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The Malaysian real estate investment trust (M-REIT) industry kicked off the past decade with a bang. It saw rapid growth in the first half of that 10 years, with its market capitalization almost quadrupling from RM9 billion in 2010 to RM38 billion as at 31 March 2022. With 18 listed real estate investment trusts (REITs) in Malaysia, REITs have become a significant component of the listed capital markets.
Malaysia’s REIT industry has provided investment diversification, stakeholders income stability, inflation protection and delivering long-term performance of lower risk and volatility. M-REITs saw a landmark development with the launch of the Bursa Malaysia REIT Index in October 2017, increasing the visibility of M-REITs in the capital market.
MRMA was established in May 2010 as a collective representation of the Malaysian real estate investment sector and to establish an environment for more investments into high quality real estate in Malaysia.
As Malaysia stays on track to move the nation towards becoming a high-income economy, the growth of Malaysia’s middle-class will continue to fuel demand for all real estate classes.
Director, Origination & Listings, Bursa Malaysia Berhad
Chief Economist, Maybank Investment Bank Berhad
Deputy Chairman, Centre for Economics & Business Research, CEBR (one of the UK’s leading specialist economics consultancies)
By attending this forum, participants will have better understanding of the M-REIT landscape and find out what’s in store. Join us now to meet and engage with the CEOs of M-REITs and various industry experts to tackle these questions! Mark your calendar!
In this environment, REITs will continue to serve as a tool to power growth and satiate the demand for new real estate in Malaysia. As a socio-economic development engine, REITs will be one of the key drivers to sustain prosperity and progress for the country by:
attracting new flows of foreign direct investments into Malaysia.
monetising and raising capital for real estate and infrastructure development.
generating stable returns for sovereign wealth funds, pension funds and insurance companies, institutional funds and retail investors
enabling Malaysians to own a share of quality real estate, thus empowering wealth creation.
With the impact of the COVID-19 pandemic compounded by the war in Ukraine, China lockdowns, rising interest rates and fears of stagflation — low growth, high inflation for 2022:
Retail Investors
CEOs, CFOs, C-Suites, Senior Management of the targeted sectors:
Chairman, Malaysian REIT Managers Association (MRMA)
Chief Executive Officer of Pavilion REIT Management Sdn Bhd
Director, Origination & Listings, Bursa Malaysia Berhad
Chief Economist, Maybank Investment Bank Berhad
Deputy Chairman, Centre for Economics & Business Research, CEBR (one of the UK’s leading specialist economics consultancies)
Chief Executive Officer, Credit Suisse (Malaysia)
Director, Origination & Listings, Bursa Malaysia Berhad
Deputy Chairman, Centre for Economics & Business Research, Cebr (one of the UK’s leading specialist economics consultancies)
Chief Economist, Maybank Investment Bank Berhad
Chief Sustainability Officer, City Developments Limited, Singapore
Partner, Climate Change and Sustainability Services, Ernst & Young Consulting Sdn Bhd
Executive Director of Chairman’s Office, Sunway Group
Executive Director, Head of Sustainability Services, KPMG
Chief Executive Officer, HSBC Amanah Malaysia Berhad
Head, Strategic Business and Market Development, UEM Edgenta Berhad
Director, Senior Equities Analyst, CGS-CIMB Securities
Chairman, CBRE-WTW
Chief Executive Officer, IGB REIT Management Sdn Bhd
Chief Executive Officer, Sentral REIT Management Sdn Bhd
Chief Executive Officer, Pelaburan Hartanah Nasional Berhad
Chief Executive Officer, KLCC REIT Management Sdn Bhd
Chief Executive Officer, GLM REIT Management Sdn Bhd
Chief Executive Officer, AmREIT Managers Sdn Bhd
Chief Executive Officer, Zerin Properties
Group Head of Finance/Company Secretary, YTL Group
Chief Executive Officer, Sunway REIT Management Sdn Bhd
Chief Executive Officer, Alpha REIT Managers Sdn Bhd
Chief Executive Officer, Real Estate Agency, Rahim & Co International
Chief Executive Officer, I REIT Managers Sdn Bhd
Chief Executive Officer, Axis REIT Managers Berhad
Chief Executive Officer, CapitaLand Malaysia REIT Management Sdn Bhd
Executive Director, Research and Consultancy, Knight Frank Malaysia Sdn Bhd
Chief Executive Officer, IGB REIT Management Sdn Bhd
Chief Executive Officer, Sunway REIT Management Sdn Bhd
Chief Executive Officer, Pavilion REIT Management Sdn Bhd
Executive Director and Chief Corporate Officer of Hektar Asset Management Sdn Bhd
Chief Executive Officer, CapitaLand Malaysia REIT Management Sdn Bhd
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Dato’ Philip Ho is the Chief Executive Officer of Pavilion REIT Management Sdn Bhd, the manager of Pavilion REIT which has one of the largest retail mall by valuation on the Malaysian listed REIT market.
Started his career in KPMG, Dato’ Philip has over 33 years of experience in finance, corporate planning, mergers & acquisitions, audit, asset management, property development and construction.
Dato’ Philip holds a Master of Business Administration from University of Strathclyde, United Kingdom and a Bachelor of Business in Accounting from Chisholm Institute of Technology, Australia. Besides being a member of the Malaysian Institute of Accountants, he is also a registered
property manager governed by the The Board of Valuers, Appraisers, Estate Agents and Property Managers, Malaysia
Azhar began his career in investment banking in 1996 bringing with him twenty years of experience having served in senior positions in several Malaysian and global financial institutions. Azhar holds a Bachelor’s degree in Accounting & Finance from London South Bank University. He is currently Director of Penjana Kapital Sdn Bhd, the Malaysian Investor Relations Association. He is former Council Member of the Malaysian Investment Banking Association.
Mr Hagger has been based in Kuala Lumpur since 1992.
A sustainability practitioner for over two decades, Esther published the first sustainability report in Singapore in 2008 and issued the first green bond by a Singapore company in 2017. Conferred the 2018 SDG Pioneer for Green Infrastructure and A Low Carbon Economy by the UN Global Compact and named a G20 EMPOWER Advocate in 2022, Esther sits on the boards or advisory platforms of international organizations including:
Esther also chairs the following Committees:
She founded Women4Green and Youth4Climate networks to empower women and youths to champion climate action and sustainable development.
Professional background
Help clients integrate sustainability into their long-term strategic and operational plans to create lasting value, enhance reputation and build public trust. Mother of two and an avid diver.
Arina is a Partner in the Climate Change and Sustainability Services (CCASS) practice of Ernst & Young Consulting Sdn Bhd and the EY Integrated Reporting subject matter professional in Asean.
She has over 14 years of experience providing various types of assurance and advisory services to multinational companies. She focuses on integrated sustainability reporting and the incorporation of Environmental, Social and Governance (ESG) factors into financial decision-making.
Arina has facilitated workshops for corporates and discussions with government agencies, the Kuala Lumpur Stock Exchange, Bank Negara Malaysia and the Securities Commission Malaysia on topics related to ESG and sustainable finance. She has also been involved in discussions on green and social policies and standards for Malaysia.
Arina is an ICSP-certified Sustainability Reporting Specialist. She is also a certified ISO 45001:2018 Lead Auditor on Occupational Health and Safety and a Lead Implementor of ISO 14001:2015 Environmental Management Systems.
Arina is a Partner and the Malaysia Climate Change and Sustainability Services (CCaSS) Leader in Ernst & Young Consulting Sdn Bhd. She is also the EY Asean Integrated Reporting subject matter expert.
Professional background
► Arina assists clients to integrate sustainability into long-term strategic and operational plans to create lasting value, enhance reputation and build public trust. Her experience is primarily in sustainability consulting, ESG strategy, due diligence, framework development, outcome measurement and stakeholder management.
► Under Arina’s leadership, EY issued the inaugural Climate Risk Disclosure Barometer 2020 Malaysia, which analyzed Malaysia’s top 100 public-listed companies’ reporting disclosures against the global Taskforce on Climate-related Financial Disclosures (TCFD) recommendations.
► In 2020 and 2022, Arina supported Bank Negara Malaysia and the Securities Commission Malaysia Joint Committee for Climate Change (JC3) to facilitate capability-building workshops under the UK Prosperity Fund’s ASEAN Low Carbon Energy Programme.
► Arina has also been involved in discussions with the Ministry of Environment and Water, Bursa Malaysia and the Securities Commission Malaysia on green and social policies and standards for Malaysia.
Education
Mr. Ong Pang Yen holds a Bachelor of Engineering (Honours) in Civil Engineering from University Malaya and LLB (Honours) from University of London.
Mr. Ong is currently Sunway Group’s Executive Director in the Chairman’s Office overseeing Group Brand Marketing and Communications, Group’s Sustainability and ESG agenda as well as the Jeffrey Cheah Foundation, the largest education-focused social enterprise in Malaysia.
Mr. Ong served Malaysia’s Public Works Department for 8 years before joining the Sunway Group as a Resident Engineer in the Seberang Jaya Town Centre in 1993. He was soon actively involved in Sunway Group’s pioneer overseas investment projects across Cambodia, Zimbabwe, South Africa, Australia, India and China.
In 2013, Mr. Ong assumed the role of Joint Managing Director of Sunway Property Development division, Malaysia/Singapore.
In 2015, Mr. Ong was appointed the Executive Director of Monash University Malaysia, which was a joint venture between Sunway Group and Monash Australia, to oversee its operations in Malaysia, before re-joining Sunway Group to assume his current role in the Chairman’s Office.
Sharifah joined UEM Edgenta in July 2021 to provide strategic steer in the company’s business development initiatives and exploration of new markets. In this role, she is also tasked to develop UEM Edgenta’s ESG Blueprint.
Prior to UEM Edgenta, Sharifah provided investor relation services for corporate and institutional clients in the global real estate markets through Bespoke Globiz, an Asia based consulting and advisory boutique firm, which she founded. In this capacity, she showcased more than USD5 billion worth of commercial, industrial and residential real estate assets to investors in South East Asia. Before Bespoke Globiz, Sharifah was the Head of South East Asia Business Development for Gatehouse Bank Kuala Lumpur Representative Office, which was part of a London based real estate investment bank.
Sharifah trained as an investment banker and has worked at investment banks in Malaysia and the Middle East specialising in the areas of debt capital markets and Islamic finance. During her time at Maybank Investment Bank between 2003 and 2006, she advised the Government of Malaysia in structuring the country’s landmark Residential Mortgage Backed Securitisation (RMBS) transaction. Sharifah also successfully led a team of global advisors in executing the Kingdom of Bahrain’s inaugural RMBS transaction in 2008. In her capacity as a debt market specialist, Sharifah was also appointed as an External Financial Markets and Institutions Specialist by the Asian Development Bank in 2017 for a regional infrastructure project in Guangxi China, where she was tasked with designing a suitable financing modality for SMEs in Guangxi and the northern border provinces of Vietnam.
Sharifah is passionate about coaching and nurturing talent. She mentors professionals either on a structured basis or as part of her engagements. She also reskills both men or women who are on career breaks to enable them to return to the workspace or become entrepreneurs. Sharifah was awarded a Chevening Scholarship by the British Government in 2010 to pursue a Master in Business Administration degree at Cambridge Judge Business School. She graduated from Cambridge with an MBA in 2011. She also graduated from the International Islamic University, Malaysia in 1998 with a Bachelor of Accounting (Hons) degree. Sharifah is a Chartered Accountant and a Certified Public Accountant. Sharifah has served as the Honorary Secretary and Honorary Treasurer of the Chevening Alumni of Malaysia. She is also a member of the Oxford and Cambridge Society of Malaysia. In her free time Sharifah enjoys cooking, reading and travelling.
Sharizan is a Director (Senior Analyst) at CGS- CIMB Securities Sdn Bhd. Has been in the equity research industry since 2003, when he joined Affin Securities, covering the Media and Consumer sectors. He subsequently joined CIMB in 2006, expandinghis coverage to the Malaysian Construction, Materials, Infrastructure (Tolls), and Water sectors. He assumed coverage of Malaysia’s REIT sector in 2018, with an overall 19 years of experience in equities research to date. Sharizan contributed to CIMB’s No. 1 ranking in capital goods in the Asiamoney poll in each year from 2007 to 2016 and was voted Best Analyst under the Materials sector category for
2017, Construction and Engineering for 2019 and Industrials for 2020.
He has a Bachelor of Economics degree, majoring in Finance, from the International Islamic University, Malaysia.
Antony Barragry holds a Diploma in Architecture from the University of Sheffield. He is a member of Real Estate and Housing Developers’ Association Malaysia (REHDA) and The International Real-Estate Federation (FIABCI).
He is a qualified architect with more than 40 years of international experience in the design, development and operations of mixed-use developments. His prior work experience includes Jebel Ali Hotel development in Dubai, Putra World Trade Centre in Kuala Lumpur and Kempinski Ciragan Palace Hotel in Istanbul.
His career with IGB group commenced with Renaissance Kuala Lumpur Hotel in 1993 which subsequently opened in 1996.
Appointed as Project Director for phase 1 of Mid Valley City, including Mid Valley Megamall which subsequently opened in late 1999.
Appointed Executive Director of Mid Valley City Sdn Bhd in 2002, where he spearheaded the development of more than 6 million square feet of mixed Retail/Commercial/Hospitality space in Mid Valley City’s phase 2 (The Gardens Mall, Gardens Office Towers and The Gardens Hotel & Residences).
He was also Project Director for the design and construction of St Giles Hotel-Feltham, London, which opened in 1999 and Pangkor Island Beach Resort upgrade in 2004.
Appointed Chief Executive Officer of Mid Valley City Gardens Sdn Bhd from January 2008 until he relinquished the post on 31 August 2012.
Appointed CEO of IGB REIT Management Sdn Bhd on 1 September 2012. The assets under the REIT comprising 2 No. malls, Mid Valley Megamall and The Gardens Mall at Mid Valley City, Kuala Lumpur. Retail NLA 2.65 million sq. ft. IGB REIT was listed on 21 September 2012
On 20 September 2021, IGB Commercial Reit (IGBCR) was listed on Bursa. Also under the management of IGB REIT Management Sdn Bhd. The assets comprising 7 office towers in Mid Valley and 3 office towers in Central Kuala Lumpur. Commercial NLA 3.47 million sq. ft.
Derek Teh Wan Wei was appointed the Chief Executive Officer of SRM on 1 April 2022. He has over 20 years of experience in the property industry. Prior to SRM, Derek was the Vice President, Properties at MRCB, where he provided leadership, management and overseeing the business operations of development for various commercial, residential, mixed development projects. He also worked at CIMB-Mapletree Management Sdn Bhd and led the investment, fund management, development management and asset management functions for a portfolio of real estate assets, where he left as Chief Investment Officer.
Derek holds a Master of Business Systems from Monash University and double Bachelor’s Degrees in Property & Construction (Building) and Planning & Design from the University of Melbourne.
Encik Hafidz Mohd. Zihim, aged 44, a Malaysian, was appointed the Chief Executive Officer of Pelaburan Hartanah Nasional (PHNB) on August 30, 2010, and was appointed to the Board of Directors of PHNB on November 21, 2014.
Encik Hafidz is a Fellow of the Institute of Chartered Accountants in Ireland (FCA Ireland) and a Chartered Accountant (CA) of the Malaysian Institute of Accountants. He also holds a Capital Market Services Representative’s License from the Securities Commission of Malaysia. He graduated with a First Class Honours Degree in Accounting and Finance from Leicester DeMontfort University, England.
Encik Hafidz has wide experience in the investment and financial sectors. Prior to joining Permodalan Nasional Berhad (PNB), he was attached with a renowned investment bank and prior to that, was involved in the accounting and auditing sector where he trained professionally and completed his articleship as a Chartered Accountant. He joined PNB in 2003 in the Corporate Finance Department before joining the Office of the President and Group Chief Executive of PNB. Consequently, he was attached to the Corporate Services Department prior to his transfer to PHNB in early 2010.
Encik Hafidz is also the President of the Malaysian Irish Alumni Association, the Vice President of the Famemas Malaysia Sports Supporters Club and leads his Residents’ Association and local Rukun Tetangga.
Md. Shah bin Mahmood (53) was appointed in May 2021 as the Director/Group Chief Executive Officer of KLCC (Holdings) Berhad. He helms one of the leading real estate players in the country with over 40 companies under its portfolio, a master developer of an integrated city and township, the 100-acre KLCC Precinct Development and Malaysia’s administrative capital of Putrajaya.
He is also the Executive Director/Chief Executive Officer of KLCC Property Holdings Berhad (KLCCP) and KLCC REIT Management Sdn Bhd (KLCCRM), the largest REITs (real estate investment trusts) and the only stapled security in Malaysia. He also currently serves as a board member for PETRONAS Group of Companies and subsidiaries and associate companies of KLCCH and subsidiaries of KLCCP and a member of Kuala Lumpur City Park Berhad and Midciti Sukuk Berhad.
Md. Shah has more than 28 years of experience in PETRONAS, the national oil company and has held numerous management positions covering various divisions. These include a managerial role in Business Development Unit, Corporate Planning and Development Division; Head, Commercial & Business Development, PETRONAS LNG Sdn. Bhd., Head (Solar Project), Research &Technology; Head, Project Studies for Project Delivery and Technology and Project Director of LNG Regasification Facilities Project in Pengerang, Johor. Prior to his current position, he was the Head (Strategy and Business Development), Gas and New Energy Business at PETRONAS.
Md. Shah bin Mahmood holds a Bachelor’s Degree in Electrical Engineering (Instrumentation) from the University of Technology Mara (UITM). He attended the Senior Management Development Programme (SMDP) from INSEAD and Advanced Management Program from Harvard Business School, USA.
Being people focused, he is passionate about developing others and committed to coaching potential leaders. Results driven with high perseverance, he ensures deliverables are guided by clear objectives, proper planning and robust execution plans. As an enterprise thinker, he is proactive and innovative in idea generation, crafting strategy and solutions.
Puan Noorbaizura graduated with a Bachelor of Accountancy (Hons) from University Teknologi Mara in 2002. Subsequently in August 2003, she completed herAssociation of Chartered Certified Accountants (“ACCA”) professional examination.
Puan Noorbaizura has extensive experience in the area of real estate asset management, strategic planning, business development and corporate finance.
Prior to joining GLM REIT Management Sdn Bhd (“GLM REIT”), she was the Portfolio Manager-Savills Malaysia Asset Management. She has held various senior management positions in various companies, among others, Chief Executive Officer of Amanahraya Kenedix REIT, Director for Naza Asset Management and Senior Vice President of Medini Iskandar Malaysia (Johor).
Puan Noorbaizura was appointed as the Chief Executive Officer of GLM REIT on 7 February 2022.
YM Raja Nazirin Shah Bin Raja Mohamad was
appointed to the board of AmREIT on
22 April 2019. He is currently the Chief
Executive Officer of AmREIT.
YM Raja Nazirin Shah has more than
thirty-two (32) years of experience in the
real estate industry, in areas of sales and
marketing, project management and asset
management.
Prior to joining AmREIT, he served Permodalan Nasional Berhad’s subsidiaries from August 2011 to April 2019. Permodalan Nasional Berhad is a Malaysian governmentlinked investment company. He was the Vice President and Head of Commercial for PNB Merdeka Ventures Sdn Bhd. PNB Merdeka Ventures Sdn Bhd involves in the development of PNB 118 which will be the tallest office building in South East Asia. It is a premier office building with an estimated NLA of 1.7 million sq ft. PNB 118 is part of the mixed commercial development known as Merdeka 118. Prior to that, he was the Chief Operating Officer for PNB Commercial Sdn Bhd from August 2011 to December 2017 overseeing a workforce of over 305 staffs in managing 17 properties of various assets classes across commercial, retail, hospitality and residential with asset under management worth over RM1.5 billion. He was the General Manager - Sales, Marketing & Asset Management for Malaysian Resources Corporation Berhad from December 2000 to December 2011. He was instrumental in the market positioning and asset management of KL Sentral Integrated Development and for turning it into a successful mixed-commercial hub connected with highly modern rail station.
YM Raja Nazirin Shah holds a Post Graduate Research in Business Administration from Faculty of Economics, Kagawa University, Japan and a Bachelor of Estate Management (Hons) from Faculty of Architecture, Planning & Surveying, University Teknologi MARA. He is professionally qualified as Registered Property Manager, Registered Valuer and Registered Real Estate Agent which are governed by The Board of Valuers, Appraisers, Estate Agents and Property Managers.
Previn holds an excellent scholastic record from the University Technology of Malaysia and begun his career in a leading international property consultancy firm in Kuala Lumpur in the early 1990s. Here he was exposed to all facets of the property industry, beginning his career in the Research and Consultancy Department. He then ventured into the Valuation Department and finally his passion for sales and marketing led him to the agency department, where he closed the single biggest residential deal in the history of the said firm. He was then head hunted to another leading property consultancy to head the Residential Agency.
After a short stint with Tenggara Capital Bhd as the Commercial Manager and also Head of Marketing and Sales (Property), Previn was head hunted to start up a brand new Hospitality Management Company, Signforce His last position in this dynamic company was as the Chief Marketing Officer overlooking the sales and marketing of some of the finest hotels and resorts in the region.
Previn is a Registered Estate Agent with the Board of Valuers, Appraisers and Estate Agents, Malaysia and has been registered since 1995. He is also a Certified Residential Specialist from NAR and is a Registered Valuer and Property Manager.
He has been honoured with a Certified International Property Specialist (CIPS) Designee by the National Association of Realtors (NAR), an association of influencing and shaping the real estate industry. Previn has a strong passion for excellence in Corporate Real Estate and his pet is the Hospitality Sector.
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.
Shireen is currently the CEO of Alpha REIT Managers Sdn Bhd, the manager of Malaysia’s first and only privately held education focused REIT.
She brings more than 25 years expertise in real estate portfolio growth and value creation. She has held leadership roles and is experienced across various real estate asset classes including retail, public infrastructure, commercial sectors with local and multinational companies. Her forte is real estate growth strategy and value creation specifically on property investments, redevelopment and divestments.
Integral to her success is Shireen’s drive to create sustainable and holistic value to the portfolio, her ability to work collaboratively with diverse stakeholders, influencing at the highest levels including Federal and State Governments, Local Authorities, Regulators, stakeholders and shareholders, competitors and the media.
She is purpose driven, innovative and has managed real estate investments of more than RM9bn GDV. Shireen supports diversity and inclusion in her work and is an advocate for sustainability, technology and corporate governance to drive transparency, credibility and integrity, all of which are key drivers in delivering long term value to the organization.
CAREER HIGHLIGHTS
Currently Chief Executive Officer of Alpha REIT Managers, she delivered market leading MREIT returns with distribution growth of 18% in 2021, with no disruption to property income despite school closures during the pandemic. She spearheaded the independent audit of the portfolio for sustainability, culminating in 2 assets winning the Edge Property’s Best Managed and Sustainable Property Awards 2021.
Completion of a strategic urban regeneration project delivering Malaysia’s first modern passenger transit facility connecting land, sea and rail in Penang, in 2018. Notable point of difference in this project was the delivery and implementation of an end to end digital / online system for public transportation managing ticketing, transport scheduling and payments. Successfully bridged high level stakeholder interest including Federal and State Governments.
Delivered market leadership for leading multinational retailer, Tesco in Malaysia through the organic growth of a profitable and sustainable real estate portfolio, valued approximately RM3bn. Managing commercial tenancies, owner occupiers and partnerships.
Successful implementation of building management systems, energy management systems and adaptive development plans to cater for future needs and promote a sustainable property ecosystem. Neutralised energy inflation and delivered more than 25% savings in electricity costs, significantly reducing business operating costs.
Drove the masterplan for RM9bn GDV Cyberjaya City Centre, a 53 acre flagship global technology hub complemented by green and sustainable elements.
Academic/Professional Qualifications
Working Experience/Occupation
Kit May started her career in the audit industry with Ernst & Young, where she gained audit and accounting experience. In 2001, she joined the UOA group of companies and was involved in various areas of the group’s property operations, including development, construction and investment. She was also actively involved in the successful listing of UOA REIT in 2005.
In 2006, Kit May joined ARMB and was promoted to Chief Financial Officer in 2008. In the same year, she spearheaded the project of converting Axis-REIT into the first Islamic Office/Industrial REIT in Malaysia. She continued to assume greater management responsibilities, and in November 2011, was appointed to the Board of the Manager as an Executive Director. As part of the Board’s succession plans, Kit May was groomed to become Chief Executive Officer (“CEO”) of ARMB. In preparation for this, she took on the position of Chief Operating Officer of ARMB in 2015, before assuming the role of CEO on 1 January 2016.
Kit May continues to lead Axis-REIT to new heights, as the Fund extends its leadership as an owner, manager and developer of industrial properties in Malaysia. She has successfully steered Axis-REIT through the pandemic, with the Fund recording continued growth and operational resilience. She has also been instrumental in driving the Fund’s portfolio expansion, particularly in property development, actively overseeing the sourcing, implementation and handover of three ‘built-to-lease’ projects to-date, with more in the pipeline.
Present Directorships in public companies and/or listed issuers
Awards received
Puan Zarina Halim, a Malaysian, female, aged 51, was appointed an Executive Director and Chief Corporate Officer of Hektar Asset Management, the management company for Hektar REIT, a real estate investment Trust listed on Bursa Malaysia on 1 February 2018. She is also a member of the Executive Committee of the Company.
Puan Zarina graduated from the University of Manchester, United Kingdom with a Bachelor’s degree in Accounting and Finance (Honours) and also holds a Bachelor of Laws (Honours) degree from the University of London. Puan Zarina is a member of the Institute of Corporate Directors Malaysia (ICDM) and Malaysian Institute of Corporate Governance (MICG). She is also a Registered Property Manager, governed by The Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVEAP), Malaysia.
Puan Zarina has almost 20 years of experience with the Hektar group, having been part of the founding team in 2002 and part of the management team responsible for the listing of Hektar REIT on Bursa Malaysia in December 2006. In her role as Chief Corporate Officer, she is responsible for the overall corporate and commercial affairs of the company of which Finance, Legal, Secretarial & Compliance, Strategy & Risk Management and Human Resource make up the main areas. She possesses a Capital Markets Services Representatives’ License (CMSRL) for REITs as a Licensed Director for the asset management company to carry on regulated activities specified under the Capital Markets and Services Act (CMSA). Prior to Hektar, she was formerly with the United Engineers Malaysia Berhad (“UEM”) Group of Companies for 9 years where she was initially involved in project management at Faber Hotels Holdings which culminated in the conversion of a series of Faber owned properties under the “Merlin” brand name to “Sheraton”. She then became Head of Corporate Affairs and Business Development in Prolink Development Sdn Bhd, the UEM Group’s subsidiary responsible for the development of Nusajaya. Her notable experience at Prolink included the implementation of corporate land sales to the value of over RM1 billion and the successful restructuring of Prolink’s debt obligations under Danaharta. She then moved on to head the Business Development unit at OptixLab Sdn Bhd and was mainly responsible for strategic marketing and ICT-related investments.
Tan Choon Siang is the Chief Executive Officer and Executive Director of CapitaLand Malaysia REIT Management Sdn. Bhd., the Manager of CapitaLand Malaysia Trust (CLMT). CLMT is a real estate investment trust with a diversified portfolio of assets strategically located in three key urban centres in Malaysia.
With over 20 years of experience in financial management, investments, corporate finance, treasury and investment banking, Choon Siang was formerly the Chief Financial Officer of Ascendas Property Fund Trustee Pte. Ltd., the trustee-manager of Ascendas India Trust, which is a business trust listed on the Main Board of the Singapore Exchange Securities Trading Limited. Prior to that, he oversaw Ascendas-Singbridge Group’s corporate finance and treasury activities across the region in his role as Head of Head of Corporate Finance & Treasury at Ascendas-Singbridge Pte. Ltd. He has also served as Vice President of Corporate Finance at Genting Singapore Limited, where he was responsible for the company’s investments, financing and treasury functions.
Between 2006 and 2011, Choon Siang was at Goldman Sachs in Hong Kong and Singapore where he was an Executive Director in the Securities Division. His experience also included stints in the Investment Banking Division at Deutsche Bank and the Ministry of Finance, Singapore.
Choon Siang holds a Master’s Degree in Economics and a Bachelor of Science in Economics from Massachusetts Institute of Technology.