Management Team

The Board of Directors is supported by a management team who has expertise in finance, asset management, mergers and acquisitions and hospitality.

VINCENT YEO WEE ENG
Chief Executive Officer

Mr Vincent Yeo Wee Eng was appointed an Executive Director on 17 May 2006 as well as the Chief Executive Officer on 19 July 2006 of the H-REIT Manager and the HBT Trustee-Manager.

Mr Yeo 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 and hospitality-related assets and property management strategies for H-REIT, as well as the activities of HBT, which acts as master lessee of any of H-REIT's hotel property or when it undertakes certain hospitality or hospitality-related development projects which may not be suitable for H-REIT. 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. He is currently a Non-Executive Director of CDL Investments New Zealand Limited.

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.

Since 1998, Mr Yeo has been a Non-Executive Director of Millennium & Copthorne Hotels New Zealand Limited until stepping down from the position on 31 December 2015.

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).

ANNIE GAN
Chief Financial Officer

Ms Gan is responsible for CDLHT's financial and capital management functions. She oversees all matters involving finance and accounting, treasury, taxation, compliance and fund management, ensuring the alignment with CDLHT's investment strategy while focusing on optimising revenue and investment returns.

Ms Gan has more than 29 years of diverse experience in financial management, treasury, mergers and acquisitions, taxation and corporate advisory as well as in-depth knowledge of the hospitality, property development and property investment industries. Prior to joining the H-REIT Manager and the HBT Trustee-Manager, Ms Gan was the Group Financial Controller of the public-listed company, Orchard Parade Holdings Limited ("OPHL"), a subsidiary of Far East Organisation Pte Ltd. She also served as a Director of all the subsidiaries of OPHL, primarily responsible for the stewardship of the subsidiaries' affairs and advising on new investment opportunities.

Ms Gan was also previously with PricewaterhouseCoopers, Singapore as Senior Audit Manager, where she was responsible for due diligence and acquisition audits, profit forecast reviews and the statutory audits of several public- listed companies and large multinational corporations.

Ms Gan is a Chartered Accountant with the Institute of Singapore Chartered Accountants and a Fellow of Certified Public Accountants of Australia and holds a Bachelor of Commerce from The Australian National University.

DAVID LING
Head, Strategic Development

Mr Ling is responsible for origination of strategic investment opportunities from the regional and international markets for H-REIT. His role includes identifying and securing value propositions, covering both single assets and portfolios, with the objective of growing the long term income and capital value of H-REIT investment holdings. His role is also to expand the network of hospitality relationships for H-REIT to gain access to greater deal flow.

Mr Ling has 28 years of diverse hospitality and real estate experience in markets across Asia Pacific and Europe, and established relationships with major institutional and private investment houses, brokerage firms and financial institutions. His passion and entrepreneurial spirit drove him to establish and manage four new offices of HVS Hospitality Services in Asia Pacific between 2004 and 2014 as its Chairman and Managing Director, as well as pioneered and chaired the largest and most influential hotel investment conference in mainland China - the annual China Hotel Investment Conference.

Mr Ling speaks regularly at international conferences and lectures at universities and industry seminars. He served on the international board of HVS from 2005 to 2013 and the Hotel Licensing Board of Singapore from 2011 to 2014.

Graduated with a Master in Urban Land Appraisal from University of Reading, United Kingdom, and a Bachelor of Business (Distinction) in Valuation and Land Economy from Curtin University in Australia, Mr Ling is a member of the Australian Property Institute, Singapore Institute of Surveyors and Valuers and a Licensed Appraiser registered with the Inland Revenue Authority of Singapore.

PAUL KITAMURA
Head, Asset Management

Mr Kitamura is responsible for CDLHT's asset management function which involves performance monitoring and value enhancement initiatives across the portfolio.

Mr Kitamura has 30 years of experience in hospitality and previously served as Senior Vice President of asset management for GIC Real Estate when he was responsible for the fund's Asia-Pacific hospitality portfolio comprising assets such as the Westin Tokyo, Shangri-La Sydney and Park Hyatt Melbourne, a portfolio of Oakwood serviced apartments in Japan and a retail portfolio in Australia. During the 2008/09 global downturn, he successfully drove cost efficiency initiatives and led the re-branding of the 1,053-room Hilton Fukuoka.

His hotel management experience includes leading IHG's efforts in Japan as country head from 2002-2008, securing exclusivity with ANA Airlines to form a JV partnership for a 50-property chain in Japan. During this period, deal flow increased 200% including signing of the 600-room Crowne Plaza Kobe and successful extension of the group's presence in Tokyo, Yokohama, Kyoto and Nagasaki. Operationally, he led IHG's business in Japan through a brand portfolio covering 10 cities including Tokyo, Yokohama and Kyoto.

Mr Kitamura also held senior Asia Pacific brand management and marketing positions within IHG in Hong Kong and Singapore. He started his career with Mandarin Oriental Hotel Group where he spent 10 years in a variety of sales & marketing roles at the property, regional and corporate levels.

Mr Kitamura holds a Master of Business Administration from the University of Chicago Booth Graduate School of Business and a Bachelor of Science degree in Hotel Administration from Cornell University.

MANDY KOO
Vice President, Investments & Investor Relations

Ms Koo is responsible for sourcing, evaluating, conducting due diligence, structuring and executing potential acquisitions with a view to enhance CDLHT's investment portfolio. She is also responsible for maintaining relations with the investment and research community, as well as providing support in capital raising and corporate finance activities. Ms Koo is also Assistant to the CEO and supports the CEO in strategising and implementing various corporate initiatives.

Ms Koo was previously with Standard Chartered Bank where she worked in the Corporate Advisory & Finance team that was responsible for the execution of merger and acquisition and equity corporate finance deals in Southeast Asia. Prior to her investment banking stint, she was with YTL Pacific Star REIT Management Limited, primarily involved in investments and asset management. Before this, Ms Koo was with the H-REIT Manager where her core responsibilities were investments and investor relations. She started her career in Singapore Exchange Limited where she was with the issuer regulation function and was responsible for reviewing applications for initial public offerings, fund raising and corporate actions of listed companies.

Ms Koo holds both the Chartered Financial Analyst and Chartered Alternative Investment Analyst designations. She graduated Summa Cum Laude from Singapore Management University with a Bachelor of Business Management (Major in Finance) and a Bachelor of Accountancy.

JEREMY TEO
Vice President, Legal

Mr Teo is responsible for providing legal support and advising, managing and overseeing legal matters relating to investments of CDLHT (including cross-border real estate transactions) and other legal, commercial and corporate work.

Mr Teo has more than 14 years of legal experience gained from private practice and corporate in-house roles. He was previously with the Singapore Power group, the CapitaLand group, WongPartnership LLP and Allen & Gledhill LLP.

Mr Teo graduated from National University of Singapore in 2002 and was admitted as an Advocate and Solicitor in Singapore in 2003.

ELSON LOCK
Senior Manager, Finance

Mr Lock assists the Chief Financial Officer in the financial management and accounting functions of CDLHT including statutory reporting, compliance, corporate finance, treasury and taxation matters.

Mr Lock has more than 12 years of experience in accounting, auditing and finance functions in various industries. Prior to joining the H-REIT Manager, Mr Lock was with Croesus Retail Asset Management Pte Ltd, the trustee-manager of Croesus Retail Trust, where he was responsible for statutory reporting, taxation, corporate finance and treasury. Mr Lock was part of the project team of acquisitions and fund raisings, the internalisation of the trustee-manager and the privatisation of Croesus Retail Trust.

Mr Lock holds a Master of Science in Professional Accountancy from University of London. He is also a Chartered Accountant of the Institute of Singapore Chartered Accountants and a member of the Association of Chartered Certified Accountants.

XIE ZHIPENG
Compliance Manager

Mr. Xie assists the Audit and Risk Committee in overseeing and managing the enterprise risk and the compliance program for CDLHT, H-REIT Manager and HBT Trustee-Manager. His main responsibilities are to ensure the risks taken are carefully evaluated and that CDLHT, the H-REIT Manager and HBT Trustee-Manager complies with trust deeds, relevant regulatory requirements and applicable provisions under the Code on Collective Investment Schemes, Securities and Futures Act, the Capital Market Services License Conditions, SGX Rules and the Property Funds Appendix.

Mr. Xie has more than 7 years of experience and has held various roles in risk and compliance management overseeing a variety of areas, including regulatory review, enterprise risk assessment, technology risk management, anti-money laundering and conducting risk and compliance meetings.

Prior to joining H-REIT Manager, Mr. Xie was previously with Keppel Capital where he was the Compliance Officer overseeing risk and compliance matters for Keppel DC REIT, Keppel-KBS US REIT and the two REIT Managers.

Mr. Xie holds a Bachelor of Science in Banking and Finance from the University of London.

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