K-REIT Asia Management appoints three new independent directors

The appointments took effect on April 9.

In a release, K-REIT Asia Management Limited the Manager of KREIT-ASIA announced that it has appointed three new independent directors-Mr Daniel Chan, Mr Lee Chiang Huat and Mr Lor Bak Liang as part of its efforts to further strengthen its board.

Mr Daniel Chan, 60, is the founder and Managing Director of DCG Capital Pte. Ltd., an exempt fund manager under the Monetary Authority of Singapore. With more than 30 years of experience in the financial industry, he has served as Chief Investment Officer at UOB Asset Management from 1986 to 2004 and Lion Global Investors from 2005 to 2009. Mr Chan was conferred the distinguished "Financial Industry Certified Professional" award by the Institute of Banking & Finance in 2009.

Mr Lee Chiang Huat, 62, was previously the Chief Financial Officer (CFO) of NOR Offshore Ltd, a Singapore-based company which provides a range of marine support services to the offshore industries. Prior to that, Mr Lee held several senior positions and directorships with Singapore Petroleum Company before he retired as Senior Vice President and CFO in March 2010.

Mr Lor Bak Liang, 55, was with GIC Real Estate Pte Ltd for 14 years where he was Executive Vice President and Head of Asset Management (Asia). He was also a member of the Management Committee, overseeing operational matters of the Company, as well as in the Investment Review Committee.

Dr Tsui Kai Chong, Chairman of K-REIT Asia, said, "We are privileged to have Daniel, Chiang Huat and Bak Liang join our Board. Their wealth of experience in the areas of finance, investment, as well as asset and fund management will contribute further to K-REIT Asia's strategic growth."

The Board of KRAM currently has nine directors, five of which are independent.