Change - Announcement of Appointment::Appointment of Ms Tan Su Shan Carrie as Lead Independent Non-Executive Director

Issuer & Securities

Issuer/ Manager
MPACT MANAGEMENT LTD.
Securities
MAPLETREE PANASIA COM TRUST - SG2D18969584 - N2IU
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
03-Aug-2022 12:03:49
Status
New
Announcement Sub Title
Appointment of Ms Tan Su Shan Carrie as Lead Independent Non-Executive Director
Announcement Reference
SG220803OTHRM2U2
Submitted By (Co./ Ind. Name)
Wan Kwong Weng
Designation
Joint Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment as Lead Independent Non-Executive Director and Chairperson of Nominating and Remuneration Committee of MPACT Management Ltd. (the "Manager").

Additional Details

Date Of Appointment
03/08/2022
Name Of Person
Tan Su Shan Carrie
Age
54
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)
Ms Tan was an Independent Non-Executive Director and Chairperson of Nominating and Remuneration Committee of Mapletree North Asia Commercial Trust Management Ltd., the manager of Mapletree North Asia Commercial Trust ("MNACT") prior to its merger with Mapletree Commercial Trust.

Following the merger, the reconstituted Board shall comprise certain members from Mapletree North Asia Commercial Trust Management Ltd. and MPACT Management Ltd. (formerly known as Mapletree Commercial Trust Management Ltd.), to provide assurance of continuity to unitholders and achieve an optimal balance of experience, skills and knowledge relevant to the merged entity s business. Given Mapletree Pan Asia Commercial Trust's (" MPACT") expanded investment mandate and enlarged portfolios which encompass office and commercial assets as well as wider geographical focus, the Board is of the view that Ms Tan's prior knowledge in MNACT as well as her vast experience in banking industry will bring bench strength and add depth to the business strategy of the merged entity.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Lead Independent Non-Executive Director
Professional qualifications
Politics, Philosophy & Economics - Oxford University
IBF Distinguish Fellow, Institution of Banking and Finance
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
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
2019 to Present
Managing Director, Institutional Banking Group

2010 to 2018
Managing Director, Head of Consumer Banking & Wealth Management
DBS Bank Ltd.
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)
Union Pay International
Private Bank Industry Group, The
Monetary Authority of
Singapore
Network For Electronic Transfer (Singapore) Pte Ltd
Singapore Management University Board
AETOS Holdings Pte Ltd
MOH Holdings Pte Ltd
Hwa Chong Institution
Mapletree North Asia Commercial Trust Management Ltd.
Present
PT Bank DBS Indonesia
Singhealth Fund Limited
Central Provident Fund Board
EQT Fund Management S.A.R.L
EvolutionX Debt Capital Pte. Ltd.
EvolutionX Debt Capital FMC Pte. Ltd.
EvolutionX Debt Capital Fund 1 GP Pte. Ltd.
EvolutionX Debt Capital Master Fund 1 Pte. Ltd.
(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
Ms Tan was an Independent Non-Executive Director of Mapletree North Asia Commercial Trust Management Ltd., the manager of Mapletree North Asia Commercial Trust