2018
ANNUAL REPORT
Board of
Directors
As at 21 February 2019
Wong Kan Seng, 72
Chairman
Non-Executive and Independent
Wong Kan Seng, 72
Chairman
Non-Executive and Independent
Appointed as a director: 27 July 2017
Last re-elected as a director: 20 April 2018
Appointed as Chairman: 15 February 2018
Mr Wong served 26 years in the Singapore Government where he held ministerial appointments in the Communications and Information, Community Development, Foreign Affairs and Home Affairs Ministries, and at the National Population and Talent Division (Prime Minister’s Office).
He retired from the Cabinet as Deputy Prime Minister and Coordinating Minister for National Security in 2011 but remained as a Member of Parliament till 2015. Since joining the private sector in 2011, Mr Wong has served as chairman and director of several companies in the real estate, township development/urbanisation, fund management and REIT/trust sectors.
Board Committee Positions
Last re-elected as a director: 20 April 2018
Appointed as Chairman: 15 February 2018
Mr Wong served 26 years in the Singapore Government where he held ministerial appointments in the Communications and Information, Community Development, Foreign Affairs and Home Affairs Ministries, and at the National Population and Talent Division (Prime Minister’s Office).
He retired from the Cabinet as Deputy Prime Minister and Coordinating Minister for National Security in 2011 but remained as a Member of Parliament till 2015. Since joining the private sector in 2011, Mr Wong has served as chairman and director of several companies in the real estate, township development/urbanisation, fund management and REIT/trust sectors.
Board Committee Positions
-
Board Risk Management Committee (Member)
-
Executive Committee (Chairman)
-
Nominating Committee (Member)
-
Remuneration and Human Capital Committee (Member)
Current Directorship in Other Listed Companies
-
Nil
Other Principal Commitments
-
Ascendas-Singbridge (Chairman)
-
Singapore-Sichuan Investment Holdings (Chairman)
-
Temasek Foundation-Connects Advisory Council (Chairman)
-
Bo’ao Forum for Asia (Director)
-
Kwong Wai Shiu Hospital (Patron)
Past Directorships in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Parliament of Singapore (Member) (till August 2015)
-
Singbridge Holdings Pte Ltd (Chairman) (till June 2015)
-
Singbridge International Singapore Pte Ltd (Chairman)
(till June 2015)
Education and Achievements
-
Masters of Science (Business Studies), London Business School, University of London
-
Bachelor of Arts (Hons), University of Singapore
-
London Business School Alumni Achievement Award (2004)
-
National Trades Union Congress Medal of Honour (1998)
-
Public Administration Medal (Silver) (1976)
Wee Ee Cheong, 66
Deputy Chairman and Chief Executive Officer
Executive and Non-Independent
Wee Ee Cheong, 66
Deputy Chairman and Chief Executive Officer
Executive and Non-Independent
Appointed as a director: 3 January 1990
Last re-elected as a director: 20 April 2017
Appointed as Chief Executive Officer: 27 April 2007
A career banker with 40 years’ experience, Mr Wee is also active in the banking and financial services industry and the community through his involvement in various industry-based organisations. He was previously Deputy Chairman of the Housing & Development Board and a director of the Port of Singapore Authority, UOL Group and Pan Pacific Hotels Group.
Board Committee Positions
Last re-elected as a director: 20 April 2017
Appointed as Chief Executive Officer: 27 April 2007
A career banker with 40 years’ experience, Mr Wee is also active in the banking and financial services industry and the community through his involvement in various industry-based organisations. He was previously Deputy Chairman of the Housing & Development Board and a director of the Port of Singapore Authority, UOL Group and Pan Pacific Hotels Group.
Board Committee Positions
-
Board Risk Management Committee (Member)
-
Executive Committee (Member)
-
Nominating Committee (Member)
Current Directorship in Other Listed Companies
-
United Overseas Insurance (Director)
Other Principal Commitments
-
United Overseas Bank (Singapore) (Deputy Chairman and
Chief Executive Officer) -
United Overseas Bank (China) (Chairman)
-
PT Bank UOB Indonesia (Deputy President Commissioner)
-
United Overseas Bank (Malaysia) (Deputy Chairman)
-
United Overseas Bank (Thai) Public Company (Deputy Chairman)
-
The Association of Banks in Singapore (Council Member)
-
The Institute of Banking & Finance (Council Member)
-
Board of Governors of the Singapore-China Foundation (Member)
-
Indonesia-Singapore Business Council (Member)
-
Singapore Chinese Chamber of Commerce & Industry (Honorary Council Member)
-
Visa APCEMEA Senior Client Council (Member)
-
Nanyang Academy of Fine Arts (Patron)
-
Wee Foundation (Director)
Past Directorship in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Far Eastern Bank (Alternate Director) (till May 2018)
Education and Achievements
-
Master of Arts (Applied Economics), American University, Washington, DC
-
Bachelor of Science (Business Administration), American University, Washington, DC
-
Public Service Star (2013)
Franklin Leo Lavin, 61
Non-Executive and Independent
Franklin Leo Lavin, 61
Non-Executive and Independent
Appointed as a director: 15 July 2010
Last re-elected as a director: 21 April 2016
Mr Lavin held senior finance and management positions at Citibank and Bank of America in his early career. A former diplomat with extensive experience in public administration, Mr Lavin was a US Ambassador to Singapore where he helped to negotiate the landmark US-Singapore Free Trade Agreement.
Board Committee Positions
Last re-elected as a director: 21 April 2016
Mr Lavin held senior finance and management positions at Citibank and Bank of America in his early career. A former diplomat with extensive experience in public administration, Mr Lavin was a US Ambassador to Singapore where he helped to negotiate the landmark US-Singapore Free Trade Agreement.
Board Committee Positions
-
Executive Committee (Member)
Current Directorship in Other Listed Companies
-
Nil
Other Principal Commitments
-
Export Now (Founder, Chairman and Chief Executive Officer)
Past Directorships in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Far Eastern Bank (Director) (till May 2018)
-
Consistel (Director) (till March 2017)
-
Globe Specialty Metals (Director) (till December 2015)
Education and Achievements
-
Master of Business Administration in Finance, Wharton School, University of Pennsylvania
-
Master of Arts in International Relations and International Economics, School of Advanced International Studies at Johns Hopkins University
-
Master of Science in Chinese Language and History, Georgetown University
-
Bachelor of Science, School of Foreign Service, Georgetown University
-
Under-Secretary for International Trade at the Department of Commerce, USA (2005 to 2007)
-
US Ambassador to Singapore (2001 to 2005)
-
Chairman of the Steering Committee of the Shanghai 2010 World Expo USA Pavilion
Willie Cheng Jue Hiang, 65
Non-Executive and Independent
Willie Cheng Jue Hiang, 65
Non-Executive and Independent
Appointed as a director: 15 July 2010
Last re-elected as a director: 20 April 2017
An accountant by training, Mr Cheng is a well-respected figure in the business community and non-profit sector. Retired after 26 years’ service in management consulting with Accenture, he contributes actively to the furtherance of board development and corporate governance in Singapore. He recently retired as the Chairman of the Singapore Institute of Directors Governing Council. He is a fellow of the Institute of Singapore Chartered Accountants and an honorary fellow of the Singapore Computer Society.
Board Committee Positions
Last re-elected as a director: 20 April 2017
An accountant by training, Mr Cheng is a well-respected figure in the business community and non-profit sector. Retired after 26 years’ service in management consulting with Accenture, he contributes actively to the furtherance of board development and corporate governance in Singapore. He recently retired as the Chairman of the Singapore Institute of Directors Governing Council. He is a fellow of the Institute of Singapore Chartered Accountants and an honorary fellow of the Singapore Computer Society.
Board Committee Positions
-
Audit Committee (Chairman)
-
Nominating Committee (Member)
Current Directorship in Other Listed Companies
-
Nil
Other Principal Commitments
-
FEO Hospitality Asset Management (Director)
-
FEO Hospitality Trust Management (Director)
-
Integrated Health Information Systems (Director)
-
NTUC Health Co-operative (Director)
-
Asia Philanthropic Ventures (Director)
-
Catholic Foundation (Chairman)
Past Directorships in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Caritas Humanitarian Aid & Relief Initiatives Singapore (Director) (till December 2018)
-
SymAsia Foundation (Director) (till December 2018)
-
Singapore Institute of Directors (Chairman) (till November 2018)
-
Singapore Health Services (Director) (till June 2018)
-
Council for Third Age (Director) (till May 2017)
Education and Achievements
-
Bachelor of Accountancy (First Class Hons), University of Singapore
-
Public Service Medal (2008)
James Koh Cher Siang, 73
Non-Executive and Independent
James Koh Cher Siang, 73
Non-Executive and Independent
Appointed as a director: 1 September 2012
Last re-elected as a director: 21 April 2016
A former civil servant with an illustrious 35-year career, Mr Koh held various appointments including Permanent Secretary in the Ministries of National Development, Community Development and Education during his service. He retired as the Comptroller of Income Tax, where he was both Commissioner of Inland Revenue and Commissioner of Charities. He was the Chairman of the Housing & Development Board from 2007 to 2016, and was also a director of Pan Pacific Hotels Group, UOL Group, Singapore Airlines and CapitaLand. At Singapore Airlines and CapitaLand, he was chairman of the risk committees.
Board Committee Positions
Last re-elected as a director: 21 April 2016
A former civil servant with an illustrious 35-year career, Mr Koh held various appointments including Permanent Secretary in the Ministries of National Development, Community Development and Education during his service. He retired as the Comptroller of Income Tax, where he was both Commissioner of Inland Revenue and Commissioner of Charities. He was the Chairman of the Housing & Development Board from 2007 to 2016, and was also a director of Pan Pacific Hotels Group, UOL Group, Singapore Airlines and CapitaLand. At Singapore Airlines and CapitaLand, he was chairman of the risk committees.
Board Committee Positions
-
Audit Committee (Member)
-
Nominating Committee (Member)
-
Remuneration and Human Capital Committee (Chairman)
Current Directorship in Other Listed Companies
-
Nil
Other Principal Commitments
-
CapitaLand Hope Foundation (Director)
-
Thye Hua Kwan Moral Charities (Director)
-
Pioneer Generation Package Appeals Committee (Deputy Chairman)
-
Ministry of Home Affairs - Independent Review Committee (Member)
Past Directorships in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Housing & Development Board (Chairman)
(till September 2016) -
CapitaLand (Director) (till April 2016)
Education and Achievements
-
Master in Public Administration, Harvard University
-
Master of Arts, Oxford University
-
Bachelor of Arts (Hons) in Philosophy, Political Science and Economics, Oxford University
-
Meritorious Service Medal (2002)
-
Public Administration Medal (Gold) (1983)
Ong Yew Huat, 63
Non-Executive and Independent
Ong Yew Huat, 63
Non-Executive and Independent
Appointed as a director: 2 January 2013
Last re-elected as a director: 21 April 2016
Mr Ong is a chartered accountant and retired as Executive Chairman of Ernst & Young Singapore after 33 years with the firm. A known supporter of the arts, Mr Ong is currently the Chairman of the Singapore Tyler Print Institute. He previously served on the boards of the Singapore Art Museum, the National Art Gallery and was the Chairman of the National Heritage Board. Mr Ong was also the Chairman of United Overseas Bank (Malaysia).
Board Committee Positions
Last re-elected as a director: 21 April 2016
Mr Ong is a chartered accountant and retired as Executive Chairman of Ernst & Young Singapore after 33 years with the firm. A known supporter of the arts, Mr Ong is currently the Chairman of the Singapore Tyler Print Institute. He previously served on the boards of the Singapore Art Museum, the National Art Gallery and was the Chairman of the National Heritage Board. Mr Ong was also the Chairman of United Overseas Bank (Malaysia).
Board Committee Positions
-
Audit Committee (Member)
-
Board Risk Management Committee (Chairman)
-
Executive Committee (Member)
Current Directorship in Other Listed Companies
-
Nil
Other Principal Commitments
-
Singapore Power (Director)
-
Ascendas-Singbridge (Director)
-
Singapore Tyler Print Institute (Chairman)
-
Tax Academy of Singapore (Chairman)
-
Singapore Mediation Centre (Director)
Past Directorships in Other Listed Companies and Principal Commitments held over the Preceding Five Years
-
United Overseas Bank (Malaysia) (Chairman)
(till December 2018) -
National Heritage Board (Chairman) (till August 2018)
Education and Achievements
-
Bachelor of Accounting (Hons), University of Kent at Canterbury
-
Institute of Chartered Accountants in England and Wales (Member)
-
Institute of Singapore Chartered Accountants (Member)
-
Public Service Star (2017)
Lim Hwee Hua, 60
Non-Executive and Independent
Lim Hwee Hua, 60
Non-Executive and Independent
Appointed as a director: 1 July 2014
Last re-elected as a director: 20 April 2018
Mrs Lim enjoyed a varied career in financial services prior to her service in Parliament between 1996 and 2011. Her last appointments while in public service were Minister in the Prime Minister’s Office and, concurrently, Second Minister for Finance and Transport. She rejoined the financial sector after leaving Parliament.
Board Committee Positions
Last re-elected as a director: 20 April 2018
Mrs Lim enjoyed a varied career in financial services prior to her service in Parliament between 1996 and 2011. Her last appointments while in public service were Minister in the Prime Minister’s Office and, concurrently, Second Minister for Finance and Transport. She rejoined the financial sector after leaving Parliament.
Board Committee Positions
-
Executive Committee (Member)
-
Nominating Committee (Chairman)
-
Remuneration and Human Capital Committee (Member)
Current Directorship in Other Listed Companies
-
Jardine Cycle & Carriage (Director)
Other Principal Commitments
-
Tembusu Partners (Director)
-
Asia Pacific Exchange (Chairman)
-
BW Group (Director)
-
Ramky Enviro Engineers (Director)
-
Summit Power International (Director)
-
Kohlberg Kravis & Roberts (Senior Advisor)
Past Directorships in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Asia Advisory Board of Westpac Institutional Bank (Member) (till March 2018)
-
Stamford Land (Director) (till November 2015)
Education and Achievements
-
Master of Arts (Hons) in Mathematics/Engineering, University of Cambridge
-
Master of Business Administration in Finance, Anderson School of Management, University of California at Los Angeles
Alexander Charles Hungate, 52
Non-Executive and Independent
Alexander Charles Hungate, 52
Non-Executive and Independent
Appointed as a director: 27 July 2017
Last re-elected as a director: 20 April 2018
Mr Hungate has more than 25 years of global leadership experience in financial services, marketing, customer service and strategic planning and development, having held senior management positions in various positions in SATS, HSBC and Reuters. He serves as a member of various business and community bodies, where he shares his knowledge to develop trade and strengthen communities.
Board Committee Position
Last re-elected as a director: 20 April 2018
Mr Hungate has more than 25 years of global leadership experience in financial services, marketing, customer service and strategic planning and development, having held senior management positions in various positions in SATS, HSBC and Reuters. He serves as a member of various business and community bodies, where he shares his knowledge to develop trade and strengthen communities.
Board Committee Position
-
Remuneration and Human Capital Committee (Member)
Current Directorship in Other Listed Companies
-
SATS (Director)
Other Principal Commitments
-
SATS (President and Chief Executive Officer)
-
Economic Development Board Singapore (Board Member)
-
National Youth Achievement Award Association Advisory Board (Council Member)
-
Future Economy Council (Member)
-
Trade & Connectivity Sub-Committee of the Future Economy Council
(Co-Chairperson)
Past Directorship in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Nil
Education and Achievements
-
Master of Arts in Engineering, Economics and Management, Oxford University
-
Master of Business Administration Programme (Baker Scholar), Harvard Business School
Michael Lien Jown Leam, 55
Non-Executive and Non-Independent
Michael Lien Jown Leam, 55
Non-Executive and Non-Independent
Appointed as a director: 27 July 2017
Last re-elected as a director: 20 April 2018
Currently the Executive Chairman of Wah Hin and Company, Mr Lien has extensive experience in the financial industry. He was a managing director of Morgan Stanley and headed its corporate finance business up to 2002. Prior to that, he served at Standard Chartered Merchant Bank Asia and Singapore’s Ministry of Trade and Industry.
Mr Lien is a member of the National University of Singapore’s Board of Trustees and its Investment Committee. In 2012, he founded Leap Philanthropy Limited, a charity that supports early philanthropy projects in Indochina. He previously served on the board of Temasek Holdings and was a director of United Overseas Bank between 3 May 2005 and 29 April 2009.
Board Committee Positions
Last re-elected as a director: 20 April 2018
Currently the Executive Chairman of Wah Hin and Company, Mr Lien has extensive experience in the financial industry. He was a managing director of Morgan Stanley and headed its corporate finance business up to 2002. Prior to that, he served at Standard Chartered Merchant Bank Asia and Singapore’s Ministry of Trade and Industry.
Mr Lien is a member of the National University of Singapore’s Board of Trustees and its Investment Committee. In 2012, he founded Leap Philanthropy Limited, a charity that supports early philanthropy projects in Indochina. He previously served on the board of Temasek Holdings and was a director of United Overseas Bank between 3 May 2005 and 29 April 2009.
Board Committee Positions
-
Executive Committee (Member)
-
Nominating Committee (Member)
Current Directorship in Other Listed Companies
-
Nil
Other Principal Commitments
-
Wah Hin and Company (Executive Chairman)
-
Sandstone Capital (Director and Chief Investment Officer)
-
National University of Singapore (Trustee and Investment Committee Member)
-
Leap Philanthropy (Founder)
Past Directorship in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Temasek Holdings (Director) (till June 2018)
Education and Achievements
-
Bachelor of Economics (First Class Hons) in Finance and Econometrics, Monash University
Alvin Yeo Khirn Hai, 56
Non-Executive and Independent
Alvin Yeo Khirn Hai, 56
Non-Executive and Independent
Appointed as a director: 27 July 2017
Last re-elected as a director: 20 April 2018
The youngest lawyer to be appointed Senior Counsel at the age of 37, Mr Yeo is currently the Chairman and Senior Partner of Wong Partnership. Among his areas of practice are banking and corporate disputes, restructuring and insolvency, and construction and civil engineering matters. Mr Yeo was an elected Member of Parliament from 2006 to 2015, and a former Chairman of the Government Parliamentary Committee for Home Affairs and Law. Currently, he serves as director and audit committee member on the boards of Keppel Corporation and United Industrial Corporation. He is a fellow of the Singapore Institute of Arbitrators.
Board Committee Position
Last re-elected as a director: 20 April 2018
The youngest lawyer to be appointed Senior Counsel at the age of 37, Mr Yeo is currently the Chairman and Senior Partner of Wong Partnership. Among his areas of practice are banking and corporate disputes, restructuring and insolvency, and construction and civil engineering matters. Mr Yeo was an elected Member of Parliament from 2006 to 2015, and a former Chairman of the Government Parliamentary Committee for Home Affairs and Law. Currently, he serves as director and audit committee member on the boards of Keppel Corporation and United Industrial Corporation. He is a fellow of the Singapore Institute of Arbitrators.
Board Committee Position
-
Audit Committee (Member)
-
Board Risk Management Committee (Member)
Current Directorships in Other Listed Companies
-
Keppel Corporation (Director)
-
United Industrial Corporation (Director)
Other Principal Commitments
-
Wong Partnership (Chairman and Senior Partner)
-
Appeals Advisory Panel, Monetary Authority of Singapore(Member)
-
Asia Pacific Users’ Council, London Court of International Arbitration (Vice President)
-
Panel of Disciplinary Tribunal Chairmen, Supreme Court of Singapore (Member)
-
Panel of Disciplinary Tribunal Chairmen, Singapore Medical Council (Member)
-
Court of Arbitration, Singapore International Arbitration Centre (Member)
Past Directorships in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Jubilant Pharma Limited (till September 2018)
-
Neptune Orient Lines (till June 2016)
-
Singapore Land (Director) (till August 2014)
Education and Achievements
-
Bachelor of Laws (Hons), King's College, University of London
-
Barrister-at-Law, England & Wales
-
Chambers Asia-Pacific Outstanding Contribution to the Legal Profession Award (2017)
Wee Ee Lim, 57
Non-Executive and Non-Independent
Wee Ee Lim, 57
Non-Executive and Independent
Appointed as a director: 1 July 2018
Currently the Chief Executive Officer and President of Haw Par Corporation, Mr Wee has been closely involved in the management and growth of the Haw Par Group over the last 30 years. He has varied experience in a number of industries ranging from investments, healthcare, leisure to property.
Board Committee Position
Currently the Chief Executive Officer and President of Haw Par Corporation, Mr Wee has been closely involved in the management and growth of the Haw Par Group over the last 30 years. He has varied experience in a number of industries ranging from investments, healthcare, leisure to property.
Board Committee Position
-
Board Risk Management Committee (Member)
Current Directorships and Principal Commitments
-
Haw Par Corporation (President & Chief Executive Officer and Director)
-
UOL Group (Deputy Chairman)
-
United Industrial Corporation (Director)
-
Wee Foundation (Director)
Past Directorships in Listed Companies and Principal Commitments held over the Preceding Five Years
-
Singapore Land (Director) (till August 2014)
-
Hua Han Health Industry Holdings (till July 2015)
Education and Achievements
-
Bachelor of Arts (Economics), Clark University
