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City Developments Ltd (CDEVY.PK)

CDEVY.PK on OTC Markets Group

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20 Jan 2017
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Summary

Name Age Since Current Position

Leng Beng Kwek

75 1995 Executive Chairman of the Board

Grant Kelley

50 2014 Chief Executive Officer

Eik Tse Kwek

40 2016 Deputy Chief Executive Officer

Yim Ming Yiong

42 2016 Chief Financial Officer

Ananda Arawwawela

2015 Executive Vice President - Hotel Assets Management

Anthony Chia

2014 Executive Vice President - Projects

GALEN LEE

2016 Executive Vice President - Capital Markets

Daniel T'ng

2014 Executive Vice President - Property & Facilities Management (PFM)

Seng Chee Tan

2014 Chief Technology Officer

Mark Yip

2014 Chief Marketing Officer

Ngiang Hong Chia

Group General Manager

Esther An

2015 Chief Sustainability Officer

Eik Sheng Kwek

34 2016 Chief Strategy Officer, Head - Asset Management

Peek Fong Ling

Company Secretary

Loh Shufen

Company Secretary

Soon Hee Chan

62 2014 Lead Independent Non-Executive Director

Leng Peck Kwek

59 1987 Non-Executive Non-Independent Director

Thiam Hock Koh

66 2016 Non-Executive Independent Director

Poay Seng Tan

49 2012 Independent Non-Executive Director

Yee Peng Tan

42 2014 Independent Non-Executive Director

See Chim Tang

83 1995 Independent Non-Executive Director

Liat Kok Yeo

69 2009 Independent Non-Executive Director

Belinda Lee

Vice President, Head - Corporate Communications

Biographies

Name Description

Leng Beng Kwek

Mr. Kwek Leng Beng is Executive Chairman of the Board of City Developments Limited. Mr Kwek was last reappointed as a Director on 22 April 2015 to hold office until the 2016 Annual General Meeting (2016 AGM) pursuant to Section 153(6) of the Companies Act, Chapter 50, which provision has since been repealed, and will be seeking appointment as Director at the 2016 AGM. He also sits on the Board Committee (BC) and the Nominating Committee (NC) of CDL. Mr Kwek is the non-executive Chairman of Hong Leong Asia Ltd. (HLA) and Millennium & Copthorne Hotels plc (M&C). He is also the Chairman and Managing Director of Hong Leong Finance Limited (HLF) and City e-Solutions Limited (CES) and the Executive Chairman of Hong Leong Investment Holdings Pte. Ltd. (HLIH), the immediate and ultimate holding company of CDL. CES, HLA, HLF and M&C are subsidiaries of HLIH and thus, are related companies under the Hong Leong Group of companies. Mr Kwek holds a law degree, LL.B. (London) and is also a fellow of The Institute of Chartered Secretaries and Administrators. He has extensive experience in the finance business, having grown from day one with the original Hong Leong Finance Limited which has since merged its finance business with Singapore Finance Limited (now known as HLF). He also has vast experience in the real estate business, the hotel industry as well as the trading and manufacturing business. Mr Kwek’s other appointments include being a member of the East Asia Council of INSEAD since its inception in 2003, a board member of the Singapore Hotel Association and a Fellow of the Singapore Institute of Directors. He was also conferred an Honorary Doctorate of Business Administration in Hospitality from Johnson & Wales University (Rhode Island, US) and an Honorary Doctorate from Oxford Brookes University (UK).

Grant Kelley

Mr. Grant L. Kelley is Chief Executive Officer at City Developments Ltd since February 17, 2014. He has over 25 years of global experience in corporate strategy, private equity and real estate investment. Mr Kelley commenced his career in 1989 at Booz Allen & Hamilton, advising CEOs of major listed companies in the financial services, natural resources and healthcare industries. Before his CDL appointment, Mr Kelley was the Co-Head of Asia Pacific for Apollo Global Management, and also led their real estate investment activities in the region. In 2008, Mr Kelley founded Holdfast Capital Limited, an Asian-based real estate investment firm, which was acquired by Apollo in 2010. From 2004 to 2008, he was the CEO of Colony Capital Asia where he guided the strategic planning, acquisition and asset management activities of Colony in Asia. From 2002 to 2004, he was based in New York, where he was a Principal at Colony with responsibility for the identification of US and European investment opportunities. He holds a Bachelor of Laws degree from the University of Adelaide, a Master’s degree in International Relations from the London School of Economics, and an M.B.A. from the Harvard Business School.

Eik Tse Kwek

Mr. Kwek Eik Tse serves as Deputy Chief Executive Officer of the Company. He was Chief Investment Officer of City Developments Limited. He is also concurrently the CEO of CDL China Limited, a wholly-owned subsidiary of CDL, where he has been spearheading the expansion since August 2010, and has helped the Group to obtain prime sites in Shanghai, Suzhou and Chongqing. Prior to this, Mr Kwek has taken on various executive management roles in companies both within the Hong Leong Group and in multinational corporations. He has over 15 years of international experience in the areas of investments, mergers and acquisitions, real estate and hospitality, and has worked in New York, Hong Kong, Shanghai and Singapore. He graduated from Boston University with a Bachelor of Science in Business Administration, majoring in Finance and Marketing with a minor in Psychology. He has been serving as a Council Member of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) since March 2013.

Yim Ming Yiong

Ms. Yiong Yim Ming serves as Chief Financial Officer of the Company. She was Senior Vice President - Group Accounts of the subsidiaries and Joint ventures of the Company. She has been an executive of the Company since 2007. She has extensive knowledge on CDL Group’s financial and operation matters, both domestically and overseas, covering the Group’s operations in property development, investment properties and hotels. She is also actively involved in the development of the CDL’s new funds management platform. On 26 January 2016, Ms Yiong was tasked to handle the duties and responsibilities of the Chief Financial Officer’s office. Ms Yiong has strong technical competencies, specialising in the real estate sector, harnessed through 12 years of audit experience. Prior to joining CDL, she served a 10-year stint in KPMG Singapore and a 2-year engagement with Ernst & Young Singapore. Ms Yiong holds a Bachelor of Accountancy degree from Nanyang Technological University and is a member of the Institute of Singapore Chartered Accountants.

Ananda Arawwawela

Mr. Ananda Arawwawela is Executive Vice President - Hotel Assets Management of City Developments Limited. He has a wealth of experience in hotel management spanning over 37 years in Singapore, Hong Kong, Fiji, China and the Middle East. Prior to joining CDL in 2013, he was the Managing Director of The St. Regis Singapore and Area Managing Director for Singapore, responsible for Starwood Hotels and Resorts’ operations in Singapore. Other senior regional positions in the hospitality industry he has held include Managing Director of Sheraton Hong Kong Hotel and Towers and Area Managing Director of Starwood Hotels and Resorts Hong Kong and Macau. Mr Arawwawela has also served as Chairman of the Hong Kong Hotels Association and Board Member of the Hong Kong Tourism Board.

Anthony Chia

Mr. Anthony Chia is Executive Vice President - Projects of City Developments Limited. He has been directing the Department on all projects from concept, design, to construction and delivery. A designer at heart, he was instrumental in key developments ranging from luxury to residential projects, which include South Beach, The Quayside Collection and the Pasir Ris masterplan. Graduating from Harvard, he has extensive experience in planning, architecture and construction, in both the public and private sectors, having previously headed departments in the Urban Redevelopment Authority (URA) and the Housing and Development Board. He is active in various URA and BCA panels and is a former member of the Board of Architects Singapore. He has been awarded the Public Service Administration medal and the Ministry of National Development Medallion for his contributions. Following his service with the Singapore government, he relocated to Hong Kong, completing several large commercial and residential projects before returning home.

GALEN LEE

Mr. Galen Lee is Executive Vice President - Capital Markets of the Company. He joined CDL as Head of Capital Markets in 2016. He brings with him extensive experience in debt and equity capital markets, mergers and acquisitions, private capital raising and financing in the Asian real estate sector, covering key real estate investors including sovereign wealth funds, pension investors and private equity funds. Prior to joining CDL, he headed real estate investment banking in South East Asia at UBS, and Bank of America Merrill Lynch. He started coverage of the real estate sector at DBS, where he was involved in the origination, structuring and distribution of real estate investment trusts for key real estate sponsors in Asia. Mr Lee holds a Bachelor of Accountancy from Nanyang Technological University, and an M.B.A. from Columbia Business School.

Daniel T'ng

Mr. Daniel T'ng is Executive Vice President - Property & Facilities Management (PFM) of the Company. He joined CDL in 2012 to head the PFM Division. He holds a Bachelor of Science degree in Estate Management (Honours) from Heriot-Watt University and two Master’s Degrees, one in Business Administration from the University of Adelaide (Australia) and the other in Project Management from the National University of Singapore. He has over 30 years of experience in the property and facilities management industry in Singapore and the region. He also has extensive experience in managing strata-titled developments, lease management, project consultancy and general management, as well as business development. He is currently the Chairman of the Workplace Safety and Health Council’s Facilities Management Workgroup.

Seng Chee Tan

Mr. Tan Seng Chee is Chief Technology Officer of City Developments Limited. was appointed as CDL’s Chief Information Officer in 2000 and re-designated as Chief Technology Officer in 2014. Trained as an engineer, he has more than 30 years of experience in the IT industry, working with many diverse applications and systems in both in-house IT departments and IT vendor environment. He graduated from the University of Singapore with a Bachelor of Engineering (Mechanical) and a Master of Science (Industrial Engineering), and has a post graduate diploma in Computer Science from the British Computer Society. He has also served on the editorial advisory board of the MIS Asia magazine and the Raffles Institution IT advisory committee.

Mark Yip

Mr. Mark Yip is Chief Marketing Officer of the Company, since 9 June 2014. He is responsible for the Marketing & Sales, and Leasing operations of residential, retail and commercial spaces. In May 2015, he was also appointed Director of CDL China Limited. Mr Yip has a wealth of experience in management, sales, marketing and operations from a diverse range of industries including property, retail sports and fashion, transport, and supply chain and logistics. Before joining CDL, he was with Far East Organization as Deputy Director, focusing on planning and operations. Other senior management positions he has held include CEO of Royal Sporting House, Malaysia and Director of PUMA, Executive Director of CircleFreight, Brunei/Eagle Global Logistics Corporation and General Manager of ComfortDelGro Bus. Mr Yip holds a Bachelor and Master’s of Business and was recipient of the Logistics Management Group Prize from RMIT in Melbourne. He has also completed the Senior Executive Programme at London Business School.

Ngiang Hong Chia

Mr. Chia Ngiang Hong is Group General Manager of City Developments Limited. He joined CDL in 1981 and has over 35 years of experience in the real estate industry in Singapore and the region. He holds a Bachelor of Science in Estate Management (Honours) from the University of Singapore and a Masters in Business Administration with distinction from University of Hull, UK. Mr Chia is a Fellow of the Singapore Institute of Surveyors & Valuers (SISV) and the current First Vice President of Real Estate Developers’ Association of Singapore (REDAS). A much-respected contributor to the real estate industry of Singapore, Mr Chia is currently the President of the Singapore Green Building Council (SGBC) and also sits on the Advisory Panel in the Building and Construction Authority (BCA) Academy. He chairs the Consultative Committee to the Department of Real Estate at National University of Singapore (NUS). He is a Board Member of the Institute of Real Estate Studies, NUS and serves as a member of the NUS SDE School Advisory Committee. He is a Certified Property Manager with the Institute of Real Estate Management (USA).

Esther An

Ms. Esther An is Chief Sustainability Officer of City Developments Limited. She joined CDL in 1995 to establish the Company’s Corporate Communications department and subsequently CDL’s Corporate Social Responsibility (CSR) portfolio. She has been instrumental in building up CDL’s leadership in sustainability. A forerunner in CSR and a member of the management committee of Global Compact Network Singapore (formerly Singapore Compact for CSR) since 2005, she also sits on board the Corporate Advisory Board of World Green Building Council and is a founding member of the Singapore Business Council for Sustainable Development. She holds a Bachelor of Arts (Honours) degree from the University of Hong Kong and has extensive experience in corporate and community communications, advertising, as well as media and investor relations, in both the public and private sectors before joining CDL.

Eik Sheng Kwek

Mr. Kwek Eik Sheng serves as Chief Strategy Officer, Head - Asset Management of the Company. He joined CDL in 2009, covering Business Development for overseas projects before being appointed as Head of Corporate Development. He assumed his current role as Chief Strategy Officer in 2014. Prior to that, he was with the Hong Leong Group of companies in Singapore specialising in corporate finance roles since 2006. He was appointed to the Board of Millennium & Copthorne Hotels plc in 2011 and holds the position of Non-Executive Director. He holds a Bachelor of Engineering in Electrical and Electronics Engineering from Imperial College of Science, Technology and Medicine and a MPhil in Finance from Judge Business School, Cambridge University.

Peek Fong Ling

Loh Shufen

Soon Hee Chan

Mr. Chan Soon Hee is Lead Independent Non-Executive Director of City Developments Limited., since May 7, 2014. He is the Lead Independent Director and is also the Chairman of the ARC, the RC and the CSR & CGC and a member of the BC and the NC. Mr Chan is a founder and the Chief Executive Officer of Thoughts Advisory Pte. Ltd. which provides consultancy services to entrepreneurs to further develop their strategic and business plans. Mr Chan has more than 35 years of experience working in a public accounting firm environment, serving as audit partner with KPMG LLP (KPMG) from 1989 to 2001, and subsequently as partner in charge of Transaction Services at KPMG until his retirement in September 2011. He was the audit engagement partner for CDL for a number of years until 1999. Mr Chan is a member of the Institute of Singapore Chartered Accountants and a Fellow of the Association of Chartered Certified Accountants.

Leng Peck Kwek

Mr. Kwek Leng Peck is Non-Executive Non-Independent Director of City Developments Limited, since August 01, 1987. Mr Kwek is an Executive Director of HLA and HLIH. He is also the non-executive Chairman of Tasek Corporation Berhad (TCB) and a non-executive Director of HLF, M&C and China Yuchai International Limited (CYI). HLA, HLF, M&C, TCB and CYI are subsidiaries of HLIH and thus, are related companies under the Hong Leong Group of companies. Mr Kwek has many years of experience in trading, manufacturing, property investment and development, hotel operations, corporate finance and management.

Thiam Hock Koh

Poay Seng Tan

Mr. Tan Poay Seng is Independent Non-Executive Director of City Developments Limited since February 02, 2012. Mr. Tan is the Managing Director of Magni-Tech Industries Berhad and Coronation Springs Sdn. Bhd., which is involved in niche property development. Mr Tan holds a diploma in Hotel Management, Switzerland and has more than 20 years of experience in various business sectors which include manufacturing, housing development, marketing, retailing and healthcare services.

Yee Peng Tan

Ms. Tan Yee Peng serves as Independent Non-Executive Director of City Developments Ltd since May 7, 2014. Ms. Tan is an Adjunct Associate Professor of the Nanyang Business School, NTU, and a Fellow of the Institute of Singapore Chartered Accountants and a member of the Singapore Institute of Directors. Ms. Tan graduated with First Class Honours degree in Accountancy from NTU and has more than 18 years of accounting and auditing experience, and previously served as an audit partner with KPMG from 2003 to 2010. As an audit and advisory partner, she was closely involved in providing accounting and advisory services to clients in both the private and public sectors. Ms. Tan also acted as the Reporting Accountant and auditor for several companies listed on the Singapore Exchange, but was not involved in any KPMG audit engagement with the CDL group. Since her retirement as a practising accountant, Ms. Tan, at the request of KPMG, served as principal advisor from 2010 to 2011 on matters related to the healthcare industry, and assisted the firm in establishing the AsPAC Healthcare network. She has also been contributing actively to the non-profit sector and is a member of the Audit Committee (non-board position) of Jurong Health Services Pte. Ltd.

See Chim Tang

Mr. Tang See Chim is Independent Non-Executive Director of City Developments Limited, since August 28, 1995. Mr. Tang was last reappointed as a Director on 22 April 2015 pursuant to Section 153(6), which provision has since been repealed. He also sits on the BC, the Remuneration Committee (RC) and the Audit & Risk Committee (ARC) of CDL. Mr Tang, an Advocate & Solicitor of the Supreme Court of Singapore and a Barrister-at-law, Middle Temple, is presently a Consultant with the law firm of David Lim & Partners LLP. He holds a Bachelor of Science (Honours) degree in Economics from the London School of Economics (University of London) and is a Fellow of the Singapore Institute of Directors. Mr Tang also sits on the board of Dutech Holdings Limited. In the preceding 3-year period, he was an independent Director of G.K. Goh Holdings Limited and New Toyo International Holdings Ltd until his retirement in April 2013. Mr Tang’s other appointments include being the honorary legal adviser to Ren Ci Community Hospital, Singapore Hospice Council and Nanyang Girls’ High School, and Trustee of Dover Park Hospice.

Liat Kok Yeo

Mr. Yeo Liat Kok is Independent Non-Executive Director of City Developments Limited since May 11, 2009. He is also the Chairman of the NC and a member of the RC and the Corporate Social Responsibility & Corporate Governance Committee (CSR & CGC) of CDL. Mr Yeo is Chairman of SPRING Singapore, a government development agency. He is also the Chairman of Economic Development Innovations Singapore Pte Ltd (EDIS) which is focused on developing and managing integrated cities and providing industrial development advice to overseas governments. Mr Yeo is an independent Director of Hitachi Ltd, Baiterek National Managing Holding and Kerry Logistics Network Limited and the Chairman of Accuron Technologies Limited, Singapore Aerospace Manufacturing Private Limited, Advanced Materials Technologies Pte Ltd, Dornier MedTech GmbH, Veredus Laboratories Pte Ltd, Ascendas Property Fund Trustee Pte. Ltd., Hexagon Development Advisors Pte. Ltd. and MTIC Holdings Pte. Ltd. Mr Yeo holds a Bachelor of Applied Science (Industrial Engineering), an honorary Doctorate in Engineering from the University of Toronto, Canada, an honorary Doctorate in Medicine from the Karolinska Institutet, Sweden, a Master of Science (Systems Engineering) from the University of Singapore, a Master of Business Administration from Harvard University, USA, a Doctor of Science from Imperial College, London, an honorary Doctor of Letters from National University of Singapore and an honorary Doctor of Law from Monash University of Australia. He also received the Order of the Rising Sun, Gold and Silver Star from the Government of Japan (2007) and the Distinguished Service (Star) award from the Singapore Labour Movement, National Trade Union Congress (2008).

Belinda Lee