Announcement Of Appointment Of Executive Chairman
BackAug 11, 2009
| Appointment Details | ||
| Date of Appointment | 07/08/2009 | |
| Name | Mr George Wang | |
| Age | 47 | |
| Country of principal residence | Australia | |
| The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) | After reviewing Mr Wang's qualifications and experience (as set out below), the Board approved the appointment of Mr Wang as Executive Chairman. | |
| Whether appointment is executive, and if so, area of responsibility | Executive appointment. Area of responsibility: Executive management. |
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| Job Title | Executive Chairman | |
| Working experience and occupation(s) during the past 10 years | Mr George Wang is the founding Chief Executive Officer of AIMS Financial Group ("AIMS") and is an active participant in both the Australian and Chinese financial services industries. Mr Wang immigrated to Australia from China 20 years ago and founded AIMS two years later in 1991. Since its establishment, AIMS has been built into a diversified financial services group, active in the areas of lending, securitisation, investment banking, real estate investment and funds management, resources, hightech and infrastructure investment. In the course of developing AIMS into a significant financial services group in Australia, Mr Wang has developed a strong skill base in the areas of securitisation, real estate funds management, structured finance and innovative financial product development. Mr Wang has developed an extensive business network in both Australia and China and has spent a significant amount of time in China each year for the past 16 years. Mr Wang has been an active investor in China over the last 10 years. Mr Wang is active in the Chinese financial sector; he is an advisor for a number of Chinese Government bodies and Government agencies. He holds the position of Deputy President of the International Trade Council of China, a constituent body of China Council for the Promotion of International Trade. In Australia, Mr Wang is the President of the Australia-China Finance & Investment Council. As the President of Australia-China Finance and Investment Council, Mr Wang has been laying the foundation for the financial bridge between Australia and China for many years, closely following the development of the Chinese financial sector, at the same time building a professional team. Mr Wang's story was selected by the Development Research Center of the State Council of China to be in biographical books such as the "Outstanding Achievements - 100 greatest Chinese business leaders in the world", "Remarkable Chinese Financiers - stories of the top 80 Chinese leaders in Financing Industry Globally" and "Great Power - Life with Intelligence and Patriotism of the top 80 Chinese Business Leaders". |
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| Interest in the listed issuer and its subsidiaries | AIMS Securities Holdings Pty Ltd and AIMS Capital Holdings Pty Ltd are directly owned by Mr George Wang. AIMS Securities Holdings Pty Ltd and AIMS Capital Holdings Pty Ltd (AIMS) has acquired an aggregate of 91.68% of MacarthurCook Limited through an off market takeover bid. MacarthurCook Limited holds a 92.5% direct interest in MacarthurCook Investment Managers (Asia) Limited, the Manager of MacarthurCook Industrial REIT. AIMS Securities Holdings Pty Ltd and AIMS Capital Holdings Pty Ltd together have a deemed interest in 41,743,094 units (15.67%) of MacarthurCook Industrial REIT's outstanding units. |
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| Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil. | |
| Conflict of interest | Nil. | |
| Other Directorship | ||
| Past (for the last five years) | AIMS Real Estate Network Pty Ltd | |
| Present | See attachment titled "Mr George Wang's Present Directorships". | |
| 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? | Yes | |
| If yes, please provide details of prior experience. | ASX listed MacarthurCook Limited |
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| Other Notes | ||
| Footnotes | See attached for announcement on appointment. | |
Attachments
Attachment 1 (Size: 27,336 bytes)- Attachment 2 (Size: 34,423 bytes)