Change - Announcement of Appointment::Appointment of Executive Chairman and Executive Director

Issuer & Securities

Issuer/ Manager
JASPER INVESTMENTS LIMITED
Securities
JASPER INVESTMENTS LIMITED - SG1W79939920 - FQ7
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
04-Jul-2022 01:21:13
Status
New
Announcement Sub Title
Appointment of Executive Chairman and Executive Director
Announcement Reference
SG220704OTHRMC0S
Submitted By (Co./ Ind. Name)
Ng Joo Khin
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Mr Bambang Sugeng Bin Kajairi was appointed as the Executive Chairman and Executive Director of the Company.

Additional Details

Date Of Appointment
02/07/2022
Name Of Person
Bambang Sugeng Bin Kajairi
Age
57
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)
Having reviewed his qualifications and work experience, the nomination committee, and the board of directors of the Company approved the appointment of Bambang Sugeng bin Kajairi as Executive Chairman and Executive Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Executive Chairman and Executive Director

To lead and ensure effectiveness of the Board including promoting a culture of openness and debate at the Board and promoting high standards of corporate governance. As the face of the Board of Directors, to ensure effective communication with shareholders and other stakeholders. As Chairman, Bambang Sugeng bin Kajairi would also be responsible to set the Board agenda and conduct effective Board meetings as well as to ensure that the culture in the boardroom promotes open and effective communications among the members of the Board of Directors.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Executive Chairman and Executive Director
Professional qualifications
Bambang holds an honours degree (upper second class) in political science from the National University of Singapore
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
Bambang started his career with the Ministry of Foreign Affairs in Singapore in 1989. In 1991, he represented Singapore at the United Nations and delivered a speech at the UN Special Committee.

Bambang was Executive Assistant to Ong Beng Seng, the Managing Director of Hotel Properties Limited (HPL) from 1992 to 1995. He was appointed Director of Hotel Properties Ltd (HPL) in the United Kingdom for three years from 1995 to 1998 where he was responsible for developing and managing the investment portfolio of the HPL Group in the UK and Europe. This portfolio included the Canary Residences and the Four Seasons at Canary Wharf; the Sailmakers Court residential development at Chelsea. He was also on the Board of Virgin Entertainment Group Limited as an alternate director.

Prior to focusing on his business interests Bambang was an active volunteer in Singapore's national community. Prime Minister of Singapore, Mr. Goh Chok Tong, appointed him to both the Remaking of Singapore Committee and the Inter-Racial Harmony Council in 2002. He was also a Council Member of the Northeast Community Development Council in the early 2000s.

From 2005 to 2006 Bambang re-joined the ministry as Deputy Director, Americas Directorate, and was responsible for Singapore's strategic relationship with the US and Latin America.

From 2006 - 2008 Bambang was Managing Director of CapitaLand Amanah Pte Ltd as well as CapitaLand Bahrain Bay Management Pte Ltd. Based out of Singapore, he was responsible for the group's Islamic Fund Management activities in the region. He was also on the board of their various Group companies such as Mubadala CapitaLand Real Estate LLC, CapitaLand GCC (Abu Dhabi) Pte Ltd, CapitaLand GCC (Bahrain) Pte Ltd, CapitaLand Bahrain Bay Service WLL, and CapitaLand GCC Holdings Pte Ltd, in the Gulf Cooperation Council. While with CapitaLand Amanah, he was responsible for all investment projects in the GCC region, including the multi-billion-dollar joint venture development with Mubadala, Abu Dhabi.

Bambang was the CEO of Reem Investments PJSC from 2008 to 2013. Based in Abu Dhabi, it was primarily involved in real estate and financial investments. During his time as CEO, Bambang delivered total profits of USD 655 million and returned to the shareholders about USD 381 million in cash as dividends or capital reduction.

Bambang has maintained a passion for football throughout his life. He was appointed, head of delegation for the Football Association of Singapore (FAS), for the 28th SEA Games in Singapore in 2015. He was the partner of Manchester United Soccer School (MUSS) for Southeast Asia from 2008 to 2015 and helped it establish a presence in Abu Dhabi in 2010. Bambang was the Honorary Secretary of Tampines Rovers Football Club until 2008 and was a committee member of Geylang International Football Club in 2012 and 2016. He was appointed as a council member of the Football Association of Singapore from 2013 to 2015.

Bambang was the executive advisor to the Korean FG Asset Management (now known as AIP Asset Management), a real estate asset management company, which managed more than USD1.5 billion from 2015 to 2017.

From 2017 to 2020, Bambang took up a few advisory roles, including the establishment of the UK Superstores Fund and the proposed acquisition of Hyflux via AquaMunda.
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)
Please refer to Annex A.
Present
Bambang Sugeng Bin Kajairi is the founder and CEO of the Riau Capital Group of companies (RCG)
(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
Bambang Sugeng bin Kajairi has attended a briefing session on the duties and responsibilities of the Directors of a listed issuer as well as listing rule compliance requirements conducted by the
Company's Singapore legal counsel, Morgan Lewis Stamford LLC.

In addition, the Company will arrange for Bambang Sugeng bin Kajairi to attend the Listed Entity Director Programme conducted by the Singapore Institute of Directors as soon as practicable.
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.

Attachments

Jasper_Investments - Announcement - Bambang - Annex A.pdf
Total size =76K