Ascendas India Trust names Jayanti Sari Jong as Acting CFO

She will assume the post after Mr Tng, the current CFO, has submitted his resignation.

The Board of Ascendas Indiua Trust announced the appointment of Jayanti Sari Jong as Acting Chief Financial Officer effective 31 January 2013.

Ms Jong, 46, is Vice President of Corporate Finance for the Ascendas Group of Companies ("Ascendas Group"). She will assume the position of Acting Chief Financial Officer ("CFO") of Ascendas Property Fund Trustee Pte. Ltd. ("APFT"), the Trustee-Manager of Ascendas India Trust ("a-iTrust"), as Mr Tng, the current CFO has submitted his resignation.

Ms Jong will assume the said position until a permanent appointment is made. As CFO, Ms Jong will oversee the financial operations of a-iTrust and APFT. This includes financial reporting and compliance, financial management, corporate finance and treasury management.

Prior to joining Ascendas in February 2007, Ms Jong was the Finance Director of Baramulti Group, an Indonesian coal mining company. She has extensive finance and treasury experience as Group Financial Controller In Philips Indonesia. Prior to that, she was the Fund Manager of Mashill Asset Management (Joint Venture Company between ING Investment Bank and Mashill Bank, Indonesia), where she was responsible for managing the mutual funds investing in stocks, bonds, and money market instruments, acording to a Ascendas India Trust report.