After reporting FY2017 net profit of S$339.7 million (S$349.0 million) several days ago, the Singapore Exchange (SGX) announced that Mr Lim Chin Hu will cease to be a member of its Listings Advisory Committee (LAC) with effect from 20 September 2017. Mr Lim will be standing for election to be appointed as a non-executive and non-independent director of SGX, at SGX’s Eighteenth Annual General Meeting on 21 September 2017.
Mr Lim is the Managing Partner of Stream Global Pte Ltd, a venture fund which invests in emerging enterprises in the infocommunications technology and interactive media sectors. He also serves on the boards of NASDAQ-listed Kulicke & Soffa Industries, Inc. and various non-listed companies.
The LAC, which was established on 7 October 2015, enables SGX to draw upon the views of a panel of independent and experienced market professionals who provide advice on SGX’s listing policies, as well as listing applications to the Mainboard which meet certain referral criteria. The criteria for the referral of listing applications include where novel or unprecedented issues are involved, specialist expertise is required, or matters of public interest are involved. Last year, the LAC advised on SGX’s proposed listing framework for dual class share structures. A list of the members of the LAC with effect from 20 September 2017 is set out in the Appendix. The members collectively have market, legal, accounting and corporate finance experience and also comprise representatives of the investment community.
The LAC Chairman, Mr Gautam Banerjee, who is also chairman of Blackstone Singapore, commented:
The LAC has provided advice on various listing applications and listing policies involving complex analysis. I am grateful to Mr Lim for his strong support and valuable insight on the matters which the LAC advised upon. The LAC and I wish him well in his future pursuits.
SGX Listings Advisory Committee as at 20 September 2017:
| Number | Name | Position | Title |
| 1 | Mr Gautam Banerjee | Chairman | Chairman, Blackstone Singapore Pte Ltd
Former Executive Chairman, PricewaterhouseCoopers Singapore
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| 2 | Professor Hans Tjio | Deputy Chairman | Co-Director, Centre for Banking and Finance Law, National University of Singapore
Member, Securities Industry Council
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| 3 | Mrs Fang Ai Lian | Member | Adviser, Far East Organization
Former Managing Partner, Ernst & Young LLP
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| 4 | Mr David Gerald | Member | Founder, President and Chief Executive Officer, Securities Investors Association (Singapore)
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| 5 | Mr Goh Kian Hwee | Member | Joint Group Managing Director, QAF Limited
Independent Director, CapitaLand Commercial Trust Management Limited
Former Senior Partner, Rajah & Tann Singapore LLP
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| 6 | Mr Subramaniam Iyer | Member | Founder and Director, S2K2 Advisory (operating as SmartKapital)
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| 7 | Mr Lionel Lee | Member | Group Chief Executive Officer and Managing Director, Ezra Holdings Limited
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| 8 | Mr Daryl Liew | Member | Co-Chairman, Advocacy Committee, CFA Society Singapore
Head, Portfolio Management, Singapore, REYL Singapore Pte Ltd |
| 9 | Mrs Margaret Lui | Member | Chief Executive Officer, Azalea Investment Management Pte Ltd
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| 10 | Mr Mak Lye Mun | Member | Country Head and Chief Executive Officer, CIMB Bank Berhad Singapore Branch
Chief Executive Officer, Wholesale Banking, CIMB Group Holdings Berhad
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| 11 | Mr Kabir Mathur | Member | Former Director, KKR Singapore Pte. Limited
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| 12 | Mr Ronald Ong | Member | Chairman and Chief Executive Officer, Southeast Asia, Morgan Stanley Asia (Singapore) Pte.
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| 13 | Mr Soon Tit Koon | Member | Independent Director, Great Eastern Holdings Limited
Independent Director, SPH REIT Management Pte. Ltd.
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| 14 | Mr Toh Teng Peow David | Member | Director and Chief Technology Officer, Nanyang Technological University-NTUitive Pte. Ltd.
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| 15 | Ms Tracey Woon | Member | Vice Chairman, Asia Pacific, Wealth Management, UBS AG
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