Directors

The Directors of M&C REIT Management Limited and CDL Hospitality Business Trust, managers of CDL Hospitality Trusts have a depth and breadth of experience in fund, asset, hospitality and real estate management.

CHAN SOON HEE, ERIC
Chairman and Non-Executive Director

VINCENT YEO WEE ENG
Chief Executive Officer and Executive Director

RONALD SEAH LIM SIANG (1) (2)
Independent Non-Executive Director and Chairman of the Nominating and Remuneration Committees

FOO SAY MUI (BILL) (1) (2)
Lead Independent Director and Chairman of Audit and Risk Committees

KENNY KIM (2)
Independent Non-Executive Director

CHEAH SUI LING (1)
Independent Non-Executive Director

  • (1) Member of the Nominating and Remuneration Committees of the H-REIT Manager and the HBT Trustee-Manager.
  • (2) Member of the Audit and Risk Committees of the H-REIT Manager and the HBT Trustee-Manager.
CHAN SOON HEE, ERIC, 65

Mr Chan Soon Hee, Eric was appointed a Non-Independent, Non-Executive Director and the Chairman of the Board of Directors of the H-REIT Manager and the HBT Trustee-Manager on 22 June 2018.

Mr Chan is a founder and the Chief Executive Officer of Thoughts Advisory Pte. Ltd. which provides consultancy services to entrepreneurs to further develop their strategic and business plans. He has more than 35 years of experience working in a public accounting firm environment, serving as audit partner with KPMG LLP (KPMG) from 1989 to 2001, and subsequently as partner in charge of Transaction Services at KPMG until his retirement in September 2011.

Mr Chan was the Lead Independent Director, Chairman of the Audit and Risk, Remuneration and Board Sustainability Committees; and a member of the Board and Nominating Committees of City Developments Limited, a controlling shareholder of the H-REIT Manager and the HBT Trustee-Manager, until his resignation on 22 June 2018.

Mr Chan is a Fellow Chartered Accountant of Singapore, a Fellow of the Chartered Association of Certified Accountants and a Fellow of Certified Public Accountants Australia.

VINCENT YEO WEE ENG, 49

Mr Vincent Yeo Wee Eng was appointed an Executive Director on 17 May 2006 as well as the Chief Executive Officer on 19 July 2006 of the H-REIT Manager and the HBT Trustee-Manager.

Mr Yeo is responsible for working within the H-REIT Manager Board and the HBT Trustee-Manager Board to determine the overall business, investment and operational strategies for H-REIT and HBT. He also works with other members of the H-REIT Manager’s management team and the master lessees and managers of H-REIT’s hotel properties to ensure that the business, investment and operational strategies of H-REIT are carried out as planned. In addition, Mr Yeo is responsible for the overall management and planning of the strategic direction of H-REIT and HBT. This includes overseeing the acquisition of hospitality and hospitality-related assets and property management strategies for H-REIT, as well as the activities of HBT, which acts as master lessee of any of H-REIT’s hotel property or when it undertakes certain hospitality or hospitality-related development projects which may not be suitable for H-REIT. Mr Yeo also handles the asset management function relating to some of the hotels currently.

Prior to his appointment as the Chief Executive Officer of the H-REIT Manager and HBT Trustee-Manager, he was the President of Millennium & Copthorne International Limited, Asia Pacific from 2003 to July 2006, responsible for overseeing the hotel operations in Asia Pacific and the corporate office in Singapore. Prior to that, he held the position of Chief Operating Officer from 2001 to 2003. Mr Yeo served as Chief Executive Officer of City e-Solutions Limited until November 2008 and as an Executive Director until April 2009. He is currently a Non-Executive Director of CDL Investments New Zealand Limited.

Between 1998 and 2000, he was an Executive Director of M&C based in London overseeing global sales and marketing. Between 1993 and 1998, he was the Executive Director and then the Managing Director of Millennium & Copthorne Hotels New Zealand Limited where he developed and integrated the largest chain of hotels in New Zealand.

Since 1998, Mr Yeo has been a Non-Executive Director of Millennium & Copthorne Hotels New Zealand Limited until stepping down from the position on 31 December 2015.

Mr Yeo graduated Summa Cum Laude and the top of his faculty in 1988 from Boston University with a Bachelor of Science in Business Administration (Major in Finance).

RONALD SEAH LIM SIANG, 70

Mr Ronald Seah Lim Siang was appointed an Independent Non-Executive Director of the H-REIT Manager and HBT Trustee-Manager on 21 October 2013. He is currently the Chairman of the Nominating and Remuneration Committees and a member of the Audit and Risk Committees of the H-REIT Manager and the HBT Trustee-Manager. Mr Seah was previously the Chairman of the Risk Management Committees and a member of the Audit Committees of both the H-REIT Manager and the HBT Trustee-Manager until both committees were dissolved on 29 December 2015.

Mr Seah sits on the board of directors of other listed companies, namely, Yanlord Land Group Limited, Global Investments Limited, PGG Wrightson Limited and Telechoice International Limited. Mr Seah is also the Chairman of Nucleus Connect Private Ltd.

Over a 25-year period between 1980 and 2005, Mr Seah had held various senior positions within the AIG Group in Singapore, initially as AIA Singapore’s Vice-President and Chief Investment Officer managing the investment portfolio of AIA Singapore and later as AIG Global Investment Corporation (Singapore) Ltd’s Vice-President of Direct Investments. Between 2001 and 2005, Mr Seah was also the Chairman of the Board of AIG Global Investment Corporation (Singapore) Ltd. From 1978 to 1980, Mr Seah managed the investment portfolio of Post Office Savings Bank as Deputy Head of the Investment and Credit Department. Prior to that, he worked at Singapore Nomura Merchant Bank as an Assistant Manager with responsibilities covering the sale of bonds and securities and offshore (ACU) loan administration for the bank. Between 2002 and 2003, Mr Seah served on the panel of experts of the Commercial Affairs Department of Singapore.

Mr Seah graduated with a Bachelor of Arts and Social Sciences (Second Class Upper in Economics) from the then University of Singapore in 1975.

FOO SAY MUI (BILL), 60

Dr Foo Say Mui (Bill) was appointed an Independent Non-Executive Director of the H-REIT Manager and the HBT Trustee-Manager on 11 May 2016. He is the Lead Independent Director and the Chairman of the Audit and Risk Committees of the H-REIT Manager and the HBT Trustee-Manager and is also a member of the Nominating and Remuneration Committees of the H-REIT Manager and the HBT Trustee-Manager.

Dr Foo is currently a director and adviser to several listed and private companies including as a Director of Tung Lok Restaurants (2000) Ltd, Mewah International Inc., IC Power Pte. Ltd., Tower Capital Asia Pte. Ltd. and Unigestion Asia Pte. Ltd. as well as a Senior Adviser at Lazard Asia.

Dr Foo has over 30 years of experience in the financial services industry, having served as the CEO/General Manager of Australia & New Zealand Banking Group Ltd (ANZ) in Singapore for 12 years from 1999 to 2011 and thereafter as Vice Chairman, South and South East Asia for another 4 years, prior to his retirement from ANZ in 2015. Prior to that, he was the Regional Head of Investment Banking for Schroders Investment Bank and also served as the President Director of Schroders Indonesia for about 5 years. He had also served on the Council of the Association of Banks in Singapore for 9 years and was Deputy Chairman of the Singapore Investment Banking Association for about 3 years. Dr Foo was a Director on the Board of Academies Australasia Group Limited, an ASX-listed company until October 2016 and a Director of Unigestion Asia Pte. Ltd until his resignation on 31 December 2017. Dr Foo also stepped down as a Director in I.C. Power Asia Development Ltd and IC Power Ltd, companies incorporated in Singapore, in January 2018 and February 2018 respectively.

Dr Foo graduated from Concordia University with a Bachelor of Business Administration. He holds a Masters of Business Administration from McGill University and an honorary Doctorate of Commerce from James Cook University Australia, in honour of his contribution to education and the community. Presently, Dr Foo is the chairman of several community and charity organisations, including Salvation Army and Heartware Network (one of the largest youth organisations in Singapore).

KENNY KIM, 50

Mr Kenny Kim was appointed an Independent Non-Executive Director of the H-REIT Manager and the HBT Trustee-Manager on 25 January 2017. He is also a member of the Audit and Risk Committees of the H-REIT Manager and the HBT Trustee-Manager.

Mr Kim was the Senior Adviser and a member of the Executive Committee of RRJ Capital, one of the largest private equity funds in Asia which focuses on private equity investments in China and Southeast Asia, from October 2015 until his resignation in September 2017. At RRJ Capital, he was responsible for originating and executing deals as well as providing advice to fund financial transactions.

Mr Kim has worked in various senior positions in the financial services sector for more than 20 years, having served as the Chief Executive Officer, Strategy and Investments and Group Chief Financial Officer at CIMB Group Holdings Berhad, a financial institution listed on Bursa Malaysia, and the 5th largest banking group in South East Asia. He also acted as Adviser to the Group Chief Executive Officer at CIMB Group Holdings Berhad and its subsidiary, CIMB Group Sdn Bhd up to 30 September 2015. During his tenure with the CIMB Group, Mr Kim was awarded Best Chief Financial Officer in South East Asia and Best Chief Financial Officer in Malaysia in 2013, both awards given by Alpha Southeast Asia, an institutional investment publication focused on Southeast Asia.

Mr Kim graduated from the University of Lancaster, United Kingdom, with a Master of Science in Finance degree. He is also a fellow of the Association of Chartered Certified Accountants, UK, a member of the Institute of Chartered Accountants England & Wales, CF Faculty and a member of the Malaysian Institute of Accountants.

CHEAH SUI LING, 46

Ms Cheah Sui Ling was appointed an Independent Non-Executive Director of the H-REIT Manager and the HBT Trustee-Manager on 18 August 2017.

Ms Cheah is currently an Operating Partner with Wavemaker Partners, a venture capital firm based in Singapore and Los Angeles that focuses on technology company investments, a position which she took up in October 2016, where she is responsible for helping portfolio companies with business development, follow on financings and eventual exits. Apart from being a Director on the Boards of the H-REIT Manager and HBT Trustee-Manager, Ms Cheah is also an Independent Director and Chairman of the Audit Committee of Parkway Trust Management Limited, the manager of ParkwayLife REIT, listed on the Singapore Exchange.

Ms Cheah has over 20 years of international investment banking and corporate experience, having been a financial and strategic advisor to global and regional companies across multiple industries. Most recently she served as the Vice Chairman, Asia-Pacific of Avista Advisory Group, Singapore, a joint venture between Avista, an advisory firm based in Singapore/Mumbai and Houlihan Lokey, a US publicly-listed boutique investment bank. Prior to that, she spent more than 15 years on capital raising transactions and cross border mergers & acquisitions for corporate clients in the investment banking divisions at BNP Paribas, JPMorgan and Merrill Lynch.

Ms Cheah graduated Magna Cum Laude with a Bachelor of Arts in Economics and French from Wellesley College, Massachusetts in the US.

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