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Kwek Leng Beng

Chairman

Executive Director

Mr Kwek has extensive experience in the real estate business, having joined City Developments Limited (CDL) in the late 1960s and since then has contributed significantly to building CDL’s more than five decades of track record. He grew the Group’s hospitality arm and has been actively involved in its development into Singapore’s largest international hotel group and one of the largest hotel owners and operators in the world. He also has extensive experience in the finance business, having grown from day one with the original Hong Leong Finance Limited which has since merged its finance business with Singapore Finance Limited (now known as Hong Leong Finance Limited). He is also experienced in the trading and manufacturing sectors.

Mr Kwek has received numerous accolades. In 1997, he was named “Businessman of the Year 1996” by Singapore Business Awards, organised by The Business Times and DHL. In 2012, he was jointly awarded the “Partners in the Office of the CEO” award in the Brendan Wood International – Securities Investors Association Singapore (SIAS) TopGun CEO Designation Award with the late Mr Kwek Leng Joo (former Deputy Chairman of CDL). This award is given to CEOs who are best in class as rated by shareholders. In 2014, he received the inaugural Real Estate Developers’ Association of Singapore (REDAS) Lifetime Achievement Award which honours a pioneering group of real estate leaders.

He received the Singapore Chinese Chamber of Commerce and Industry (SCCCI) SG50 Outstanding Chinese Business Pioneers Award in 2015. The award honours the Republic’s outstanding Chinese business pioneers and their exemplary contributions to nation-building. That same year, he was accorded the Lifetime Achievement Award from Hotel Investment Conference Asia Pacific (HICAP). This accolade honours exceptional individuals who have distinguished themselves through accomplishments and contributions to the hotel industry.

In 2017, he was presented the Lifetime Achievement Award at the Asia Pacific Entrepreneurship Awards organised by Enterprise Asia, a regional non-governmental organisation for entrepreneurship. The award was in recognition of outstanding achievements, visionary leadership and steadfast dedication that led to the successful growth of the Hong Leong Group for over five decades. That same year, he clinched the inaugural Global Blue Ocean Shift Award, given at the Global Entrepreneurship Community Summit in Kuala Lumpur. Mr Kwek was awarded the Singapore Tatler Diamond Award (Lifetime Achievement) 2018, in recognition of his exceptional leadership that led Hong Leong Group to grow into a globally diversified enterprise.

Mr Kwek holds a law degree, LL.B. (London) and is also a fellow of The Institute of Chartered Secretaries and Administrators. He was also conferred an Honorary Doctorate of Business Administration in Hospitality from Johnson & Wales University (Rhode Island, US) and an Honorary Doctorate from Oxford Brookes University (UK).

Note:

Hong Leong Investment Holdings Pte. Ltd. is the immediate and ultimate holding company of CDL. Hong Leong Finance Limited, Hong Leong Asia Ltd., Tasek Corporation Berhad, China Yuchai International Limited and Hong Leong Corporation Holdings Pte. Ltd. are related companies under the Hong Leong Group of companies. Millennium & Copthorne Hotels Limited and CDL China Limited are subsidiaries of CDL.

First appointment as Director
  • 1 October 1969
Appointment as Executive Chairman
  • 1 January 1995
Last re-election as Director
  • 24 June 2020
Board committees
  • Board Committee (Chairman)
  • Nominating Committee (Member)
Present directorships in other listed companies* and principal commitments
  • Hong Leong Finance Limited* (Chairman/Managing Director)
  • Hong Leong Investment Holdings Pte. Ltd. (Executive Chairman)
  • Millennium & Copthorne Hotels Limited (Executive Chairman)
Other appointments
  • Singapore Hotel Association (Member)
  • Singapore Institute of Directors (Fellow)
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • City e-Solutions Limited* (Chairman/Managing Director)
  • Hong Leong Asia Ltd.* (Non-Executive Chairman)
  • Millennium & Copthorne Hotels plc* (Non-Executive Chairman) (delisted and privatised in 2019 and now known as Millennium & Copthorne Hotels Limited)

Sherman Kwek Eik Tse

Executive Director

Group Chief Executive Officer

Mr Kwek assumed his current role as Group Chief Executive Officer in January 2018, responsible for setting and implementing the business direction and strategies for the CDL Group as endorsed by the Board, providing leadership to drive the pursuit of the Group’s strategic objectives, and having overall management oversight of the Group’s performance. He has held the position of Executive Chairman of CDL China Limited since 2016.

Prior to joining CDL, Mr Kwek was the CEO of City e-Solutions Limited (now known as China Tian Yuan Healthcare Group Limited), a Hong Kong-listed company that was formerly a subsidiary of the Group and engaged in the provision of hotel management and electronic distribution services to the global hospitality industry. It was divested by CDL in 2016.

Mr Kwek has been a Council member of the Singapore Chinese Chamber of Commerce and Industry (SCCCI) since 2013. He was appointed by the SCCCI as the Chairman of the Youth Business Affairs Committee, which is tasked with promoting the Chinese entrepreneurial spirit, managing succession planning and nurturing future business leaders. He is also a member of the Council for Board Diversity (formerly known as the Diversity Action Committee initiated by the Singapore Exchange Limited) which advocates greater gender diversity on the boards of listed companies. In April 2019, he was appointed as a board member of the Building and Construction Authority (BCA), a statutory board that plays a key role in shaping the built environment in Singapore. In October 2019, he was appointed as a board member of Business China, which aims to nurture an inclusive bilingual and bicultural group of Singaporeans, so as to sustain Singapore’s multi-cultural heritage and develop a cultural and economic bridge linking the world and China.

He graduated from Boston University, USA with a Bachelor of Science in Business Administration, majoring in Finance and Marketing with a minor in Psychology.

Note:

Hong Leong Investment Holdings Pte. Ltd. is the immediate and ultimate holding company of CDL. Hong Leong Finance Limited, Hong Leong Asia Ltd., Tasek Corporation Berhad, China Yuchai International Limited and Hong Leong Corporation Holdings Pte. Ltd. are related companies under the Hong Leong Group of companies. Millennium & Copthorne Hotels Limited and CDL China Limited are subsidiaries of CDL.

First appointment as Director
  • 15 May 2019
Last re-election as Director
  • 24 June 2020
Board committees
  • Board Sustainability Committee (Chairman)
  • Board Committee (Member)
Present directorships in other listed companies* and principal commitments
  • CDL China Limited (Executive Chairman) (non-listed)
Other appointments
  • Singapore Chinese Chamber of Commerce and Industry (SCCCI) (Council Member)
  • SCCCI - Youth Business Affairs Committee (Chairman)
  • Council for Board Diversity (Council Member)
  • Building and Construction Authority (Board Member)
  • Business China (Board Member)
  • Chinese Development Assistance Council (Board Member)
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • City e-Solutions Limited* (Chief Executive Officer)

Lim Yin Nee Jenny

Non-Executive and Independent Director (Lead)

Ms Lim was admitted as a partner of KPMG in 1983. She started her career with KPMG, first in audit and subsequently specialised in taxation. Prior to her retirement from professional practice on 31 December 2001, she was the Head of KPMG’s Tax Practice and a member of KPMG’s International Tax Committee. She remained as an Advisor to KPMG until 31 January 2004.

Ms Lim is a retired fellow member of the Association of Chartered Certified Accountants, United Kingdom (ACCA). She was previously ACCA’s examiner for both the Taxation and Advanced Taxation papers, an adjunct professor with the Singapore Management University, a facilitator with the Tax Academy of Singapore and a board member of Raffles Institution.

First appointment as Director
  • 22 June 2018
Last re-election as Director
  • 26 April 2019
Board committees
  • Audit & Risk Committee (Chairman)
  • Remuneration Committee (Chairman)
  • Board Committee (Member)
  • Nominating Committee (Member)
Present directorships in other listed companies and principal commitments
  • Viriya Community Services (President)
Other appointments
  • Nil
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • M&C REIT Management Limited, the manager of CDL Hospitality Real Estate Investment Trust (Non-Executive and Independent Director)
  • M&C Business Trust Management Limited, the trustee-manager of CDL Hospitality Business Trust (Non-Executive and Independent Director)

Philip Yeo Liat Kok

Non-Executive and Independent Director

Mr Yeo is the Chairman of Economic Development Innovations Singapore Pte Ltd (EDIS) which provides strategic advice and undertakes the development and management of integrated industrial and urban areas with an emphasis on job creation and industrial cluster development.

Mr Yeo received the Order of the Rising Sun, Gold and Silver Star from Government of Japan (2007) and the Distinguished Service (Star) award from the Singapore Labour Movement, National Trade Union Congress (2008).

Mr Yeo holds a Bachelor of Applied Science (Industrial Engineering), an honorary Doctorate in Engineering from the University of Toronto, Canada, an honorary Doctorate in Medicine from the Karolinska Institutet, Sweden, a Master of Science (Systems Engineering) from the University of Singapore, a Master of Business Administration from Harvard University, USA, a Doctor of Science from Imperial College, London, an honorary Doctor of Letters from National University of Singapore and an honorary Doctor of Law from Monash University of Australia.

First appointment as Director
  • 11 May 2009
Last re-election as Director
  • 26 April 2019
Board committees
  • Nominating Committee (Chairman)
  • Board Sustainability Committee (Member)
Present directorships in other listed companies* and principal commitments
  • Kerry Logistics Network Limited* (Independent Director)
  • Economic Development Innovations Singapore Private Limited (EDIS) (Chairman)
  • Accuron Technologies Limited (Chairman)
  • Advanced MedTech Holdings Pte. Ltd. (Chairman)
Other appointments
  • Nil
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • Hitachi Ltd* (Independent Director)
  • Baiterek National Managing Holding (Independent Director)

Tan Poay Seng

Non-Executive and Independent Director

Currently the Managing Director of Magni-Tech Industries Berhad, an investment holding company listed on the Main Market of Bursa Securities Malaysia Berhad, and Coronation Springs (M) Sdn. Bhd., a niche property development company, Mr Tan has more than 30 years of experience in various business sectors which include manufacturing, housing development, marketing, retailing and healthcare services. He was named as one of the best CEOs of companies listed in nine sectors on Bursa Malaysia in 2016. Mr Tan holds a diploma in Hotel Management, Switzerland.

First appointment as Director
  • 2 February 2012
Last re-election as Director
  • 26 April 2019
Board committees
  • Board Sustainability Committee (Member)
Present directorships in other listed companies* and principal commitments
  • Magni-Tech Industries Berhad* (Managing Director)
  • Coronation Springs (M) Sdn. Bhd. (Managing Director)
  • South Island Garment Sdn Bhd (Managing Director)
Other appointments
  • Nil
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • Nil

Ong Lian Jin Colin

Non-Executive and Independent Director

Mr Ong is the Founder of Advisors’ Clique and Executive Senior Director of Great Eastern Financial Advisers, a position he has held since 2011. A veteran in the financial services industry with more than 28 years of experience, he has achieved the Million Dollar Round Table (MDRT) 25 times since 1993 and is a member of its prestigious MDRT Quarter Century Club.

Mr Ong was a recipient of the Centennial Award by Great Eastern Life in 2008, an accolade awarded during its 100th anniversary to only three Senior Directors in recognition of their contributions to the company. He has also received the IBF Fellow award in 2015 from the Institute of Banking and Finance and was named Asia’s Inspirational Leader of the Year in 2015 by the Asia Insurance Review.

Mr Ong holds a Bachelor of Arts & Social Sciences from the National University of Singapore. He is also a Chartered Life Underwriter and Chartered Financial Consultant.

First appointment as Director
  • 7 October 2020
Last re-election as a Director
  • Nil
Board committees
  • Nominating Committee (Member)
  • Remuneration Committee (Member)
Present directorships in other listed companies* and principal commitments
  • Great Eastern Financial Advisers (Executive Senior Director)
Other appointments
  • Nil
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • Nil

Daniel Marie Ghislain Desbaillets

Non-Executive and Independent Director

Mr Desbaillets has an extensive portfolio in the hospitality industry with 42 years of experience. Prior to the privatisation of Millennium and Copthorne Hotels Limited (M&C), Mr Desbaillets was the appointed to the M&C board in 2016 as an Independent Non-Executive Director and had served in the Audit & Risk, Remuneration and Risk Committees. In 2010, he was the Independent Non-Executive Director of M&C REIT Management Limited, the manager for CDL Hospitality Real Estate Investment Trust (“H-REIT”) and also of M&C Business Trust Management Limited, the trustee-manager for CDL Hospitality Business Trust (“HBT”) and had served in the Nominating and Remuneration Committees. Both H-REIT and HBT are comprised as a stapled group in CDL Hospitality Trusts, which is listed on the Singapore Exchange Securities Trading Limited.

Since 1973, he has been holding senior positions with international hotel chains including InterContinental Hotel Group, Hilton, Shangri-La, Fullerton Hotels and Resorts and TCC Hotels Thailand. His responsibilities in the Corporate offices included regional hotel operations, finance, marketing, human resource food & beverage (F&B) and asset management. Currently, Mr Desbaillets is the Executive Chairman of family-owned businesses in the F&B industry, FreshCreation Holdings Pte. Ltd. and Salad Stop Pte. Ltd., and has 57 units in Singapore, Asia and Spain that are owned, franchised and under joint ventures.

He holds a diploma in Commercial Studies from Ecole Benedict Geneva, Switzerland and a Certificate with Distinction in Service, Food Production and Administration from Lausanne Hotel School, Switzerland.

First appointment as Director
  • 20 November 2020
Last re-election as a Director
  • Nil
Board committees
  • Board Committee (Member)
  • Board Sustainability Committee (Member)
Present directorships in other listed companies* and principal commitments
  • FreshCreation Holdings Pte. Ltd. (Executive Chairman)
  • Salad Stop Pte. Ltd. (Executive Chairman)
Other appointments
  • Nil
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • Millennium & Copthorne Hotels Limited (Independent, Non-Executive Director)
  • M&C REIT Management Limited (Independent, Non-Executive Director)
  • M&C Business Trust Management Limited (Independent, Non-Executive Director)

Chong Yoon Chou

Non-Executive and Independent Director

Mr Chong started his career at Aberdeen Standard Investments (Asia) Limited in 1994 as an analyst and fund manager on Asian equities. He was later transferred to Sydney as Head of Australian Equities in 2001. Subsequently, he held roles in London, Edinburgh and Philadelphia as Head of Pan-European Equities and Head of Developed Markets ex-Asia, before returning to Singapore in 2008 as Investment Director where he co-managed a team of 40 investment managers in seven investment offices. He was also the Managing Director of Aberdeen Asset Management Malaysia.

Throughout his stint with the company, Mr Chong was involved in many restructuring initiatives in Australia and Europe whilst spearheading investment teams in various M&A projects such as the acquisition of Edinburgh Fund Managers in 2005, Deutsche Asset Management UK in 2006, Philadelphia Nationwide Financial Service US in 2007 and Credit Suisse Asset Management in 2009. He was also responsible for setting up the group’s research systems and led in transition projects during Europe’s implementation of Markets in Financial Instruments Directive II (MiFID II). Mr Chong’s 27 years of extensive experience in managing assets and funds also included his management of Asian and Emerging market equities at Ostrum Asset Management Asia Ltd, part of the Natixis Investment Management group with USD1tn of funds under management.

Mr Chong graduated from the London School of Economics with a Bachelor of Science (Economics) in Accounting & Finance, a Master of Science in Finance and a Master of Science in Information Systems. He is also a Chartered Financial Analyst and has Leadership Development certifications at Harvard Business School and INSEAD.

First appointment as Director
  • 20 November 2020
Last re-election as a Director
  • Nil
Board committees
  • Audit & Risk Committee (Member)
Present directorships in other listed companies* and principal appointments
  • Leanne Capital Pte. Ltd. (Founder/Director)
Other appointments
  • Nil
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • Ostrum Asset Management Asia Ltd. (Chief Investment Officer, Equities)
  • Aberdeen Standard Investments (Asia) Limited (Investment Director)

Carol Fong (Chan Swee Liang Carolina)

Non-Executive and Independent Director

Ms Fong has more than 30 years of experience in investment banking and financial markets. Currently the Group Chief Executive Officer of CGS-CIMB Securities, she is responsible for the overall management and financial performance of the CGS-CIMB Securities group’s equities business, a regional franchise covering Asia Pacific (ex-Japan), as well as offices in London and New York.

Before this, she was the Singapore country Investment Banking CEO of CIMB Group, where she was responsible for building up their investment banking business and management of key client and regulator relationships in Singapore.

Ms Fong’s career began at Oversea-Chinese Banking Corporation and she has since held several senior managerial positions in various stockbroking firms. She is also currently the Chairman of the Singapore Exchange Securities Advisory Committee and is also appointed as an Independent Director of mainboard-listed Genting Singapore.

She holds a Bachelor of Arts degree from the National University of Singapore and a Diploma in Personnel Management. She also obtained the Executive Diploma in Directorship from Singapore Management University - Singapore Institute of Directors in 2018.

First appointment as Director
  • 29 December 2020
Last re-election as Director
  • Nil
Board committees
  • Board Committee (Member)
  • Remuneration Committee (Member)
Present directorships in other listed companies* and principal appointments
  • CGS-CIMB Securities (Singapore) Pte Ltd (Group Chief Executive Officer)
  • Genting Singapore Limited (Independent Non-Executive Director)*
Other appointments
  • Leukemia and Lymphoma Foundation (Board Member and Honorary Treasurer)
  • Singapore Exchange Securities Advisory Committee (Chairman)
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • Nil

Lee Jee Cheng Philip

Non-Executive and Independent Director

Mr Lee has 35 years of experience in accounting and finance. He was admitted into the partnership of KPMG Singapore in 1995 where he served until his retirement in September 2018. During his time at KPMG, Mr Lee had served on the leadership team in KPMG Singapore and on the executive team at KPMG Asia Pacific. In addition, he was the Head of Real Estate and the Head of an Audit Business Unit. He was also the Head of People and led KPMG to various HR Awards.

His experience include accounting and auditing, evaluation of controls and compliance, transaction services and assisting companies in preparing for and raising funds from the capital markets. Currently, he serves as a Member of the Governing Council of Singapore Agro-Food Enterprises Federation Limited.

Mr Lee is a Fellow Member of Association of Chartered Certified Accountants (UK) and a Fellow Chartered Accountant of Singapore.

First appointment as Director:
  • 4 January 2021
Last re-election as a Director
  • Nil
Board committees
  • Audit & Risk Committee (Member)
  • Nominating Committee (Member)
  • Remuneration Committee (Member)
Present directorships in other listed companies* and principal appointments
  • Nil
Other appointments
  • Singapore Agro-Food Enterprises Federation Limited (Governing Council Member)
Past directorships in other listed companies* and principal commitments held in the preceding five years
  • Nil

As of 4 January 2021

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