Change - Announcement of Appointment::Appointment of Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
BHG RETAIL TRUST MANAGEMENT PTE. LTD.
Securities
BHG RETAIL REIT - SG1CD7000009 - BMGU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
22-Oct-2024 18:30:44
Status
New
Announcement Sub Title
Appointment of Independent Non-Executive Director
Announcement Reference
SG241022OTHRL1K3
Submitted By (Co./ Ind. Name)
Chan Iz-Lynn
Designation
Chief Executive Officer
Description (Please provide a detailed description of the event in the box below)
Appointment of Mr Gan Chee Yen as an Independent Non-Executive Director, Chairman of the Board, Chairman of the Audit and Risk Committee, and Member of the Nominating and Remuneration Committee.

Additional Details

Date Of Appointment
11/11/2024
Name Of Person
Gan Chee Yen
Age
65
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process)
Mr Gan was Co-Chief Investment Officer, Senior Managing Director, Special Projects and Head of China Market at Temasek International. He joined Temasek in May 2003 as Chief Financial Officer and had served in various investments roles as a member of the senior management team in Temasek wherein he anchored several successful investments, before he took on the role of Co-Chief Investment Officer of Temasek International. From 2011 to 2019, Mr. Gan was Chief Executive Officer of Fullerton Financial Holdings (International) Pte Ltd, which invests in and operates financial institutions in emerging markets. From 2019 to 2021, Mr Gan joined V3 Fintech Pte. Ltd. as Senior Advisor. Thereafter, Mr Gan joined Pacific International Lines (Private) Limited as Co-President and Executive Director, where he was a key member of the leadership team to execute the successful turnaround of the company s businesses before he retired in August 2022. The Board of Directors having reviewed the experience, expertise and suitability of Mr Gan, and having considered the recommendations and views of the Nominating and Remuneration Committee (NRC), approved the appointment of Mr Gan as an Independent Director and Chairman of the Board and chairman of the Audit and Risk Committee and a member of the NRC. The Board considers Mr Gan to be independent for the purposes of Rule 704(8) of the Listing Manual of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director,
Chairman of the Board,
Audit and Risk Committee (Chairman),
Nominating and Remuneration Committee (Member)
Professional qualifications
Bachelor of Accountancy, National University of Singapore
Chartered Accountant (Singapore), Institute of Singapore Chartered Accountants
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
N/A
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
October 2022 to Present
V3 Capital Investments Pte Ltd
Chairman

July 2020 to August 2022
Pacific International Lines (Private) Limited
Co-President and Executive Director

November 2019 to January 2021
V3 Fintech Pte Ltd
Senior Advisor

August 2011 to September 2019
Fullerton Financial Holdings (International) Pte Ltd
Chief Executive Officer & Executive Director
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries?
No
# These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8).
Past (for the last 5 years)
1) ACR Capital Holdings Pte Ltd
2) BOC Fullerton Community Bank
3) Bank Danamon Indonesia
4) Bicentennial Fund 1 Pte Ltd
5) Cambodia Post Bank
6) Clifford Capital Pte Ltd
7) CEI Limited (now known as CEI Pte Ltd)
8) Draycott Technology Partners Pte Ltd
9) Dunia Finance LLC
10) Fullerton Credit Services
11) Fullerton India Credit Company
12) Fullerton Financial Holdings Pte Ltd
13) Fullerton Financial Holdings (International) Pte Ltd
14) Fulerton Investment Management Pte Ltd
15) Fullerton Technology Shanghai
16) Pacific International Lines (Private) Limited
17) PIL Pte Ltd
18) PIL Enterprises Pte Ltd
19) PIL Marine Pte Ltd
20) PIL Reality (Private) Limited
21) SGI Capital Management Pte Ltd
22) ST Asset Management Ltd
23) Through Transport Mutual Insurance Association Limited
24) ICHX Tech Pte Ltd
Present
1) Mapletree Japan Investment Country Private Trust
2) Singapore Post Limited
3) V3 Capital Investments Pte Ltd
4) Nomura Singapore Limited
5) Heliconia Capital Management Pte Ltd
6) Surbana Jurong Private Limited
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency?
No
(c) Whether there is any unsatisfied judgment against him?
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust?
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
Yes
If Yes, Please provide details of prior experience
Mr Gan was a director of CEI Limited and Neptune Orient Lines Ltd, and is currently a director of Singapore Post Limited.
Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable)
N/A