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Announcement Of Appointment Of Vice President, Investment

BackJun 15, 2009
Appointment Details
Date of Appointment 15/06/2009
Name Tan Seak Sze
Age 41
Country of principal residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) To bring Parkway Life REIT to its next level of growth, the Board would like to sharpen Parkway Life REIT's focus on its two core growth engines - investment and asset management. With the appointment of Mr. Tan Seak Sze, Mr. Tan Tee Meng, who had previously held the position of Vice President, Asset Management and Investment, will be re-designated to Vice President, Asset Management. Following this strategic restructuring, Parkway Life REIT will be able to enhance its double pronged strategy of achieving growth organically and externally. The Board, having reviewed the qualifications and experience of Mr. Tan Seak Sze, approved his appointment. The Management believes that Mr. Tan Seak Sze's knowledge and expertise would be of relevance and value add to the growth of Parkway Life REIT.
Whether appointment is executive, and if so, area of responsibility Executive appointment. In charge of the investment team, which is responsible for identifying, researching and evaluating potential acquisitions and related investments with a view of enhancing Parkway Life REIT's portfolio or divestments where a property is no longer strategic, fails to enhance the value of Parkway Life REIT's portfolio or fails to be yield accretive.
Job Title Vice President, Investment
Working experience and occupation(s) during the past 10 years 1) CapitaLand Retail Limited - Vice President, Investment (Mar 2007 - present)
2) Athena e-services - Chief Operating Officer (2005 - Feb 2007)
3) L&T Infocity-Ascendas Ltd - Chief Executive Officer (2003 - 2004)
4) Ascendas-MGM Funds Management Limited - Finance Manager (2002 - 2003)
5) Ascendas Pte. Ltd. - Assistant Vice President, Corporate Finance (2001 - 2002); Senior Manager, Corporate Finance (2001)
6) JTC International Pte Ltd - Senior Manager, Investment and Planning (1999 - 2000); Manager, Investment and Planning (1997-1999)
Shareholding in the listed issuer and its subsidiaries Nil
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries No
Conflict of interest No
Other Directorship
Past (for the last five years) 1. Altrivo Corporation, Philippines
2. Prestige Mysore Retail Ventures Private Limited, India
3. Prestige Mangalore Retail Ventures Private Limited, India
4. Prestige Garden Constructions Private Limited, India
5. Prestige Whitefield Investment and Developers Private Limited, India
6. Nunlet Projects Private Limited, India
7. Flicker Projects Private Limited, India
8. CapitaRetail Prestige Mall Management Private Limited, India
9. CapitaRetail Property Management India Private Limited, India
Present Nil
Information required pursuant to Listing Rule 704(7)(h)
a. Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? No
b. Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? No
c. Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? No
f. Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? No
h. Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? No
i. Whether he has ever been the subject of any order, judgement 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, No
  in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?  
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
Information required pursuant to Listing Rule 704(7)(i)
  Any prior experience as a director of a listed company?
Other Notes
Footnotes Citigroup Global Markets Singapore Pte. Ltd. and UBS AG, acting through its business group, UBS Investment Bank were the joint global co-ordinators, joint bookrunners and joint lead underwriters to the initial public offering of Parkway Life REIT.