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

Issuer & Securities

Issuer/ Manager
BANYAN TREE HOLDINGS LIMITED
Securities
BANYAN TREE HOLDINGS LIMITED - SG1T49930665 - B58
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
12-Aug-2022 18:22:52
Status
New
Announcement Sub Title
Appointment of Non-Executive Non-Independent Director
Announcement Reference
SG220812OTHRITWE
Submitted By (Co./ Ind. Name)
Moy Keen Choy
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Appointment of Non-Executive Non-Independent Director - Abdulla Ali M A Al-Kuwari

Additional Details

Date Of Appointment
12/08/2022
Name Of Person
Abdulla Ali M A Al-Kuwari
Age
32
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)
The Nominating Committee, having considered the qualifications and experience of Mr Abdulla AI-Kuwari, had recommended to the Board of Directors the appointment of Abdulla as Non-Executive and Non-Independent Director of the Company.

The Board had unanimously approved the appointment and Ministry of Manpower has issued a Letter of Consent on the same.

Abdulla, as representative of QIA's interest will add Asian and global geographical and sector diversity, providing insight and contribution to areas of business development and portfolio management across various sectors in Asia and globally.

Abdulla has served as the Head of Qatar Investment Authority Advisory (Asia Pacific), based in Singapore, since the commencement of its operations in April 2021.

Abdulla joined QIA in 2010 as a member of its Financial Institutions Department.

Abdulla is a Board Member of Qatar Investment Authority Advisory (Asia Pacific) Pte. Limited, Carsome Group, Inc., CITIC Capital Holdings Limited, Aventicum Capital Management Holding AG, The Arab Investment Company, and Arab International Bank.

Previously, Abdulla served as a Board Member of Al Khaliji Commercial Bank.
Whether appointment is executive, and if so, the area of responsibility
Non-Executive Director
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Non-Executive and Non-Independent Director
Professional qualifications
Bachelor of Science in Business Administration from Carnegie Mellon University (with University's Honors)
CFA Charter Holder
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)
N/A
Working experience and occupation(s) during the past 10 years
Head of QIA Advisory (Asia Pacific) since 2021
Manager at Financial Institutions Department at Qatar Investment Authority (2010 - 2021)
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)
- Board Member of Al Khaliji Commercial Bank (2018 - 2021)
- Board Member of Qatar Abu Dhabi Investment Company (2014 - 2018)
Present
- Carsome Holding (since April 2022)
- Qatar Investment Authority Advisory (Asia Pacific) - (since 2021)
- CITIC Capital Holdings Limited (since 2018)
- Aventicum Capital Management Holding AG (since 2017)
- The Arab Investment Company (since 2018)
- Arab International Bank (since 2021)
- Casualty Holding (since 2020)
- QADIC (since 2018)
- Q Webster (since 2018)
(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?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
Banyan Tree Holdings Limited will make the necessary arrangements for Abdulla to attend training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange.