MANAGEMENT EXECUTIVE COMMITTEE KWEK EIK SHENG Group Chief Operating Officer Mr Kwek Eik Sheng joined CDL in 2009, covering Business Development for overseas projects before being appointed as Head of Corporate Development. In 2014, he assumed his role as Chief Strategy Officer and undertook an added portfolio as Head of Asset Management in April 2016. On 1 January 2022, he was appointed Group Chief Operating Officer. Prior to joining CDL, he was with the Hong Leong Group of companies in Singapore, specialising in corporate finance roles from 2006 to 2008. Mr Kwek is an Executive Director of CDL’s principal subsidiary, Millennium & Copthorne Hotels Limited (M&C), as well as a Non-Independent NonExecutive Director of CDL Hospitality Trusts. He is a Non-Executive Director of Millennium & Copthorne Hotels New Zealand Limited and CDL Investments New Zealand Limited, both listed on New Zealand’s Exchange. He is also Chairman of Grand Plaza Hotel Corporation listed on the Philippine Stock Exchange. He holds a Bachelor of Engineering in Electrical and Electronics Engineering from Imperial College of Science, Technology and Medicine and a Master of Philosophy in Finance from Judge Business School, Cambridge University. CHIA NGIANG HONG Group General Manager Mr Chia Ngiang Hong joined CDL in 1981 and has more than 40 years of experience in the real estate industry in Singapore and the region. A muchrespected industry veteran, Mr Chia is the Immediate Past President of the Real Estate Developers’ Association of Singapore, Board Member of the Institute of Real Estate and Urban Studies, Honorary Advisor of the Singapore Green Building Council, and Council Member of the Singapore Business Federation, the Apex Business Chamber. He is also a Fellow of the Institute of Surveyors and Valuers and a member of the NUS Department of Real Estate Consultative Committee. He was formerly the Advisory Committee Chairman of the NUS School of Design and Environment. He sits on various committees of the Building and Construction Authority and other agencies. Beyond his contributions to the building, construction and real estate industry, Mr Chia is also active in community and grassroots activities and was awarded the PBM and BBM National Day Awards. He holds a Bachelor of Science in Estate Management (Honours) from the University of Singapore and a Master in Business Administration (Distinction) from the University of Hull, UK. YIONG YIM MING Group Chief Financial Officer Ms Yiong Yim Ming was appointed CDL’s Chief Financial Officer in April 2016 and was re-designated to Group Chief Financial Officer on 1 February 2018. An executive of the Company since 2007, she has extensive knowledge on CDL Group’s financial and operational matters, both domestically and overseas, covering property development, investment properties and hotels. She has strong technical competencies, specialising in the real estate sector, harnessed through 12 years of audit SHERMAN KWEK Group Chief Executive Officer Mr Sherman Kwek assumed his role as CDL’s Group Chief Executive Officer (Group CEO) in January 2018 after serving as the CEO-designate from August 2017. He was appointed as an Executive Director in May 2019 and concurrently holds the position of Executive Chairman of CDL China Limited since April 2016. He was previously the Deputy CEO and Chief Investment Officer of CDL. He has been spearheading the Group’s expansion in Singapore, China, Japan, Australia and the United Kingdom for over a decade. Under his leadership, the Group embarked on a Growth, Enhancement and Transformation (GET) strategy to expand its local and international presence, enhance its existing portfolio, strengthen recurring income streams, develop a fund management business and enable significant transformation through strategic investments and innovation, all of which with the ultimate goal of driving strong performance and creating lasting value for all shareholders. Throughout his career, Mr Kwek has held various senior management roles including serving as the CEO of Hong Kong-listed City e-Solutions Limited, an Executive Director of HL Global Enterprises Limited and the Chief Operating Officer of Thakral Corporation Ltd. He also worked at RECAP Investments Limited, a real estate private equity fund. Mr Kwek started his career in New York in venture capital and investment banking before joining the US division of Millennium & Copthorne Hotels Limited. He has experience in the areas of investments, mergers and acquisitions, real estate, hospitality and technology, and has worked in New York, Hong Kong, Shanghai and Singapore. He graduated from Boston University with a Bachelor of Science in Business Administration, majoring in Finance and Marketing with a minor in Psychology. The Management Executive Committee (ExCo) comprises (from left): Kwek Eik Sheng, Sherman Kwek, Yiong Yim Ming and Chia Ngiang Hong experience. Prior to joining CDL, she served a 10-year stint in KPMG Singapore and a two-year engagement with Ernst & Young Singapore. Ms Yiong is Vice President of the Institute of Singapore Chartered Accountants and is also a member of the United Nations (UN) Global Compact’s CFO Taskforce for the SDGs, which aims to channel sustainable finance for the achievement of the UN Sustainable Development Goals. She holds a Bachelor of Accountancy degree from Nanyang Technological University. LEE MEI LING Executive Vice President Head, Property Development CALLIE YAH Executive Vice President Head, Global Asset Management ESTHER AN Chief Sustainability Officer IVAN NG Chief Technology Officer GERALD YONG Chief Investment Officer SENIOR MANAGEMENT CORPORATE GOVERNANCE 35 34 CORPORATE GOVERNANCE ANNUAL REPORT 2023 CITY DEVELOPMENTS LIMITED
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