991, AIMS Financial Group is a diversified financial services and investment group, active in the areas of mortgage lending, securitisation, investment banking, funds management, property investment, private equity, venture capital, stock broking and high-tech investment and a strategic investor in Sydney Stock Exchange. Mr Wang is also the Deputy Chairman of Sydney Stock Exchange. Mr Wang is the Executive Chairman of AIMS Fund Management Limited, the responsible entity for AIMS Property Securities Fund, a diversified real estate securities fund, which is listed on the Australian Securities Exchange and the Singapore Stock Exchange.
Mr Wang is the President of the AustChina Finance & Investment Council. As the President of AustChina Finance & Investment Council, Mr Wang has been laying the foundation for the financial bridge between Australia and China for many years, closely following the development of the Chinese financial sector, at the same time building a professional team. Mr Wang is also a patron of the Taronga Foundation which is affiliated with the Taronga Zoo based in Sydney, Australia which operates wildlife conservation programs.
Norman Ip Ka CheungNon-Executive Lead Independent Director, Chairman of the Audit, Risk and Compliance Committee and Member of the Nominating and Remuneration CommitteeView Profile
Mr Ip was appointed as a Director on 31 March 2010, and as the Lead Independent Director and the Chairman of the Audit, Risk and Compliance Committee on 31 March 2017.
Mr Ip is a Chartered Accountant by training and has over 36 years of experience in finance, accounting and general management. From 2000 to 2009, he held the position of the President and Group Chief Executive Officer of The Straits Trading Company Limited ("STC"), the main activities of which are in real estate, mining and hospitality. Prior to joining STC in 1983, he was with Ernst & Whinney (now known as Ernst & Young LLP).
Mr Ip is an Independent Director of Great Eastern Holdings Limited and is a director of its principal subsidiaries, including The Great Eastern Life Assurance Company Limited, The Overseas Assurance Corporation Limited, Lion Global Investors Limited, Great Eastern Life Assurance (Malaysia) Berhad, Overseas Assurance Corporation (Malaysia) Berhad and Great Eastern Takaful Bhd. Currently, he is also the senior advisor to United Engineers Limited. In addition, he serves as a member of the Building and Construction Authority Board and the Securities Industry Council.
Mr Ip holds a Bachelor of Science (Economics) from the London School of Economics and Political Science. He is a Fellow of both the Institute of Chartered Accountants in England and Wales and the Institute of Singapore Chartered Accountants.
Peter Michael HengNon-Executive Independent Director, Member of the Audit, Risk and Compliance Committee and Member of the Nominating and Remuneration CommitteeView Profile
Mr Heng was appointed as a Director on 31 March 2017.
Mr Heng has over 31 years of investment management experience. Before this appointment, Mr Heng held the position of Senior Vice President and Chief Investment Officer at NTUC Income Co-operative from 2009 until his retirement in 2015. Prior to that, Mr Heng served as the Chief Investment Officer of Manulife Asset Management (Singapore) Pte. Ltd. and Straits Lion Asset Management Ltd..
Mr Heng holds a Bachelor of Science (Economics) from the London School of Economics and Political Science.
Steven Chong Teck SinNon-Executive Independent Director, Member of the Audit, Risk and Compliance Committee and Member of the Nominating and Remuneration CommitteeView Profile
Mr Chong was appointed as a Director on 1 October 2018
Mr Chong has 32 years of experience in technology, business, finance and general management. From 1986 to 2004, Mr Chong served in various directorial and management positions with Seksun Corporation Ltd (subsequently known as Enporis Greenz Limited), Glaxo Wellcome Asia Pacific, China-Singapore Suzhou Industrial Park Development Co., Ltd, Standard Chartered Bank and the Economic Development Board. He has also served as a board member of the Accounting and Corporate Regulatory Authority (“ACRA”) from 2004-2010 and the National Kidney Foundation from 2008-2010, and as ACRA’s Investment Committee Chairman.
Mr Chong has over 19 years of experience as an independent director and currently serves as independent director and Audit Committee Chairman for Civmec Limited, InnoTek Ltd, and Accordia Golf Trust Management Pte. Ltd. He is also an independent director of Changan Minsheng APLL Logistics Co., Ltd, a leading automobile logistics firm in China which is listed on the mainboard of the Hong Kong Stock Exchange. He has also served as independent director of various companies listed on the Singapore and Australia stock exchanges.
Mr Chong holds a Bachelor of Engineering from the University of Tokyo, Japan, and a Master of Business Administration from the National University of Singapore.
Ko Kheng Hwa Non-Executive Independent Director, Member of the Audit, Risk and Compliance Committee and Chairman of the Nominating and Remuneration CommitteeView Profile
Mr Ko Kheng Hwa was appointed as a Director on 21 January 2019 and was appointed as the Chairman of the Nominating and Remuneration Committee on 20 February 2019.
Mr Ko has more than 30 years of experience in leadership and international business. He has held leadership positions in various entities in the Singapore public sector, including serving as Managing Director of the Singapore Economic Development Board and as CEO of the JTC Corporation and the National Computer Board (now re-organised into the Government Technology Agency and the Infocomm Media Development Authority).
In the business sector, he served as CEO of the Temasek-linked Singbridge International Singapore Pte Ltd and CEO of the Sustainable Development & Living Business Division of Keppel Corporation Ltd. He was Chairman of Pacific Internet Ltd, which was previously listed on the NASDAQ stock market, and Arcasia Land Pte Ltd (now known as Ascendas Land (Singapore) Pte Ltd).
He also held the post of Lead Independent Director at iX Biopharma Ltd, a company listed on the Singapore Stock Exchange.
Mr Ko held various leadership positions during his time in China, having served as board director of the China-incorporated joint venture companies that master-developed the Sino-Singapore Guangzhou Knowledge City and the Sino-Singapore Tianjin Eco-City.
Mr Ko is currently Chairman of Envision Digital International Pte Ltd and Senior Advisor to the Envision Digital Group, as well as an Independent Director at Ho Bee Land Limited which is listed on the Singapore Stock Exchange. He also serves as Senior or Expert Advisor to several companies including the Boston Consulting Group International, Inc.
Mr Ko holds a Bachelor of Arts (Honours) in Civil Engineering from the University of Cambridge, a Master of Science in Management from the Massachusetts Institute of Technology, and completed the Advanced Management Program at the Harvard Business School. He is also a Fellow of The Institution of Engineers, Singapore and a Fellow of the Singapore Computer Society. Mr Ko was a President Scholar and was awarded the Public Administration Gold Medal by the Singapore Government.
Nicholas Paul McGrath Non-Executive Non-Independent Director and Member of the Nominating and Remuneration CommitteeView Profile
Mr McGrath was appointed as a Director on 26 February 2010.
Mr McGrath held the position of Chief Executive Officer of the Manager from 12 January 2009 until 31 December 2013. He remains on the Board of the Manager in the capacity of a Non-Executive Non-Independent Director. Mr McGrath is currently the fund manager of the AMP
Capital Wholesale Office Fund, an A$5.6 billion prime commercial office fund with assets located in Sydney, Melbourne and Perth.Prior to joining AMP Capital and the Manager, Mr McGrath was the Chief Executive Officer of Allco Commercial REIT (now known as Frasers Commercial Trust) and Managing Director of Allco (Singapore) Limited. Mr McGrath moved to Singapore in 2005 to establish Allco (Singapore) Limited's real estate funds management business and was responsible for growing assets under management in excess of S$2.0 billion. Prior to that, he spent over five years with Allco Finance Group in Australia in a range of senior executive roles in its property funds management and structured finance divisions. Mr McGrath has over 18 years of experience in real estate investment and fund management.
Mr McGrath was a lawyer at a leading Australian law firm, Blake Dawson (now known as Ashurst) before joining Allco Finance Group.
Mr McGrath holds a LL.B and a Bachelor of Business from the University of Technology, Sydney and a Graduate Diploma of Applied Finance & Investment from Securities Institute of Australia.
Koh Wee Lih Executive Director and Chief Executive OfficerView Profile
Mr Koh joined the Manager in December 2008 and was appointed the Chief Executive Officer of the Manager on 1 January 2014. He was subsequently appointed as a Director on 29 January 2014. Prior to this appointment, Mr Koh was the Head of Real Estate for the Manager since October 2011 and its Senior Investment Manager before that.
As the Chief Executive Officer of the Manager, Mr Koh is responsible for the overall planning, management and operation of the Trust. He works closely with the Board of Directors to determine business strategies for the strategic development of the Trust.
Mr Koh has over 22 years of experience in investment, corporate finance and asset management, of which more than 14 years are in direct real estate, covering investments, developments, asset management and real estate private equity in the Asia Pacific region.
Mr Koh holds a Master of Business Administration, a Master of Science in Industrial and Operations Engineering and a Bachelor of Science (Summa Cum Laude) in Aerospace Engineering from the University of Michigan.