AA REIT appoints new non-excutive independent direct

Vivienne Zhaohui Yu’s appointment to the board takes effect on 1 February 2023.

AIMS APAC REIT (AA REIT) has appointed Vivienne Zhaohui Yu to the board as a non-executive independent director, effective on 1 February 2023.

In a statement, AA REIT said Yu will also be a member of both the Audit, Risk and Compliance, and the Nominating and Renumeration Committees.

Yu has over 20 years of leadership and managerial experience in the banking and financial sector across Australia and Asia, including investment management, treasury management, mergers and acquisitions, and real estate finance.

She also served as China CEO and executive general manager of the Commonwealth Bank of Australia. Before this, she was the Deputy CEO at the Bank of Hangzhou handling retail and business banking.

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Yu is currently a non-executive director in several Australian organisations such as the Australia China Business Council NSW, National Foundation for Australian Women, and Bridge Housing Limited.

“We are pleased to welcome Ms Yu as a Non-Executive Independent Director. Her proven leadership abilities, extensive experience in investments, banking and finance and strong credentials in China and Australia, will provide the board and management with invaluable commercial and governance perspectives. The appointment of Ms Yu also reflects our ongoing commitment to meaningfully enhance board diversity,” said George Wang, chairman of AA REIT’s manager.