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Change - Announcement Of Appointment Of Chief Executive Officer And Chief Investment Officer (Designate)
BackMar 19, 2024
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Mar 19, 2024 7:34 |
| Status | New |
| Announcement Sub Title | Appointment of Chief Executive Officer and Chief Investment Officer (Designate) |
| Announcement Reference | SG240319OTHR3DCA |
| 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 John Anthony Casasante will be appointed as Chief Executive Officer and Chief Investment Officer (Designate) of Manulife US Real Estate Management Pte. Ltd. ( "MUSREM") on 8 April 2024. Mr Casasante will take over as Chief Executive Officer and Chief Investment Officer of MUSREM on 30 June 2024, subject to the receipt of regulatory clearance. |
| Additional Details | |
| Date Of Appointment | 08/04/2024 |
| Name Of Person | John Anthony Casasante |
| Age | 55 |
| Country Of Principal Residence | United States of America |
| 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 Casasante s professional qualifications and past working experience, is satisfied that Mr Casasante has the requisite knowledge and experience to assume the duties and responsibilities as the Chief Executive Officer and Chief Investment Officer of the Manager. Mr Casasante's appointment is subject to regulatory approval as required under the Securities and Futures Act 2001 of Singapore. |
| Whether appointment is executive, and if so, the area of responsibility | The appointment is executive. Mr Casasante will work closely with the Board to determine the strategy for Manulife US REIT (MUST) as well as with other members of the management team to execute MUST's investment strategy, including leasing and asset management, identifying, researching and evaluating acquisitions and divestments plus generating sustainable investment performance for MUST. Mr Casasante will also be responsible for the overall day-to-day management and operations of MUST, working with the Manager s investment, asset management, financial and legal and compliance personnel in meeting the strategic, investment and operational objectives of MUST. |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer and Chief Investment Officer |
| Professional qualifications | Bachelor of Science degree in Business Administration, Entrepreneur Emphasis, University of Southern California |
| 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 | DWS (Formerly RREEF 2006 to present: - Regional Director, Real Estate Asset Management Alternatives and Real Estate Assets |
| 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) | Board Member and Mentor for NAIOP Young Professionals Group NAIOP SoCal Chapter |
| Present | Board of Counselors - USC Master of Business for Veterans (MBV), University of Southern California |
| (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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