The REIT Manager
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Board of Directors

The Board comprises seven members, three of whom are independent non-executive Directors.

The Board is responsible for the overall governance of the REIT Manager and is collectively responsible for the management of the business and affairs of the REIT Manager. The Board exercises its general power within the limits defined by the articles of association of the REIT Manager, with a view to ensuring that management discharges its duties and is compensated appropriately, and that sound internal control policies and risk management systems are maintained. The Board also reviews major financial decisions and the performance of the REIT Manager. In accordance with the REIT Code, the REIT Manager is required to act in the best interest of the unitholders, to whom it owes a fiduciary duty.

  • Dr. CHIU Kwok Hung, Justin, aged 64, is the Chairman of the REIT Manager. He is also the Chairman and Non-executive Director of ARA Asset Management Limited ("ARA"), the holding company of the REIT Manager and the Chairman of ARA Asset Management (Fortune) Limited (the manager of Fortune REIT). ARA is listed on the Main Board of Singapore Exchange Securities Trading Limited ("SGX-ST") and Fortune REIT is listed on the Main Board of both The Stock Exchange of Hong Kong Limited ("SEHK") and SGX-ST. Dr. Chiu is also a Director of ARA Fund Management (Asia Dragon) Limited as the manager of the ARA Asia Dragon Fund. Dr. Chiu serves as a member of the Standing Committee of the 12th Shanghai Committee of the Chinese People's Political Consultative Conference of the People's Republic of China, and is a Fellow of The Hong Kong Institute of Directors, a Fellow of Hong Kong Institute of Real Estate Administrators and a member of the Board of Governors of Hong Kong Baptist University Foundation.

    Dr. Chiu has more than 30 years of international experience in real estate in Hong Kong and various countries and is one of the most respected professionals in the property industry in Asia. Dr. Chiu is an Executive Director and Member of Executive Committee of Cheung Kong (Holdings) Limited ("Cheung Kong"), a company listed on the Main Board of SEHK. He joined Cheung Kong in 1997 and has been an Executive Director since 2000, heading the real estate sales, marketing and property management teams. Prior to joining Cheung Kong, Dr. Chiu was with Sino Land Company Limited from 1994 to 1997 and Hang Lung Development Company Limited (now known as Hang Lung Group Limited) from 1979 to 1994 responsible for the leasing and property management in both companies. Both Sino Land Company Limited and Hang Lung Group Limited are listed on the Main Board of SEHK.

    Dr. Chiu holds Bachelor degrees in Sociology and Economics from Trent University in Ontario, Canada, and was conferred with the degree of Doctor of Social Sciences, honoris causa by Hong Kong Baptist University and the degree of Doctor of Laws, honoris causa by Trent University in Ontario, Canada.

  • Mr. LIM Hwee Chiang, aged 58, is a Non-executive Director of the REIT Manager. He is also the Group Chief Executive Officer and an Executive Director of ARA Asset Management Limited ("ARA"), the holding company of the REIT Manager. He has been a Director of ARA since its establishment. He is also a Director of ARA Trust Management (Suntec) Limited (the manager of Suntec REIT), ARA Asset Management (Fortune) Limited (the manager of Fortune REIT), ARA-CWT Trust Management (Cache) Limited (the manager of Cache Logistics Trust), Am ARA REIT Managers Sdn Bhd (the manager of AmFIRST REIT) and Hui Xian Asset Management Limited (the manager of Hui Xian REIT). ARA, Suntec REIT and Cache Logistics Trust are listed on the Main Board of Singapore Exchange Securities Trading Limited ("SGX-ST"), Fortune REIT is listed on the Main Board of both The Stock Exchange of Hong Kong Limited ("SEHK") and SGX-ST, Hui Xian REIT is listed on the Main Board of SEHK, and AmFIRST REIT is listed on the Main Board of Bursa Malaysia.

    In addition, Mr. Lim is the Chairman of APM Property Management Pte. Ltd., Suntec Singapore International Convention & Exhibition Services Pte. Ltd. and the management council of The Management Corporation Strata Title Plan No. 2197 (Suntec City). Mr. Lim is also an Independent Director and the Chairman of the Remuneration Committee of Teckwah Industrial Corporation Limited which is listed on the Main Board of SGX-ST. He is also a Director of Chinese Chamber Realty Private Limited, a Director of the Financial Board of the Singapore Chinese Chamber of Commerce, the Chairman of the Property Management Committee of the Singapore Chinese Chamber of Commerce and Industry, and a member of the Consultative Committee to the Department of Real Estate, National University of Singapore.

    Mr Lim has more than 30 years of experience in the real estate industry, and has received many notable corporate awards. His recent accolades include the Ernst & Young Entrepreneur Of the Year Singapore 2012, Ernst & Young Entrepreneur Of the Year – Financial Services 2012 and the Outstanding CEO of the Year 2011 at the Singapore Business Awards 2012. Mr. Lim, along with the Board of Directors of ARA, is also a recipient of the prestigious Best Managed Board (Gold) Award at the Singapore Corporate Awards 2012.

    Mr. Lim holds a Bachelor of Engineering (First Class Honours) in Mechanical Engineering, a Master of Science in Industrial Engineering, as well as a Diploma in Business Administration, each from the National University of Singapore.

  • Ms. WONG Lai Hung, Mavis, aged 41, is an Executive Director, the Chief Executive Officer and a Responsible Officer of the REIT Manager. She is also the Chairman of the Disclosures Committee and a member of the Designated (Finance) Committee of the REIT Manager. Ms. Wong has led and/or been a member of the Investment and Asset Management Team of the REIT Manager since Prosperity REIT was listed in December 2005. She was the Director, Investment and Asset Management of the REIT Manager overseeing the business plans of Prosperity REIT's properties including leasing, property management and asset enhancement strategies, and is responsible for investment strategy and policy. Ms. Wong served as Acting Chief Executive Officer from 8 April 2011 to 31 December 2012, at which point she was re-designated as the Chief Executive Officer on 1 January 2013. Ms. Wong has been a Responsible Officer of the REIT Manager since July 2007.

    Ms. Wong has 20 years of real estate industry experience. Prior to joining the REIT Manager, Ms. Wong worked in the leasing, marketing and asset/property management departments of various developers, management companies and corporations including Cheung Kong (Holdings) Limited, New World Development Company Limited, Jardine Matheson & Co Limited, Goodwill Management Limited (a wholly-owned subsidiary of Henderson Land Development Co. Ltd.) and Yaohan Department Store (HK) Limited. Ms. Wong is a Member of The Hong Kong Institute of Directors.

    Ms. Wong holds a Bachelor of Arts degree from the Chinese University of Hong Kong, a Postgraduate Certification in HK Law from City University of Hong Kong and a Diploma in Property Development from SPACE, University of Hong Kong.

  • Mr. MA Lai Chee, Gerald, aged 46, is a Non-executive Director of the REIT Manager and a member of the Designated (Finance) Committee. He is currently Member of Executive Committee and Chief Manager, Corporate Business Development Department of Cheung Kong (Holdings) Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"). Mr. Ma is an Alternate Director to Mr. Ip Tak Chuen, Edmond, Non-executive Director of ARA Asset Management (Fortune) Limited (the manager of Fortune REIT), and an Alternate Director to Mr. Lai Kai Ming, Dominic, Non-executive Director of Hutchison Telecommunications Hong Kong Holdings Limited ("Hutchison Telecommunications"). Fortune REIT is listed on the Main Board of both SEHK and Singapore Exchange Securities Trading Limited, and Hutchison Telecommunications is listed on the Main Board of SEHK.

    Mr. Ma has over 24 years of experience in banking, investment and portfolio management, real estate development and marketing, as well as managing IT related ventures and services. He is a member of the Hospitality Services Committee of Caritas Hong Kong, a member of the President's Circle, the Dean's Advisory Board for the Faculty of Arts and the China Advisory Council for the Sauder School of Business of the University of British Columbia, Canada ("UBC"). He holds a Bachelor of Commerce degree in Finance and a Master of Arts degree in Global Business Management.

  • Dr. LAN Hong Tsung, David, aged 74, is an Independent Non-executive Director, the Chairman of the Audit Committee and a member of the Designated (Finance) Committee of the REIT Manager. He is also an Independent Non-executive Director and a member of the Audit Committee of ARA Asset Management (Fortune) Limited (the manager of Fortune REIT which is listed on the Main Board of both The Stock Exchange of Hong Kong Limited and Singapore Exchange Securities Trading Limited). Dr. Lan is also an Independent Non-executive Director of other listed companies in Hong Kong including Cheung Kong Infrastructure Holdings Limited (in which he is a member of the Audit Committee), Hutchison Telecommunications Hong Kong Holdings Limited (in which he is a member of the Audit Committee and Chairman of the Remuneration Committee), Hutchison Harbour Ring Limited and SJM Holdings Limited. Dr. Lan is currently the Chairman of David H T Lan Consultants Ltd., Supervisor of Nanyang Commercial Bank (China), Limited and holds a directorship at Nanyang Commercial Bank Ltd. as well as being a Senior Advisor of Mitsui & Company (Hong Kong) Limited. Dr. Lan is also the President of the International Institute of Management.

    Dr. Lan was the Secretary for Home Affairs of the Government of the Hong Kong Special Administrative Region until his retirement in July 2000. He had served as civil servant in various capacities for 39 years and was awarded the Gold Bauhinia Star Medal (GBS) on 1 July 2000. He was appointed to the 10th and 11th sessions of the National Committee Member of the Chinese People's Political Consultative Conference of the People's Republic of China. Dr. Lan is a Chartered Secretary and a Fellow Member of The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators.

    Dr. Lan received his Bachelor of Arts degree from the University of London and completed the Advanced Management Program (AMP) of the Harvard Business School, Boston. He was also awarded Fellow, Queen Elizabeth House (Oxford). Dr. Lan was conferred with Doctor of Humanities, honoris causa by Don Honorio Ventura Technological State University, and holder of Visiting Professorship Awards of Bulacan State University and Tarlac State University.

  • Mrs. SNG Sow-Mei (alias Poon Sow Mei), aged 73, is an Independent Non-executive Director and a member of the Audit Committee of the REIT Manager. She is also an Independent Non-executive Director of CK Infrastructure Holdings Limited ("CK Infrastructure") and ARA Asset Management (Fortune) Limited (the manager of Fortune REIT), and the Lead Independent Director of Hutchison Port Holdings Management Pte Limited (the manager of Hutchison Port Holdings Trust ("HPH Trust")). CK Infrastructure is listed on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"), Fortune REIT is listed on the Main Board of both SEHK and Singapore Exchange Securities Trading Limited ("SGX-ST"), and HPH Trust is listed on the Main Board of SGX-ST. Mrs. Sng is also a member of the Audit Committee of CK Infrastructure, ARA Asset Management (Fortune) Limited and Hutchison Port Holdings Management Pte Limited.

    From 2004 to 2013, Mrs. Sng was Independent Non-executive Director and member of the Audit Committee of ARA Trust Management (Suntec) Limited, the manager of Suntec REIT which is listed on the Main Board of SGX-ST. Prior to her appointments with Singapore Technologies Pte Ltd, where she was Director of Special Projects (North East Asia) in 2000 and a Senior Consultant (International Business) of Singapore Technologies Electronics Limited from 2001 to 2013, Mrs. Sng was the Managing Director of CapitaLand Hong Kong Ltd for investment in Hong Kong and the region including Japan and Taiwan. In Hong Kong, Mrs. Sng was a Director of INFA Systems Ltd from 2007 to 2013, the Centre Director and then Regional Director of the Singapore Economic Development Board and Trade Development Board respectively from 1983 to 1997. She was Singapore's Trade Commissioner in Hong Kong from 1990 to 1997.

    Mrs. Sng, who holds a Bachelor of Arts degree from the Nanyang University of Singapore, has wide experience in various fields of industrial investment, business development, strategic and financial management, especially in property investment and management. In 1996, Mrs. Sng was conferred the title of PPA (P) - Pingat Pentadbiran Awam (Perak), the Singapore Public Administration Medal (Silver).

  • Mr. WONG Kwai Lam, aged 65, is an Independent Non-executive Director and a member of each of the Audit Committee and Designated (Finance) Committee of the REIT Manager. He is an Independent Non-executive Director and a member of each of the remuneration and appraisal committee and related-party transaction control committee of China Merchants Bank Co., Ltd., a company listed on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") and Shanghai Stock Exchange, and an Independent Non-executive Director and a member of each of the remuneration committee and nomination committee of K. Wah International Holdings Limited, a company listed on the Main Board of SEHK. Mr. Wong is also an Independent Non-executive Director and chairman of the audit committee of Langham Hospitality Investments Limited (a company which together with Langham Hospitality Investments listed on the Main Board of SEHK) and LHIL Manager Ltd, as trustee and manager of Langham Hospitality Investments, and a member of the remuneration committee and nomination committee of Langham Hospitality Investments Limited. Mr. Wong is currently the Chairman of IncitAdv Consultants Ltd., a director of Opera Hong Kong Limited, a member of the Board of Trustees and a member of the Investment Committee of the Board of Trustees of New Asia College of the Chinese University of Hong Kong, a member of the Investment Sub-Committee of the Chinese University of Hong Kong, a member of Hospital Governing Committee of the Prince of Wales Hospital, and a member of the Governing Board of CUHK Medical Centre (The Chinese University of Hong Kong). He was formerly a member of the Advisory Committee of the Securities and Futures Commission in Hong Kong, a member of the Real Estate Investment Trust (REIT) Committee of the Securities and Futures Commission in Hong Kong and a member of the China Committee of the Hong Kong Trade Development Council.

    Mr. Wong has over 33 years of experience in the commercial and investment banking industry. Mr. Wong worked with Merrill Lynch (Asia Pacific) Ltd. from May 1993 to August 2009 where he served as a Managing Director in the Asia investment banking division since January 1995. He was appointed as a Senior Client Advisor to Merrill Lynch (Asia Pacific) Ltd. in September 2009 and served in that position for one year. Prior to joining Merrill Lynch (Asia Pacific) Ltd., Mr. Wong had been a Director in the investment banking division of CS First Boston (Hong Kong) Ltd. and a Director and the head of primary market in Standard Chartered Asia Limited.

    Mr. Wong holds Bachelor of Arts degree from the Chinese University of Hong Kong and a Ph. D from Leicester University, England. He was conferred with honorary fellowship by the Chinese University of Hong Kong.

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