Board of Directors

The Board is entrusted with the responsibility for the overall management of the Trustee-Manager, and comprises five directors. The Board of the Trustee-Manager comprises:

  • Mr David Lim Teck Leong

    Chairman, Independent Director and Member of the Audit and Risk Committee, and Member of the Nominating and Remuneration Committee

    Mr Lim is an independent director of several companies publicly listed on the SGX-ST, namely, G.K. Goh Holdings Limited, LH Group Limited and New Toyo International Holdings Limited. He also sits on the boards of private companies in Singapore, Indonesia and Thailand in non-executive capacities and on the executive committees of several private equity investments.

    Mr Lim is the founder of David Lim & Partners LLP and has been the Managing Partner since 1990. He began his career at Rodyk & Davidson in 1982 with a focus in commercial litigation, corporate finance, restructuring and mergers & acquisitions up till 1989. Mr Lim has represented MNCs and corporations from the financial and banking sectors, fund management, private equity, manufacturing, tobacco, information technology and telecommunications, infrastructure, property development, food, hospitality, healthcare, shipping and electronics. He previously lectured at the Institute of Banking & Finance from 1999 to 2000 and tutored at the Faculty of Law, National University of Singapore from 1992 to 1994. He was a council member of the Law Society of Singapore.

    Mr Lim is an honorary legal adviser (for David Lim & Partners LLP) of the Singapore Physiotherapy Association.

    Mr Lim graduated from King’s College London in 1980 with a Bachelor of Laws and obtained his professional qualification as a barrister from Gray’s Inn, London in 1981.

  • Mr Jim Chang Cheng-Wen

    Executive Director and Chief Executive Officer

    Mr Chang is the Chairman and Co-founder of Croesus Merchants in February 2010 and Croesus International in August 2004 with over 10 years of Asian real estate experience. He is a Taiwanese citizen, currently residing in Tokyo, Japan. He is fluent in Japanese, English, Mandarin and Hokkien.

    Mr Chang began his career in 1990 negotiating sea port control rights, airline landing rights and strategic investments with foreign governments on behalf of the Evergreen Group. He rose to become Managing Director of the Group’s investment activities in 2001. From 1997 to 2005, Mr Chang led in the investments and management of Evergreen’s interests in real estate, transportation and infrastructure across Asia with extensive experience in managing Evergreen’s hospitality, office and logistics real estate businesses. Mr Chang has also been on the Advisory Board or an Advisor to leading Asian institutions and organizations, notably Taiwan High Speed Rail Corporation (2004 to 2010) and Evergreen (2007 to 2011).

    From 2007 to 2010, he managed a residential real estate fund in Japan for Citi Property Investors with combined equity and debt of US$500 million. He partnered with and advised world class players on their acquisition strategy for two real estate portfolios totaling over US$2 billion of Asian hospitality assets in 2006.

    Mr Chang has a Bachelor of Arts in International Studies from Temple University (Pennsylvania, USA).

  • Mr Eng Meng Leong

    Independent Director, Chairman of the Audit and Risk Committee, and Member of the Nominating and Remuneration Committee

    Mr Eng is currently a non-executive director of HSR Global Limited, Libra Group Limited and Religare Health Trust Trustee Manager Pte. Ltd. He is also a director of ACTS College Ltd.

    Mr Eng was previously an executive director with KPMG Tax Services Pte. Ltd. He also served as the head of financial services in the tax practice. Mr Eng joined KPMG Tax from 1984 up till 2009 and has been involved with taxation for 25 years. His experience in taxation covers Singapore, Malaysia, Hong Kong and the United Kingdom.

    Mr Eng worked in London for nine years prior to joining KPMG in Singapore. He regularly speaks on taxation matters at seminars and workshops conducted for both the public and clients and was an examiner at ACCA Advanced Tax. Mr Eng is a consultant for the Kong Siang group of companies.

    Mr Eng was admitted in 1984 as an associate member of the Institute for Chartered Accountants of England and Wales. He is a member of the Institute of Singapore Chartered Accountants and an Accredited Tax Advisor of the Singapore Institute of Accredited Tax Professionals Ltd.

  • Mr Quah Ban Huat

    Independent Director, Chairman of the Nominating and Remuneration Committee, and Member of the Audit and Risk Committee

    Mr Quah has more than two decades of experience in investments, finance and accounting, including fund raising, listing and initial public offerings, debt financing, restructuring and tax planning. Mr Quah is a consultant for KPMG Services Pte Ltd and sits on the board of several public and private companies.

    In 2010, Mr Quah founded PRYME (Potential Realised in Youth through Mentoring and Education), a charitable organisation to assist children in achieving its potential.

    Mr Quah has held various key finance positions in the past including amongst others, as Regional Business Area Controller at Deutsche Bank, Group Finance Director of the IMC Group, and Chief Financial Officer of City Gas Pte Ltd and Rickmers Trust Management Pte Ltd.

    Mr Quah is a member of the Institute of Chartered Accountants in England and Wales and a fellow member of the Association of Chartered Certified Accountants.

  • Mr Yong Chao Hsien Jeremy

    Executive Director and Managing Director

    Mr Yong is Co-founder of Croesus Merchants International Pte Ltd, the Sponsor of Croesus Retail Trust (a publicly listed property Business Trust on the main board of the Stock Exchange of Singapore). He oversees all corporate operations and the strategic development of Croesus Merchants. He is also Co-founder and Director of a number of Croesus group companies including Croesus Group Pte Ltd, Croesus Partners Pte Ltd, Croesus Retail Asset Management Pte Ltd and Evertrust Asset Management Pte Ltd.

    Mr Yong began his career at JP Morgan Singapore in the mid-1990s. Since then, he founded or co-founded a number of companies involved in various types of investment strategies, including Jael Capital Ltd, a privately owned investment vehicle, involved in equities, global markets, foreign exchange and real estate investments, and ICG Japan, a private equity technology investment company, which subsequently merged with ICG Asia (a publicly listed company on the Stock Exchange of Hong Kong).

    Mr Yong graduated from the London School of Economics, U.K. in 1991 with a Bachelor of Science (Hons) in Industrial and Business Economics.