Announcement Of Appointment Of Non-Executive Director
BackDec 24, 2009
| Appointment Details | ||
| Date of Appointment | 24/12/2009 | |
| Name | Peter Graham Sugden | |
| Age | 54 | |
| Country of principal residence | Singapore | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | Mr Sugden was nominated by incoming shareholder of the manager, and following review of qualifications and experience, the appointment was approved by the Board. | |
| Whether appointment is executive, and if so, area of responsibility | Non-executive. | |
| Job Title | Director | |
| Working experience and occupation(s) during the past 10 years | 2007-2009: Mr Sugden has been a senior executive within the Property Group of AMP Capital Investors since November 2007 and has been based in Singapore since joining AMP Capital Investors (AMPCI). Within AMPCI, Mr Sugden is responsible for the development and management of AMPCI's real estate fund management in Asia. Prior to joining AMPCI, Mr Sugden worked from December 2000 with the Macquarie Bank group, holding various appointments in Australia, South Korea, Malaysia and Singapore, including: 2000-2002: Director of special projects within the property investment management group in Sydney, Australia, analysing and executing business development opportunities within the suite of listed property trusts (REITs) managed by Macquarie. 2002-2004: CEO of Macquarie International Asset Management Company in Seoul, Korea, creating and managing property fund investment vehicles, including the IPO and management of a listed CR REIT on KSX. 2004-2005: Head of New Business Development for South East Asia, based initially in Kuala Lumpur in Malaysia but relocating to Singapore following completion of Macquarie's sponsorship and 50% acquisition of the Manager of Macquarie MEAG Prime REIT (now Starhill Global REIT). 2005-2006: Deputy CEO of Macquarie MEAG Prime REIT Management Limited in Singapore, on secondment from Macquarie. 2006-2007: General Manager, Macquarie Office Trust, a listed REIT on ASX with assets under management of A$6.5 million in mid 2007. Leading up to Mr Sugden's appointment with the Macquarie Bank group, he was Director and Head of Asset Management for Chesterton International in NSW, Australia. In addition to Mr Sugden's employment positions over the last ten years, he has also been active with professional and commercial representative bodies including: Until 2001: Committee members for both Australian Property Institute (NSW) and RICS (Oceania) 2003-2004: Vice Chairman of the Australia and New Zealand Chamber of Commerce in Korea (ANZCCK) 2005-present: Member of the founding members committee and subsequently board and executive committee member on Asian Public Real Estate Association (APREA), currently holding the position of Vice President. |
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| Shareholding in the listed issuer and its subsidiaries | Mr Sugden has a direct interest in 105,000 units (including 70,000 units allocated from the rights issue on 24 December 2009) of MacarthurCook Industrial REIT. | |
| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | None | |
| Conflict of interest | Will manage appropriately any conflicts arising out of ownership of units in the REIT. Potential conflicts could arise due to nature of Mr Sugden's executive role with AMPCI but AMPCI Group has protocols in place to ensure these are properly handled. |
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| Other Directorship | ||
| Past (for the last five years) | Dynasty Property Investment Limited Macquarie Property Advisors Korea Ltd Macquarie Real Estate Singapore Pte Limited Macquarie Services Singapore Pte Limited Macquarie RG Investments Limited Macquarie Pacific Star Property Management Pte Ltd Macquarie Real Estate Asia Nominees Pty Limited MIREF International Holdings Limited MYOP 1 Securitisation Specialty LLC MYOP 11 Securitisation Specialty LLC MYOP 111 Securitisation Specialty LLC |
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| Present | AIMS AMP Capital Property Management Pte Ltd (with effect from 24 December 2009) AMP Capital Investors Office and Industrial (Singapore) Pte Ltd Sherrington Pte Limited Success Ventures Pte Limited Huge Rise Pte Limited Avenue Solutions Pte Limited |
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| Information required pursuant to Listing Rule 704(7)(h) | ||
| a. | Whether at any time during the last 10 years, a petition under any bankruptcy laws of any jurisdiction was filed against him or against a partnership of which he was a partner? | No |
| b. | Whether at any time during the last 10 years a petition under any law of any jurisdiction was filed against a corporation of which he was a director or key executive for the winding up of that corporation on the ground of insolvency? | No |
| c. | Whether there is any unsatisfied judgement 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 for 3 months or more, or has been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) 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 been the subject of any criminal proceedings (including any pending criminal proceedings which he is aware of) for such breach? | No |
| f. | Whether at any time during the last 10 years, judgement 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, misinterpretation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings which he is aware of involving an allegation of fraud, misinterpretation 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 corporation? | No |
| h. | Whether he has ever been disqualified from acting as a director of any corporation, or from taking part directly or indirectly in the management of any corporation? | No |
| i. | Whether he has ever been the subject of any order, judgement 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 |
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| (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 |
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| (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 |
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| (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, | No |
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| in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? | ||
| 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 |
| Information required pursuant to Listing Rule 704(7)(i) | ||
| Any prior experience as a director of a listed company? | No | |
| If yes, please provide details of prior experience. | Mr Sugden has senior management experience and is fully conversant on the responsibilities of a director. |
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