Ascendas Funds Management names Adrian Chan Pengee as director

He serves as vice chairman of the Singapore Institute of Directors and sits on the Corporate Governance and Regulations Committee of the Singapore International Chamber of Commerce.

Ascendas Funds Management announced the appointment of Adrian Chan Pengee as independent non-executive director effective 1 December 2014.

Mr Chan, 49, will also be a member of the Audit Committee and a member of the ORMC.

He is a senior partner at Lee & Lee and head of the Corporate Department of the firm. He joined Lee & Lee in 1989.

Mr Chan was appointed to the Audit Committee Guidance Committee, established by the Monetary Authority of Singapore, the Accounting and Corporate Regulatory Authority and the Singapore Exchange (SGX) to develop practical guidance for audit committees of SGX-listed companies and raise corporate governance standards. In addition, he has served on the Lemon Law Taskforce set up by the Ministry of Trade & Industry and CASE to make recommendations to the government on the scope and form of lemon laws in Singapore. He has also served on the Taxpayers Feedback Panel of the Inland Revenue of Singapore, according to an Ascendas Funds Management report.

He has been elected to and serves on the Executive Council of the Association of Small and Medium Enterprises as its Honorary Secretary. In addition, he has been appointed the Honorary Legal Advisor to the Singapore Institute of Engineering Technologists and the Singapore Optometrist Association.

Mr Chan is an independent director on the board of several publicly listed companies on the Singapore Stock Exchange.