Change - Announcement Of Appointment Of Independent Director - Mr Sandip Talukdar
BackJul 14, 2020
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Jul 14, 2020 20:34 |
| Status | New |
| Announcement Sub Title | Appointment of Independent Director - Mr Sandip Talukdar |
| Announcement Reference | SG200714OTHRV4H5 |
| Submitted By (Co./ Ind. Name) | Liew Chee Seng James |
| Designation | Executive Director and CEO, LMIRT Management Ltd (as manager of Lippo Malls Indonesia Retail Trust) |
| Description (Please provide a detailed description of the event in the box below) | Appointment of Independent of Director - Mr Sandip Talukdar |
| Additional Details | |
| Date Of Appointment | 15/07/2020 |
| Name Of Person | Sandip Talukdar |
| Age | 48 |
| Country Of Principal Residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | The Board, having considered the recommendation from Nominating and Remuneration Committee, has approved the appointment of Mr Sandip Talukdar as a new Independent Director with effect from 15 July 2020. With his experience from his previous employment as Chief Financial Officer of the manager of Prime US Reit (listed in Singapore) and his corporate finance and advisory positions with Standard Chartered Bank, Credit Suisse, Dresdner Kleinwort Wassertein and Merrill Lynch, Mr Sandip Talukdar has extensive expertise in corporate finance and equity, debt and merger and acquisition transactions in the Southeast Asian region. With his proven track record, experience and expertise that will complement with the existing skill sets of the board members of the Company, the Board believes that Mr Talukdar will be able to effectively assume the role as Independent Director of LMIRT Management Ltd., as Manager of Lippo Malls Indonesia Retail Trust. |
| Whether appointment is executive, and if so, the area of responsibility | No |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Audit and Risk Committee Member and Nominating and Remuneration Committee Member with effect on 31 July 2020 |
| Professional qualifications | Mr Talukdar has a Master of Business Administration (graduated Palmer Scholar) from The Wharton School, University of Pennsylvania, and a Bachelor of Business Administration (with distinction) from the University of Michigan. |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries | Nil |
| Conflict of interests (including any competing business) | Nil |
| Working experience and occupation(s) during the past 10 years | 1. KBS US Prime Property Management Pte Ltd, Singapore August 2018 to February 2020 Chief Financial Officer 2. Standard Chartered Bank, Singapore April 2010 to December 2015 Managing Director, Head of South East Asia Equity Corporate Finance 3. Standard Chartered Bank, Singapore May 2009 to March 2010 Director, South East Asia Corporate Finance 4. Credit Suisse, Singapore January 2007 to February 2009 Director, Co-Head of South East Asia Corporate Finance 5. Credit Suisse, Singapore July 2005 to December 2006 Vice President, South East Asia Corporate Finance 6. Dredner Kleinwort Wasserstein, Singapore April 2004 to June 2005 Vice President, Corporate Finance & Advisory 7. Dredner Kleinwort Wasserstein, Singapore April 2003 to March 2004 Associate, Corporate Finance & Advisory 8. Merrill Lynch & Company August 1999 to December 2002 Associate, Investment Banking, Singapore 9. Merrill Lynch & Company September 1994 to June 1997 Analyst, Investment Banking New York and Singapore |
| Undertaking submitted to the listed issuer in the form of Appendix 7.7 (Listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6)) | Yes |
| Shareholding interest in the listed issuer and its subsidiaries? | No |
| # These fields are not applicable for announcements of appointments pursuant to Listing Rule 704 (9) or Catalist Rule 704 (8). | |
| Past (for the last 5 years) | Nil |
| Present | Nil |
| (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? | No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of :- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Any prior experience as a director of an issuer listed on the Exchange? | No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange | The Manager will arrange for Mr Talukdar to attend the mandatory training organised by the Singapore Institute of Directors within one year from his date of appointment. |
Attachments
- Announcement (Size: 32,780 bytes)
- Press Release (Size: 90,855 bytes)