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Change - Announcement Of Appointment Of Chief Financial Officer (Designate)
BackMar 19, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 19, 2024 7:33 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Financial Officer (Designate) |
| Announcement Reference | SG240319OTHRWW5J |
| Submitted By (Co./ Ind. Name) | Ling Chui Shee |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Mr Mushtaque Muhammad Ali will be appointed as Chief Financial Officer (Designate) of Manulife US Real Estate Management Pte. Ltd. ("MUSREM") on 12 April 2024. Mr Mushtaque Muhammad Ali will take over as Chief Financial Officer of MUSREM on 30 June 2024. |
| Additional Details | |
| Date Of Appointment | 12/04/2024 |
| Name Of Person | Mushtaque Muhammad Ali |
| Age | 45 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Nominating and Remuneration Committee and Board, having considered Mr Mushtaque Ali's professional qualifications and past working experience, is satisfied that Mr Ali has the requisite knowledge and experience to assume the duties and responsibilities as the Chief Financial Officer. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive. Mr Ali will be responsible for finance, capital management, treasury and accounting operations for MUST. He is also responsible for managing the debt and capital market programmes. Mr Ali's appointment is subject to regulatory clearance by the Monetary Authority of Singapore as an appointed representative of the Manager under the Securities and Futures Act 2001. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Financial Officer |
| Professional qualifications | Master of Finance, Rotman School of Management, University of Toronto Associate Member, Institute of Singapore Chartered Accountants Associate Member, Institute of Chartered Accountants of Ontario (CPA, CA) Fellow Member, Institute of Chartered Accountants of England & Wales (ACA) |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil. |
| Conflict of interests (including any competing business) | Nil. |
| Working experience and occupation(s) during the past 10 years | Manulife Global Wealth and Asset Management March 2022 to present - Head of Finance, Wealth & Asset Management (WAM) Singapore & Southeast Asia, Manulife Investment Management, Private Markets June 2018 to February 2022 - Head of Private Assets Financial Reporting & Advisory March 2017 to May 2018 - Managing Director, Fund and Asset Management Finance May 2014 to February 2017 - Director, Financial Analysis & Advisory, Manulife Asset Management RETROCOM REIT April 2013 to May 2014 - Accounting Manager |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | Manulife MPEP Funds GP (Canada) Corp. 300 Front 4013 Inc. (an Ontario Corporation) 3409 Ridgeway Corp. (an Ontario Corporation) MSLS Inc. (an Ontario Corporation) Yonge Investment Holdings Corp. (an Ontario Corporation) |
| Present | Nil |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment 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, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) 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 has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment 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, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation 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 entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment 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, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (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 |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | N.A. |
| Please provide details of relevant experience and the nominating committee's reasons for not requiring the director to undergo training as prescribed by the Exchange (if applicable) | N.A. |
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