Manager of Parkway Life REIT

Management Team

Information on the working experience of the Management Team of the Manager is set out below:

The Management Team comprises:

  • MR. YONG YEAN CHAU, Chief Executive Officer and Executive Director
  • MR. LOO HOCK LEONG, Chief Financial Officer
  • MR. TAN SEAK SZE, Chief Investment Officer
  • MS. TEO CHIN PING, Vice President (Head, Projects)
  • MS. PATRICIA NG, Vice President (Head, Finance)
  • MR. WAYNE LEE, Vice President (Head, Investment)
  • MS. ANNIE CHEN, Vice President (Head, Corporate Finance)
  • MS. NICOLE CHUA, Vice President (Head, Legal & Compliance/ Strategic Human Resource Management)
  • MS. TAN LING CHER, Vice President (Head, Asset Management)
  • MR. SHAWN YAP, Vice President (Head, Special Projects (Asset Management))
  • MS. TAN ZHI LEI, Senior Manager (Head, Financial Accounting)

MR. YONG YEAN CHAU

Chief Executive Officer and Executive Director
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WORK EXPERIENCE

Mr. Yong is the CEO and Executive Director of Parkway Trust Management Limited, the Manager of PLife REIT.

Since its initial public offering in 2007, Mr. Yong has led the REIT to more than double its asset portfolio value. He was instrumental in ensuring that the REIT consistently delivers value to Unitholders, with Distributions Per Unit growing 133.7% since its IPO and the inclusion of PLife REIT in major indexes further affirming its strong position as one of the largest listed healthcare REITs in Asia.

In 2023, PLife REIT clinched the prestigious Singapore Corporate Sustainability Award 2023 [REITs & Business Trusts Category] at the SIAS Investors’ Choice Awards Presentation Ceremony which is supported by the Singapore Exchange and endorsed by esteemed industry organisations and institutions.

The award recognises the REIT’s comprehensive performance in environmental, social, and governance (ESG) aspects of sustainability disclosures and reporting, reflecting its holistic approach towards sustainability. Importantly, the award validates and recognises the REIT’s risk approach to ESG that has led to PLife REIT’s strong market positioning to enhance Unitholder value and transparency in assuring Unitholders of the long-term financial viability and strengths of the Group.

Mr. Yong’s deep expertise in finance and corporate strategy is attributed to his prior work experience as the CFO of the Singapore Tourism Board, overseeing its finance and corporate services functions. Prior to that, he was the CFO of Ascendas Pte Ltd (Ascendas). During his tenure with Ascendas, he was seconded to China-Singapore Suzhou Development Ltd and Singapore-Suzhou Township Development Pte Ltd as their CFO in Suzhou, China. Before joining Ascendas, Mr. Yong held other finance and audit positions at Beijing ISS International School, Housing and Development Board and Arthur Andersen.

ACADEMIC AND PROFESSIONAL QUALIFICATIONS

  • B.ACC (Hons), Fellow Chartered Accountant of Singapore
  • Advanced Management Programme with Harvard Business School

PRESENT DIRECTORSHIPS OR CHAIRMANSHIP IN LISTED COMPANIES & MAJOR APPOINTMENTS

  • Independent Director and Audit & Risk Committee Chairman of China-Singapore Suzhou Industrial Park Development Group Co., Ltd

PAST DIRECTORSHIPS OR CHAIRMANSHIP IN LISTED COMPANIES & MAJOR APPOINTMENTS HELD OVER THE PRECEDING 3 YEARS

  • Nil

MR. LOO HOCK LEONG

Chief Financial Officer
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Mr. Loo has 30 years of extensive banking and corporate experience. He currently serves as the Chief Financial Officer and Head of Corporate Services and Investor Relations at Parkway Trust Management Limited, the manager of PLife REIT.

He was previously the Senior Vice President, Corporate Advisory of Global Financial Markets, with DBS Bank Ltd., where he provided advisory services on corporate treasury management to large companies in areas of corporate finance and mergers & acquisitions. He has extensive experience in financial structuring of interest rate and foreign exchange risk management solutions for these clients.

Mr. Loo graduated from the National University of Singapore with a Bachelor of Electrical Engineering (Honours) degree in 1995. In 2000, he obtained a Master of Applied Finance from the Macquarie University with three distinguished awards: Best Overall Performance, Best in Derivatives Valuation and Best in Legal & Tax Risk in Finance. He completed the Advanced Management Programme with Harvard Business School in 2022 and possesses a professional qualification in accounting from ISCA and is a Chartered Accountant with ISCA. He holds the accreditation of Senior Accredited Director by Singapore Institute of Directors (‘SID’) and is also a GRI Certified Sustainability Professional.

MR. TAN SEAK SZE

Chief Investment Officer
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Mr. Tan has more than three decades of work experience mainly in the real estate industry. Currently serving as the Chief Investment Officer, Mr. Tan oversees the investment, asset management and project management functions of the Manager.

Prior to joining the Manager in June 2009, he was the Vice President, Investment of CapitaLand Group overseeing the investment activities of CapitaLand’s retail business unit in India. Before this appointment, he worked for two years in the Philippines as the Chief Operating Officer of a business process outsourcing firm. In 2004, he was seconded by Ascendas Pte Ltd to the position of Chief Executive Officer of L&T InfocityAscendas Ltd, a developer company of IT complexes in Hyderabad, India. He held various finance and corporate finance positions within the Ascendas Group between 2001 and 2003.

Mr. Tan was with JTC International Pte Ltd from 1994 to 2000 where he held various business development, investment and planning positions. After graduation, Mr. Tan worked as a loan officer with the Corporate Banking Department (Real Estate Division) of DBS Bank from 1991 to 1994.

Mr. Tan holds a Master of Business Administration with High Honours from the University of Chicago, Graduate School of Business and a Bachelor of Arts with Honours in Accounting and Law from the University of Kent at Canterbury, United Kingdom.

MS. TEO CHIN PING

Vice President (Head, Projects)
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Ms. Teo has 28 years of extensive experience in architecture design, master planning, project and construction management of projects in Singapore and overseas.

She was previously a Project Manager with Thomson International Health Services Pte Ltd (subsidiary of Thomson Medical Center), Singapore General Hospital and PMLink Pte Ltd. Prior to that, she also worked as a senior architect on a variety of projects with ACP Construction Pte Ltd, ST Architects and Engineers Ptd Ltd. She has extensive experience in design, project management as well as construction management of greenfield and brownfield projects in the health care, residential, education, commercial, industrial and warehouse sectors both in Singapore and Overseas.

Ms. Teo graduated from University of Tasmania, Australia, in 1995 with a Bachelor of Architecture and Bachelor of Environmental Design. She was also awarded the Board of Architects Prize by the Singapore Board of Architects in conjunction with her Diploma in Architectural Technology. She is a Qualified Architect with the Board of Architects, Singapore.

MS. PATRICIA NG

Vice President (Head, Finance)
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Ms. Ng brings with her more than two decades of accounting and finance experience in several public listed companies.

Prior to her appointment with the Manager, Ms. Ng has worked in Serial Microelectronics Pte Ltd (a wholly owned subsidiary of Serial System Limited), Raffles Medical Group, Stratech Systems Limited and Watsons Personal Care Stores Pte Ltd. Her experience encompasses financial and management reporting, consolidation, taxation, cash management, budgeting, compliance and risk management functions.

Ms. Ng graduated with the professional qualification from the Association of Chartered Certified Accountants. She is an ASEAN Chartered Professional Accountant and a Chartered Accountant with ISCA. She also holds an Executive Master of Business Administration from The University of Hull Business School, United Kingdom.

MR. WAYNE LEE

Vice President (Head, Investment)
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Mr. Lee has 20 years of experience in the real estate and REIT sectors, focusing on business development, valuation, fund management, investment and asset management.

Prior to his appointment with the Manager, he was with Ascendas Property Fund Trustee, the trustee-manager of Ascendas India Trust. His responsibilities included portfolio management, financial modelling, feasibility and due diligence assessment of investment opportunities. He was also involved in the acquisition of aVance Business Hub in Hyderabad and the asset refurbishment of Tech Park Mall in Bangalore.

From 2002 to 2007, he was a Business Development Executive at Wing Tai Holdings Limited and Senior Valuer at Chesterton International Property Consultants Pte Ltd.

Mr. Lee holds a Master of Science (Real Estate) from National University of Singapore and a Bachelor’s in Business majoring in Property from University of South Australia. He is also a registered licensed appraiser and member of the Singapore Institute of Surveyor and Valuer.

MS. ANNIE CHEN

Vice President (Head, Corporate Finance)
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Ms. Chen brings with her more than 19 years of accounting experience, with about 14 years in corporate finance and treasury. She oversees the corporate finance function and is instrumental in securing the necessary banks and capital market financing to support the growth of the REIT. She also drives the financial risks management and treasury strategies, in ensuring that the REIT maintains a strong financial position.

Prior to joining the Manager, she was with the Singapore Tourism Board’s Finance and Information department.

Ms. Chen graduated with a professional qualification from Association of Chartered Certified Accountants and is a Chartered Accountant with ISCA. She also holds a Bachelor of Science (Applied Accounting) from Oxford Brookes University of United Kingdom as well as a Bachelor of Commerce (IT) from Curtin University of Technology of Australia.

MS. NICOLE CHUA

Vice President (Head, Legal & Compliance/ Strategic Human Resource Management)
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Ms. Chua is responsible for legal and compliance matters of the Manager and PLife REIT, as well as matters in relation to strategic human resource management in the area of director and senior management succession planning, corporate and business performance measurement and directors’ remuneration review. She has more than 18 years of combined experience as practising lawyer and in-house legal counsel of Singapore listed real estate investment trusts. Before joining the Manager, she was a practising lawyer in the corporate banking and finance practice group at Messrs Zul Rafique & Partners in Kuala Lumpur, Malaysia.

Ms. Chua holds a Bachelor of Law (Honours) degree from Cardiff University of Wales, United Kingdom, and was admitted as an advocate and solicitor of the High Court of Malaya. She also holds a HR Graduate Certification from Singapore Management University.

MS. TAN LING CHER

Vice President (Head, Asset Management)
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Ms. Tan has more than 20 years of experience in the real estate and financial services industries. Her experience includes real estate investment, asset management, marketing and real estate trust management.

Prior to her appointment with the Manager, Ms. Tan was the Head, Asset Management with Keppel DC REIT Management Pte. Ltd. where she was responsible for formulating asset strategies and enhancing asset performances. Preceding that, she was with HSBC Institutional Trust Services (Singapore) Limited, leading the REIT trustee servicing team. Before that, she was with the Mapletree Group involved in investment and asset management activities focusing on industrial properties across Asia.

Ms. Tan holds a Bachelor of Science (Real Estate), Second Class Honours (Upper Division) from the National University of Singapore. She is also a Chartered Financial Analyst charterholder since 2004.

MR. SHAWN YAP

Vice President (Head, Special Projects (Asset Management))
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Mr. Yap has 20 years of experience in the real estate sector, mainly in real estate asset management, marketing and leasing.

Prior to his appointment at Parkway Trust Management Limited, he was an Asset Manager with CapitaLand Limited. His responsibilities included managing commercial and industrial assets, monitoring and evaluating financial performance of assets, developing and implementing of asset management strategies as well as conducting studies to maximise asset yields. He was also involved in the divestment of CapitaLand’s commercial assets, mainly Temasek Tower, Hitachi Tower and Chevron House.

From 2002 to 2004, he was with Singapore Land Authority where he gained considerable experience in marketing, managing and leasing of state properties. He was also involved in the formulation of policy papers.

Mr. Yap graduated from National University of Singapore in 2001 with a Bachelor of Business Administration (Honours) degree, majoring in Finance.

MS. TAN ZHI LEI

Senior Manager (Head, Financial Accounting)
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Ms. Tan has over 13 years of accounting and finance experience which includes auditing, consolidation, financial and management reporting. She oversees the financial and management reporting function of the REIT encompassing areas of consolidation, taxation, budgeting, internal controls and risk management.

Throughout her career, she has held positions in several public listed companies, including her appointment with Mapletree North Asia Commercial Trust Management Ltd prior to joining the Manager.

Ms. Tan holds a Bachelor of Accountancy from Nanyang Technological University and is a Chartered Accountant with ISCA.