News
Change - Announcement Of Appointment Of Chief Executive Officer
BackMar 30, 2023
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 30, 2023 17:56 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Executive Officer |
| Announcement Reference | SG230330OTHR09BU |
| Submitted By (Co./ Ind. Name) | Winnie Yap |
| Designation | Finance Director |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Mr Gerard Yuen Wei Yi as Chief Executive Officer of United Hampshire US REIT Management Pte. Ltd. (the "Manager") with effect from 1 May 2023. |
| Additional Details | |
| Date Of Appointment | 01/05/2023 |
| Name Of Person | Gerard Yuen Wei Yi |
| Age | 47 |
| 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) | As part of the succession planning for key management personnel, the Board, taking into consideration the credentials, experience, and qualifications of Mr Gerard Yuen Wei Yi, and at the recommendation of the Nominating and Remuneration Committee, approved Mr Gerard Yuen Wei Yi's appointment as Chief Executive Officer. Prior to his appointment as Chief Executive Officer, Mr Gerard Yuen Wei Yi was the Chief Financial Officer of the Manager. |
| Whether appointment is executive, and if so, the area of responsibility | This is an executive appointment. Mr Gerard Yuen will be working with the Board to determine the strategy for United Hampshire US REIT ("UHREIT"). He is also responsible for the overall day-to-day management and operations, as well as working closely with the investment, asset management, financial, investor relations and compliance personnel to meet the strategic, investment and operational objectives of UHREIT. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer |
| Professional qualifications | Mr Gerard Yuen holds a First Class Honours, Bachelor of Arts, Philosophy, Politics and Economics from St Edmund Hall, University of Oxford. He also holds a Master of Science, Economics for Development from St Edmund Hall, University of Oxford. |
| 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 | Prior to joining the Manager as Chief Financial Officer in July 2019, Mr Gerard Yuen Wei Yi was with Nomura Singapore Limited from November 2011 to February 2019 where he was Executive Director, Investment Banking, before being appointed Managing Director, Head of Singapore Coverage, Asia ex-Japan Investment Banking Division. Prior to Nomura Singapore Limited, Mr Gerard Yuen Wei Yi was with Deutsche Bank AG, Singapore Branch from 2004 to 2011 where he held a variety of positions within the Global Banking and Global Markets Division. |
| 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? | Yes |
| Shareholding Details | 1 Unit in United Hampshire US REIT |
| # 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) | United Hampshire US REIT Management Pte. Ltd. |
| Present | United Hampshire US REIT Sub 1 Pte Ltd United Hampshire US REIT Sub 2 Pte Ltd United Hampshire US REIT Sub 3 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? | 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 | Not Applicable |
| 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) | Not Applicable |
