MR LOUIS D’ESTIENNE D’ORVESChief Executive Officer
THE MANAGERManagement Team
MR LIM KOK MIN, JOHNChairman and Independent Non-Executive Director
Date of First Appointment as Director 14 July 2014
Length of Service as Director
(as at 31 December 2021)
7 years and 5 months
Mr Lim has more than 45 years of senior corporate experience in both the private and public sectors, and has worked in various countries in Southeast Asia, holding board appointments in these countries and in Australia and New Zealand. He has been the Chief Executive Officer of Cold Storage Holdings, President and Executive Deputy Chairman of LMA International NV, and Group Managing Director of Pan-United Corporation Ltd and JC-MPH Ltd.
Mr Lim is currently the Non-Executive Chairman of Boustead Projects Limited, a director of several private companies in education and retail services. He also serves as the Chairman of Centre for Governance and Sustainability, National University of Singapore as well as an Adviser to a European private equity fund.
He is the Immediate Past Chairman of Gas Supply Pte Ltd. He is a former Chairman of the Singapore Institute of Directors, Senoko Power Ltd and the Building & Construction Authority, and a former Deputy Chairman of NTUC FairPrice Cooperative, the Agri-Food & Veterinary Authority and the Singapore Institute of Management. He is also a former member of the Securities Industry Council, a former Chairman of the OECD-Asia Network on Corporate Governance of State-Owned Enterprises, and a former Vice-President of Global Compact Network Singapore.
Mr Lim was awarded the Public Service Medal by the President of Singapore in 2006.
Academic & Professional Qualifications
- Bachelor of Economics (Honours), University of Malaya
- Honorary Fellow of the Singapore Institute of Directors
Membership of Board Committee
- Member of Audit and Risk Committee
- Member of Nominating and Remuneration Committee
Present Directorships and Chairmanship in Other Listed Companies
- Boustead Projects Limited
Present Principal Commitments (other than directorships in other listed companies)
- Nexus International School Pte Ltd (Director)
- Taylors Education Pte Ltd (Director)
- TWG Tea Company Pte Ltd (Director)
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Silverlake Axis Limited
MR CHNG LAY CHEWIndependent Non-Executive Director and Chairman of the Audit and Risk Committee
Date of First Appointment as Director 1 January 2021
Length of Service as Director
(as at 31 December 2021)
1 year
Mr Chng has over 35 years of experience in the financial industry. He retired from Singapore Exchange Limited after 9 years as its Chief Financial Officer. Prior to that, he was with DBS Bank and JP Morgan where he held senior finance positions in Singapore, Hong Kong, Tokyo and New York.
Mr Chng has contributed to the development of the accounting profession locally in the areas of education and professional development. He was a board member of the Singapore Accountancy Commission and immediate past President of the Singapore Division of CPA Australia. He also served on the Advisory Board of the School of Accountancy at the Singapore Management University.
Mr Chng currently serves on the board of AWWA Ltd, a social service agency in Singapore, and NUHS Fund Ltd. He was appointed as the Chairman of the Audit and Risk Committee with effect from 1 March 2021. He is a Fellow of the Institute of Singapore Chartered Accountants, Fellow of the Chartered Accountants Australia and New Zealand, and Fellow of CPA Australia.
Academic & Professional Qualifications
- Bachelor of Commerce and Administration, Victoria University of Wellington
- Fellow of Institute of Singapore Chartered Accountants
- Fellow of Chartered Accountants Australia and New Zealand
- Fellow of CPA Australia
Membership of Board Committee
- Chairman of the Audit and Risk Committee
Present Directorships and Chairmanship in Other Listed Companies
- Nil
Present Principal Commitments (other than directorships in other listed companies)
- AWWA Ltd (Director)
- NUHS Fund Ltd (Director)
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Nil
MR MARK ANDREW YEO KAH CHONGIndependent Non-Executive Director and Chairman of the Nominating and Remuneration Committee
Date of First Appointment as Director 1 January 2022
Mr Yeo is a director of Changi Airports International Pte. Ltd. and Changi Airport Group (Singapore) Pte. Ltd.. Mr Yeo also sits on the board of Keppel Infrastructure Fund Management Pte. Ltd., which is the trusteemanager of Keppel Infrastructure Trust. Prior to his current appointments, Mr Yeo was a former independent director of CitySpring Infrastructure Management Pte. Ltd., which was the trustee-manager of CitySpring Infrastructure Trust.
Mr Yeo has held various senior banking positions working on the infrastructure sector in Asia, Europe and Latin America mainly doing project finance advisory. He was based both in Singapore and London. Thereafter, he held several leadership positions in corporates in Asia and the Middle-East. He started his career in the Singapore civil service.
Mr Yeo graduated from the University of Oxford with a Master of Arts and obtained his Master of Laws from the National University of Singapore. He also completed the Advanced Management Programme with INSEAD.
Academic & Professional Qualifications
- Master of Arts, University of Oxford
- Master of Laws, National University of Singapore
- Advanced Management Programme, INSEAD
Membership of Board Committee
- Chairman of the Nominating and Remuneration Committee
- Member of Audit and Risk Committee
Present Directorships and Chairmanship in Other Listed Companies
- Nil
Present Principal Commitments (other than directorships in other listed companies)
- Keppel Infrastructure Fund Management Pte. Ltd. (Director)
- Changi Airport Group (Singapore) Pte. Ltd. (Director)
- Changi Airports International Pte. Ltd. (Chairman)
- Basslink Pty Ltd (Director)
- Rio de Janeiro Airport SA (Chairman)
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Nil
MR TAN WEE PENG, KELVINFormer Independent Non-Executive Director and Chairman of the Audit and Risk Committee
Date of First Appointment as Director 14 July 2014
Length of Service as Director
(as at 31 December 2020)
6 years and 5 months
Date of Retirement as Director 28 February 2021
Mr Tan has more than 30 years of professional experience in the private and public sector. He has held several senior management positions, serving as President of AETOS Security Management Pte Ltd from 2004 to 2008 and as Global Head of Business Development at PSA International from 2003 to 2004. From 1996 to 2003, he was with Temasek Holdings Pte. Ltd, where his last held position was as Managing Director of its Private Equity Funds Investment Unit. He also sits on the boards of Global Investments Limited, Unusual Limited and Viking Offshore and Marine Limited, which are listed on the Singapore Exchange Trading Limited.
Academic & Professional Qualifications
- Bachelor of Accountancy (First Class Honours), National University of Singapore
- Master of Business Administration, National University of Singapore
- Programme for Management Development, Harvard Business School
- Member, Singapore Institute of Directors
- Member, Institute of Management Consultants (Singapore)
- Fellow of the Institute of Singapore Chartered Accountants
Membership of Board Committee
- Former Chairman of the Audit and Risk Committee
Present Directorships and Chairmanship in Other Listed Companies
- Global Investments Limited
- Unusual Limited
- Viking Offshore and Marine Limited
Present Principal Commitments (other than directorships in other listed companies)
- Institute of Singapore Chartered Accountants Pte. Ltd. (Director)
- Association of Taxation Technicians (S) Limited (Director)
- Adjunct Associate Professor, NUS Business School
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Shanghai Turbo Enterprises
- Transcorp Holdings Limited
MR BRUNO DE PAMPELONNENon-Executive Director
Date of First Appointment as Director 11 November 2016
Length of Service as Director
(as at 31 December 2021)
5 years 1 month
Mr de Pampelonne has approximately 36 years of experience in various segments of the financial markets, from debt and real estate to equity, and from banking to asset management. He is currently a Senior Partner of Tikehau Capital SCA and Chairman of Tikehau Investment Management SAS in Paris, and Chief Executive Officer of Tikehau Investment Management Asia Pte Ltd in Singapore.
He started his career at Crédit Lyonnais in 1983 in the United States. In 1985, he joined Goldman Sachs International Corp in London, where he became an Executive Director at its proprietary European trading desk. In 1990, he joined Credit Suisse First Boston as Managing Director to establish its Paris operations and was in charge of equity and debt sales and trading. In April 1993, he joined Merrill Lynch France as Managing Director and was appointed as the Country Head for France from 2003 to 2006.
Currently the Chairman of the Board of Governors of EDHEC Business School, he also serves on the International Advisory Board of the EDHEC Risk Institute.
Academic & Professional Qualifications
- Master of Finance, EDHEC Business School
Membership of Board Committee
- Member of Nominating and Remuneration Committee
Present Directorships and Chairmanship in Other Listed Companies
- Nil
Present Principal Commitments (other than directorships in other listed companies)
- Tikehau Investment Management SAS (Chairman)
- Tikehau Investment Management Asia Pte. Ltd. (Director)
- Tikehau Investment Management, Japan K.K. (Director)
- EDHEC Business School (Chairman)
- FPE Investment Advisors (Singapore) Pte. Ltd. (Director)
- Scientific Beta Pte. Ltd. (Independent Director)
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Nil
MR KHOO SHAO HONG, FRANKNon-Executive Director
Date of First Appointment as Director 29 April 2019
Length of Service as Director
(as at 31 December 2021)
2 year 8 months
Mr Khoo is the Group Chief Investment Officer of City Developments Limited since February 2018. He assists the Group CEO to source and execute new investment opportunities, and also establish a dedicated fund management platform. With over 20 years of international experience in fund management, private equity, acquisition of real estate assets and the repositioning and restructuring of real estate businesses, Mr Khoo has an extensive network of investors, ranging from insurance companies, pension funds, sovereign wealth funds and high net worth individuals across Asia and Europe.
Previously, Mr Khoo was the Global Head of Asia of AXA Investment Manager – Real Assets (AXA IM Real Assets) where he oversaw all real estate activities for AXA IM Real Assets in Asia, including investment, transaction, fund management, asset management, capital raising and finance. He has also held various executive positions in Pacific Star Fund Management Pte Ltd, Guthrie GTS Ltd, Phileoland Bhd and Kestral Capital Partners.
He holds a Master of Business Administration from Nanyang Technological University of Singapore, as well as Bachelor of Engineering (Honours) and Bachelor of Science degrees from University of Queensland, Australia. He is also a Chartered Accountant in Singapore.
Academic & Professional Qualifications
- Master of Business Administration, Nanyang Technological University
- Bachelor of Engineering (Honours), University of Queensland Australia
- Bachelor of Science, University of Queensland Australia
- Chartered Accountant of Singapore
Membership of Board Committee
- Nil
Present Directorships and Chairmanship in Other Listed Companies
- Nil
Present Principal Commitments (other than directorships in other listed companies)
- City REIT Management Pte. Ltd. (Director)
- City Strategic Equity Pte. Ltd. (Director)
- CDL Real Estate Investment Managers Pte. Ltd. (Director)
- CDL Real Estate Asset Managers Pte. Ltd. (Director)
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Nil
MR SANJAY BAKLIWALNon-Executive Director
Date of First Appointment as Director 5 June 2020
Length of Service as Director
(as at 31 December 2021)
1 year 7 months
Mr Bakliwal has over 21 years of experience in corporate and project finance, private equity and fund management, initial public offerings, and mergers and acquisitions in the energy, real estate and financial services sectors.
Mr Bakliwal serves as a Director and Chief Investment Officer with AT Capital Pte Ltd since 2018, where he develops and implements the business plan and investment strategy of the group globally. Between 2012 and 2018, he was a Director and Chief Investment Officer with AT Capital Advisory India Pvt Ltd. Prior to that, he led the Corporate Finance function with Rattan India Power Limited and raised over US$3.5 billion in debt and equity for a portfolio of over 5000 MW thermal power capacity. He has also worked at KPMG for about 10 years in the Audit and M&A advisory practices.
Mr Bakliwal is a Chartered Accountant with a national rank from the Institute of Chartered Accountants of India, and a commerce graduate (with honours) from Shri Ram College of Commerce, University of Delhi.
Membership of Board Committee
- Nil
Present Directorships and Chairmanship in Other Listed Companies
- Nil
Present Principal Commitments (other than directorships in other listed companies)
- AT Capital Pte Ltd (Director)
- AT Holdings Pte Ltd (Director)
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Nil
MR SHERMAN KWEK EIK TSENon-Executive Director
Date of First Appointment as Director 1 December 2022
Mr Sherman Kwek assumed his current role as Group Chief Executive Officer (“CEO”) of City Developments Limited (“CDL”) in January 2018 after serving as CEO-designate from August 2017. He was appointed as an Executive Director of CDL in May 2019 and concurrently holds the position of Executive Chairman of CDL China Limited since 2016. Other positions previously held at CDL include Deputy CEO, Chief Investment Officer and CEO of CDL China Limited.
Prior to joining CDL, Mr Kwek was the CEO of City e-Solutions Limited (now known as China Tian Yuan Healthcare Group Limited), a Hong Kong-listed company that was formerly a subsidiary of CDL and engaged in the provision of hotel management and electronic distribution services to the global hospitality industry. It was divested by CDL in 2016. He was also formerly the Chief Operating Officer of Singapore-listed Thakral Corporation Ltd. and had worked at RECAP Investments Limited, a real estate private equity fund.
Mr Kwek started his career over two decades ago in New York doing venture capital and investment banking. He has experience in the areas of investments, mergers and acquisitions, real estate, hospitality and technology, and has worked in New York, Hong Kong, Shanghai and Singapore.
Mr Kwek had previously served as a Council Member of the Singapore Chinese Chamber of Commerce and Industry (“SCCCI”) for nine years and was the Chairman of the Youth Business Affairs Committee until he stepped down from the SCCCI Council in March 2022. He was also formerly a member of the Council for Board Diversity, and a board member of the Building and Construction Authority (“BCA”) as well as Business China.
Academic & Professional Qualifications
- Bachelor of Science in Business Administration, Boston University, majoring in Finance and Marketing with a minor in Psychology
Membership of Board Committee
- Nil
Present Directorships in Other Listed Companies
- City Developments Limited
Present Principal Commitments (other than directorships in other listed companies)
- Group Chief Executive Officer of City Developments Limited
- Executive Chairman of CDL China Limited
Other appointments
- Chinese Development Assistance Council (CDAC) (Board of Trustees)
- Singapore Health Services Pte Ltd (Member of SingHealth Property Committee)
- National Youth Achievement Award (Member of Advisory Board)
- Business China’s FutureChina Committee (Member)
- Business China’s Go East Committee (Member)
Past Directorships and Chairmanship in Other Listed Companies held over the preceding three years
- Nil
MR LOUIS D'ESTIENNE D’ORVESChief Executive Officer
As Chief Executive Officer, Mr d’Estienne d’Orves is responsible for planning and implementing IREIT’s investment strategy, the overall day-to-day management and operations of IREIT, as well as working with the Manager’s investment, asset management, financial, legal and compliance personnel in meeting IREIT’s strategic investment and operational objectives.
Mr d’Estienne d’Orves is based in London, United Kingdom and has over 15 years of experience in European real estate investments. He was previously an Executive Director at Tikehau Capital within the European Real Estate investment team. As Executive Director, his responsibilities included sourcing and executing deals across Europe in the office, retail, hotel, and residential sectors, securing external debt financing and capital raising for co-investment opportunities and funds.
Mr d’Estienne d’Orves started his career at AXA Real Estate Investment Managers in 2008 in London as an analyst. He then assumed different roles in Paris and Cologne across the Investment and Corporate finance teams before co-heading their European Transaction Special Situations team in 2017.
Academic & Professional Qualifications
- Master Degree in Asset Management, Paris Dauphine University
MR CHOO BOON POHChief Financial Officer
As Chief Financial Officer, Mr Choo is responsible for applying the appropriate capital management strategy (including tax, treasury, finance and accounting matters), as well as overseeing the implementation of IREIT’s short and medium-term business plans, fund management activities and financial condition.
Mr Choo has more than 21 years of experience in audit, banking and corporate finance-related work. From 1998 to 2009, he was with BNP Paribas Capital (Singapore) Ltd., where he served in various roles. His last position held there was as Director of Corporate Finance for Southeast Asia. In his role as a senior member of the corporate finance origination and execution team covering Southeast Asia, he successfully completed numerous domestic and cross-border mergers and acquisitions. Focusing mainly on the real estate sector and REIT transactions, he and his team successfully launched several initial public offerings of REITs in Singapore.
From 1994 to 1998, he was a supervisor with Price Waterhouse (now known as PricewaterhouseCoopers) in Singapore, where he led the financial audits of several high-profile corporations and public listed companies. At PricewaterhouseCoopers, he was also involved in transactions services including operational audits, due diligence reviews and special assignments for various corporates.
Academic & Professional Qualifications
- Bachelor of Accountancy (First Class Honours), Nanyang Technological University
- Fellow of the Institute of Singapore Chartered Accountants
- Chartered Financial Analyst (CFA) Charterholder
MS CHUA TAI HUA, ANNEChief Financial Officer
As Chief Financial Officer, Ms Chua is responsible for the financial accounting and reporting, capital management and compliance matters for IREIT and the Manager.
Ms Chua has over 30 years of working experience at banks, financial institutions, local and multinational companies, with regional and global responsibilities on financial reporting, fund raising, property investment, mergers and acquisitions and treasury risk management. Prior to joining the Manager, Ms Chua was the Chief Financial Officer of CapitaLand Commercial Trust Management Limited, the manager of CapitaLand Commercial Trust, as well as the Chief Financial Officer of Daiwa House Asset Management Asia Pte. Ltd., the manager of Daiwa House Logistics Trust.
Ms Chua holds a Graduate Degree in Bachelor of Business Administration from the National University of Singapore, a Post-Graduate Degree in Master of Applied Finance from MacQuarie University of Australia (where she was the joint top graduand), and a Master of Professional Accounting from the Singapore Management University.
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