The Managers
Directors
The Directors of M&C REIT Management Limited and M&C Business Trust Management Limited, as 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, Independent Non-Executive Director
VINCENT YEO WEE ENG
Chief Executive Officer and Executive Director
FOO SAY MUI (BILL)
Lead Independent Non-Executive Director
KENNY KIM
Independent Non-Executive Director
CHEAH SUI LING
Independent Non-Executive Director
KWEK EIK SHENG
Non-Independent Non-Executive Director
Chairman, Independent Non-Executive Director
Date of first appointment as Director: 22 June 2018
Date of appointment as Chairman: 22 June 2018
Board committees:
- Nominating and Remuneration Committees (Chairman)
Present directorships in other listed companies and principal commitments:
- Thoughts Advisory Pte. Ltd. (Founder and Chief Executive Officer)
Past directorships in other listed companies and principal commitments held in the preceding five years:
- City Developments Limited (Lead Independent Director; Chairman of Audit and Risk, Remuneration and Board Sustainability Committees; and member of Board and Nominating Committees)
Mr Chan Soon Hee, Eric 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 is a Fellow Chartered Accountant of Singapore, a Fellow of the Association of Chartered Certified Accountants, a Fellow of Certified Public Accountants Australia and a Chartered Valuer & Appraiser.
Chief Executive Officer
Executive Director
Date of first appointment as Director: 17 May 2006
Date of appointment as Chief Executive officer: 19 July 2006
Board committees:
- Nil
Present directorships in other listed companies and principal commitments:
- CDL Investments New Zealand Limited (Non-Executive Director)
Past directorships in other listed companies and principal commitments held in the preceding five years:
- Nil
Mr Vincent Yeo Wee Eng 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, hospitality-related and other accommodation and/or lodging assets and property management strategies for H-REIT, as well as the activities of HBT, which acts as master lessee of any of H-REITs hotel property or when it undertakes certain hospitality, hospitality-related and other accommodation and/or lodging development projects. 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.
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.
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).
Lead Independent Non-Executive Director
Date of first appointment as Director: 11 May 2016
Date of appointment as Lead Independent Director: 26 April 2017
Board committees:
- Audit and Risk Committees (Chairman)
- Nominating and Remuneration Committees (Member)
Present directorships in other listed companies and principal commitments:
- Kenon Holdings Ltd. (Non-Executive Director)
- Mewah International Inc. (Lead Independent Director)
- Tung Lok Restaurants (2000) Ltd (Chairman)
- Tower Capital Asia Pte. Ltd.
- Business Circle Singapore Pte. Ltd.
Past directorships in other listed companies and principal commitments held in the preceding five years:
- I.C. Power Asia Development Ltd (Non-Executive Director)
- IC Power Ltd (Non-Executive Director)
Dr Foo Say Mui (Bill) 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 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.
Independent Non-Executive Director
Date of first appointment as Director: 25 January 2017
Board committees:
- Audit and Risk Committees (Member)
Present directorships in other listed companies and principal commitments:
- Pelikan International Corporation Berhad (Non-Executive Director)
- Ikhlas Capital Singapore Pte. Ltd. (Founding Partner and Chief Executive Officer)
Past directorships in other listed companies and principal commitments held in the preceding five years:
- Nil
Mr Kenny Kim is a founding partner and currently, the Chief Executive Officer of Ikhlas Capital Singapore Pte. Ltd., an ASEAN private equity fund manager headquartered in Singapore and has on-ground presence in Kuala Lumpur, Jakarta and Manila. He 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.
Independent Non-Executive Director
Date of first appointment as Director: 18 August 2017
Board committees:
- Audit and Risk Committees (Member)
- Nominating and Remuneration Committees (Member)
Present directorships in other listed companies and principal commitments:
- Parkway Trust Management Limited, as Manager of Parkway Life REIT (Independent Director and Chairman of Audit Committee)
- TeleChoice International Limited (Independent Director)
- Pathology Asia Holdings Pte. Ltd. (Independent Director and Chair of Audit Committee)
- ecoSPIRITS Pte. Ltd. (Executive Board Chair)
- Wavemaker Partners (Operating Partner)
Past directorships in other listed companies and principal commitments held in the preceding five years:
- Nil
Ms Cheah Sui Ling is currently an Operating Partner with Wavemaker Partners, a venture capital firm based in Singapore and Los Angeles that focuses on technology company investments, where she is responsible for helping portfolio companies with business development, follow on financings and eventual exits.
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 of her career was spent across Singapore, Paris, Hong Kong, London and New York focusing on capital raising transactions and cross border mergers and acquisitions for corporate clients. Between 2010 to 2013 she was Co-Head of Corporate Finance for South East Asia at BNP Paribas. Prior to that, she was a senior coverage banker for Singapore in the investment banking division of JP Morgan. She started out her career at Merrill Lynch Investment Banking.
Ms Cheah graduated Magna Cum Laude with a Bachelor of Arts in Economics and French from Wellesley College, Massachusetts in the US.
Non-Independent Non-Executive Director
Date of first appointment as Director: 20 October 2022
Board committees:
- Nil
Present directorships in other listed companies and principal commitments:
- Millennium & Copthorne Hotels New Zealand Limited (Non-Executive Director)
- CDL Investments New Zealand Limited (Non-Executive Director)
- Grand Plaza Hotel Corporation (Non-Executive Chairman)
- City Developments Limited (Group Chief Operating Officer)
- Millennium & Copthorne Hotels Limited (Executive Director)
Past directorships in other listed companies and principal commitments held in the preceding five years:
- Nil
Mr Kwek Eik Sheng is currently the Group Chief Operating Officer of City Developments Limited (CDL). Mr Kwek joined CDL in 2009, covering Business Development for overseas projects before being appointed as Head of Corporate Development. In 2014, he assumed his role as Chief Strategy Officer and undertook an added portfolio as Head of Asset Management in April 2016.
Prior to joining CDL, he was with the Hong Leong Group of companies in Singapore, specialising in corporate finance roles from 2006 to 2008.
Mr Kwek was appointed an Executive Director of CDL's principal subsidiary, Millennium & Copthorne Hotels Limited (M&C), previously listed on London Stock Exchange under the name "Millennium & Copthorne Hotels plc" in November 2019, having previously been appointed a Non-Executive Director of M&C from April 2008 to October 2019.
Mr Kwek holds a Bachelor of Engineering in Electrical and Electronics Engineering from Imperial College of Science, Technology and Medicine of University of London, UK and a Master of Philosophy in Finance from Judge Business School of University of Cambridge, UK.
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