Change - Announcement of Appointment::Appointment of Mr Cheung Wai Man, Raymond as Independent Director

Issuer & Securities

Issuer/ Manager
JCG INVESTMENT HOLDINGS LTD.
Securities
JCG INVESTMENT HOLDINGS LTD. - SGXE87511171 - VFP
JCG W201029 - SGXN50015746 - W4QW
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Appointment
Date &Time of Broadcast
28-Feb-2019 22:54:13
Status
New
Announcement Sub Title
Appointment of Mr Cheung Wai Man, Raymond as Independent Director
Announcement Reference
SG190228OTHRFTG9
Submitted By (Co./ Ind. Name)
Tan Swee Gek
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor") for compliance with the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.

This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing Address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).

Additional Details

Date Of Appointment
28/02/2019
Name Of Person
Cheung Wai Man, Raymond
Age
41
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of the Company, having reviewed and considered the Nominating Committee's assessment of Mr Cheung Wai Man, Raymond's qualifications and work experience, is of the view that Mr Cheung Wai Man, Raymond possesses the requisite experience and capabilities to assume the responsibilities as an Independent Director of the Company.

Mr Cheung Wai Man, Raymond is considered independent for the purpose of Rule 704(7) of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited.
Whether appointment is executive, and if so, the area of responsibility
The appointment is not executive.
Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)
Independent Director and a member of the Audit Committee
Professional qualifications
Associate of Institute & Faculty of Actuaries (AIA)
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries
Nil
Conflict of interests (including any competing business)
Nil
Working experience and occupation(s) during the past 10 years
November 2018 - Present
Chief Risk Officer, BMFA Group Pte. Ltd.

June 2014 - Present
Director, BRCA Pte Ltd

March 2018 - November 2018
Chief Strategy Officer, Symbo Platform Holdings Pte Ltd

April 2016 - February 2018
Regional Insurance Lead, GrabTaxi Holdings Pte Ltd

December 2013 - June 2014
Chief Risk Officer & Group Head of Compliance, Asia Capital Reinsurance Group

April 2011 - December 2013
Chief Risk Officer, AIG Asia Pacific Insurance
Regional Head of Insurance Portfolio / Aggregation Risk (ERM), AIG APAC Holdings

June 2010 - April 2011
Associate Director, Standard & Poor's

November 2008 - June 2010
AVP, Head of Actuarial & Pricing, OAC Insurance
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)
2015 - 2018
Director, BRCK Asia Partners
Present
June 2014 - Present
Director, BRCA Pte Ltd

2016 - Present
Director, JPL Advisory LLP

2018 - Present
Director, SWIFTAGRO Pte. Ltd.

2018 - Present
Nominee Director, WTSG Pte. Ltd.

2018 - Present
Nominee Director, Strategic Associates (HK) Limited

2018 - Present
Nominee Director, Fandom Networks Singapore (in the process of striking off)

2018 - Present
Nominee Director, Fandom Community Foundation (in the process of striking off)
(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
Mr Cheung Wai Man, Raymond will be attending Listed Entity Director Modules 1 to 5 under the Singapore Institute of Directors as soon as he can, but no later than one (1) year from the date of his appointment as a director of the Company.