BackJan 03, 2018
|Announcement Title||Change - Announcement of Cessation|
|Date & Time of Broadcast||Jan 3, 2018 9:08|
|Announcement Sub Title||Cessation of Chief Investment Officer|
|Submitted By (Co./ Ind. Name)||Jill Smith|
|Designation||Chief Executive Officer|
|Description (Please provide a detailed description of the event in the box below)||Cessation of Chief Investment Officer (CIO).
The Board of Directors and Management have identified a suitable and highly qualified individual to replace the outgoing CIO. The appointment of the new CIO will be made in due course.
DBS Bank Ltd. was the Sole Financial Adviser and Issue Manager for the initial public offering of Manulife US Real Estate Investment Trust (the Offering). DBS Bank Ltd., China International Capital Corporation (Singapore) Pte. Limited, Credit Suisse (Singapore) Limited and Deutsche Bank AG, Singapore Branch were the Joint Bookrunners and Underwriters for the Offering.
|Name Of Person||Jeffrey Charles Wolfe|
|Is effective date of cessation known?||Yes|
|If yes, please provide the date||17/01/2018|
|Detailed Reason (s) for cessation||To pursue other career opportunities within the Manulife Group.
|Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?||No|
|Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?||No|
|Any other relevant information to be provided to shareholders of the listed issuer?||No|
|Date of Appointment to current position||11/07/2015|
|Does the AC have a minimum of 3 members (taking into account this cessation)?||Yes|
|Number of Independent Directors currently resident in Singapore (taking into account this cessation)||4|
|Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months||1|
|Job Title (e.g. Lead ID, AC Chairman, AC Member etc.)||Chief Investment Officer|
|Role and responsibilities||Mr Jeffrey Charles Wolfe is responsible for executing the investment programme of the REIT together with inputs from the rest of the Management team. He also oversees the asset management, property management and acquisition teams in the U.S.for the REIT.|
|Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries||Nil|
|Shareholding interest in the listed issuer and its subsidiaries?||No|
|Past (for the last 5 years)||1. Hancock Capital Investment Management, LLC (AVP)
2. AZ/JH GP (IL) LLC
3. AZ/JH (DC) LLC