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Committees

 

EXECUTIVE COMMITTEE

1. Chairman

Dato’ Jeffrey Ng Tiong Lip – Chief Executive Officer and Executive Director of Sunway REIT Management Sdn Bhd

Dato’ Jeffrey Ng Tiong Lip is the Chief Executive Officer of Sunway REIT Management Sdn Bhd (the Manager of Sunway REIT, a listed REIT on the Main Market of Bursa Malaysia). He also holds directorships in various organisations. He is an Independent Director of United Overseas Bank (Malaysia) Berhad, Director of Urban Hallmark Properties Sdn Bhd, Chairman of REHDA Institute and Chairman of the Malaysian REIT Managers Association (MRMA).  Prior to joining Sunway REIT Management Sdn Bhd, he was the Executive Director of Sunway City Berhad (currently known as Sunway Berhad) and former Managing Director of AP Land Berhad.

Dato’ Jeffrey is also Patron of the Real Estate and Housing Developers’ Association (REHDA).

He has held various positions in non-governmental associations, among which was President of REHDA, Chairman of REHDA Wilayah Persekutuan (KL) Branch, Director of Construction Industry Development Board (CIDB), Vice President and Secretary General of FIABCI Malaysian Chapter (International Real Estate Federation), Vice President of Malaysian Association of Hotel Owners (MAHO), Chapter Chairman of Young Presidents Organisations (YPO) Malaysian Chapter and Vice Chairman of Malaysia Australia Business Council (MABC). 

Dato’ Jeffrey has more than 35 years of extensive experience in finance, corporate planning and executive management in the real estate and hotel industry in both Malaysia and Australia. Graduated with a Bachelor of Economics from Monash University in Melbourne, he is a member of the Malaysian Institute of Certified Public Accountants, a Fellow member of the Institute of Chartered Accountants, Australia and New Zealand as well as a Fellow member of the Malaysian Institute of Directors.

Dato’ was recently awarded “Real Estate and Housing Developers Association (REHDA) Personality of the year 2015” for his contribution to the real estate industry.  He was also accorded the “Entrepreneur of the Year” by Malaysia Australia Business Council. 

2. Vice Chairman

Dato' Hisham Bin Othman - Executive Director and Chief Executive Officer of Hektar Asset Managment Sdn. Bhd.

Dato’ Hisham Bin Othman is currently the Executive Director and Chief Executive Officer of Hektar Asset Management Sdn. Bhd.  He was appointed as Executive Director and Chief Executive Officer on 1 May 2016.

Dato’ Hisham has over 30 years of working experience in various industries.  He has held many senior positions in the Renong / UEM Group and in the DRB-Hicom Group.  He has led many companies in various industries in his capacity as Chief Executive Officer and/or Chief Operating Officer including automotive and real estate.  In the real estate sector, he has been involved in the areas of property development, asset management and construction.

Dato’ Hisham holds a Bachelor of Civil Engineering degree from University of Western Australia and a Master in Business Administration (MBA) from University Putra Malaysia.  He also holds a Senior Management Certificate from INSEAD of France.

He is a Qualified Risk Director and a member of the Institute of Enterprise Risk Practitioners (“IERP”)  based in the UK.  He possesses a Capital Markets Services Representatives’ License for REITs’ as a Licensed Director for the asset management company of Hektar REIT to carry on regulated activities specified under the Capital Markets and Services Act (“CMSA”).  Dato’ Hisham is also a member of Malaysian Institute of Corporate Governance (“MICG”) and Malaysian Directors Academy (“MINDA”).

Dato’ Hisham was recently elected Vice Chairman of the Malaysian REIT Managers Association (“MRMA”), an organisation aimed at representing the collective interests of the Malaysian real estate investment trusts sector and acts as a platform for the Malaysian REIT managers to engage with the regulatory bodies in proposing changes to the industry to promote its growth.

3. Vice Chairman

Leong Kit May  – Chief Executive Officer and Finance Director of  Axis REIT Managers Berhad

Ms Leong Kit May, is the Chief Executive Officer and Finance Director of Axis REIT Managers Berhad. Equipped with a Bachelor of Business (Accountancy) from RMIT University in Australia. Ms Leong joined the work force in the late 1990s with Ernst & Young where she gained her audit and accounting experience. She is a member of Malaysian Institute of Accountants and Certified Practising Accountants of Australia.

In 2001, Ms Leong joined the UOA Group of Companies where she was given the opportunity to specialise in various areas of the property sector including development, construction and investment. In 2005, she got her big break as part of the corporate team and was involved in the successful listing of UOA REIT.

At the age of 20, with several achievements under her belt, Ms Leong took another leap in her career and joined Axis REIT Managers Berhad in 2006 where she learned the ropes of managing financial and investment portfolios relating to office and industrial “reitable-properties”. In 2018, she was promoted to Chief Financial Officer where she garnered more experience in the management of Axis-REIT. In the same year, Ms Leong also spearheaded the project of converting Axis-REIT into the world’s first Islamic Office / Industrial REIT. She also anchored the capital management function of the Fund; from that of equity capital raising, treasury, as well as fund raising to Islamic bond issuance (Sukuk). She has been responsible for the five successful equity placement of Axis-REIT.

Recognised for her acute business sense and professionalism, Ms Leong was given the opportunity to further climb of the corporate ladder when, in 2011, she was appointed tot eh Axis-REIT Board of Directors as Executive Director when she was only 35 years old.

In the following years of 2012 and 2013, she led the launch Axis-REIT’s first Islamic Medium Term Notes (Sukuk) issuance programme of RM300.0 million with two tranches of Sukuk of RM110.0 million and RM155.0 million of nominal value. As part of the Board’s Succession Plan, Ms Leong was being groomed to be the next Chief Executive Officer of Axis-REIT.

In 2015, she made a decisive move when she accepted the Chief Operating Officer role, adding onto her responsibilities as Finance Director where she continued to manage financial matter of both the Company and the Fund.

In late 2014, she upsized the Sukuk Issuance programme further by increasing the existing Sukuk programme size from RM300.0 million to RM3.0 billion to allow for future issuances. Approval on the Sukuk programme’s upsizing was obtained at the start of 2015.

With her vast exposure in Islamic Finance and capital management, she has been invited to speak at numerous seminars and conferences in the country. Ms Leong is also director of Axis REIT Sukuk Berhad.

3. Honorary Secretary

Dato’ George Stewart Labrooy – Executive Chairman of Area Management Sdn Bhd

Dato’ Stewart is a Member of the Institute of Engineers, Malaysia. He holds a Bachelor of Engineering (Hons) and Post Graduate Diploma in Business Studies from the University of Sheffield in United Kingdom.

Dato’ Stewart was the Chief Executive Officer and Executive Director of Axis REIT Managers Bhd until December 2015. Axis REIT was the first Shariah compliant listed Industrial REIT in the world and the first REIT to be listed on Bursa Malaysia in August 2005. During that time, he worked to establish REITs as an important component of the capital markets in Malaysia. He spearheaded the formation of the Malaysian REIT Managers Association where he served as its Chairman for 5 years and is currently a Board Member of the Asia Pacific Real Estate Association (APREA).

He has over 40 years of experience in manufacturing, operations management, property development and REIT management. He is a prominent speaker on the subject of real estate investment and has presented numerous papers at conferences globally.

He currently serves as Executive Chairman of Area Management Sdn Bhd, the manager of the AREA Industrial Development Fund 1 which develops high grade industrial projects and estates in Malaysia.

He also was instrumental in the establishment of Alpha REIT, Malaysia’s first unlisted Islamic REIT focused on Education assets, where he serves as Chairman of Alpha REIT Managers Sdn Bhd, the manager of Alpha REIT.

In December 2017 he was appointed as an Independent Non- Executive Director of UEM Edgenta Berhad and listed Total Asset Solution Company dealing in Infrastructure, Healthcare, Consultancy and Real Estate.