Stamford Land Corporate Ltd

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Announcement Of Appointment Of A Manager Of The Issuer Or Any Of Its Principal Subsidiaries, Who Is A Relative Of A Director Or CEO Or Substantial Shareholder Of The Issuer

BackFeb 09, 2012
Appointment Details
Date of Appointment 09/02/2012
Name KIERSTEN OW YILING
Age 30
Country of principal residence Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process) Taking into account Ms Kiersten Ow YiLing's professional interest, aptitude, qualifications and work experience, management is of the view that she is well-suited to assume the managerial position of Manager, Treasury. Taking into consideration management's recommendations, the Directors have determined that Ms Kiersten Ow YiLing is suitable to assume such position, and is able to perform her duties and responsibilities that are in line with her role within the Group. The Directors have accordingly approved and endorsed the appointment. As Ms Kiersten Ow YiLing is:- i. the daughter of Mr Ow Chio Kiat, our Executive Chairman and substantial shareholder; ii. the niece of Mr Ow Cheo Guan, our Deputy Executive Chairman; and iii. the sister of Mr Ow Yew Heng, our Executive Director, each of Mr Ow Chio Kiat, Mr Ow Cheo Guan and Mr Ow Yew Heng abstained from all deliberations and proceedings of the Board, in relation to the proposed appointment.
Whether appointment is executive, and if so, area of responsibility Yes. As Manager, Treasury, Ms Kiersten Ow YiLing will assist the Chief Operating Officer (COO) with the management of the Group's Treasury functions, including the areas of corporate development, investor relations and financial/investment management. Ms Kiersten Ow YiLing will also assist the COO with major corporate initiatives and special projects, including feasibility studies on potential developments, investments and transactions. Since September 2011, Ms Kiersten Ow YiLing has been understudying and supporting the COO in the above areas, in a non-managerial role as Management Associate, Treasury.
Job Title Manager, Treasury
Working experience and occupation(s) during the past 10 years Sep 2011 - Feb 2012

Management Associate, Treasury

Sep 2010 - Aug 2011

Client Relationship Manager
Citibank Singapore Ltd

Prior to joining Stamford Land Corporation Ltd, Ms Kiersten Ow YiLing held the position of Client Relationship Manager with Citibank Singapore Ltd, where she was responsible for establishing and managing long-term and profitable wealth management relationships, assessment and development of financial products and client investment opportunities, client advisory services, as well as formulating, implementing and monitoring client investment strategies and portfolios.

Ms Kiersten Ow YiLing holds a Bachelor of Social Science from the Singapore Management University, where she majored in Political Science. She also holds a Diploma in Mass Communications from the University of Technology, Sydney.
Shareholding in the listed issuer and its subsidiaries 14,341,000 (1.66% of issued share capital) in Stamford Land Corporation Ltd
Family relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries Ms Kiersten Ow YiLing is :-
i) the daughter of Mr Ow Chio Kiat, our Executive Chairman and substantial shareholder;
ii) the niece of Mr Ow Cheo Guan, our Deputy Executive Chairman; and
iii) the sister of Mr Ow Yew Heng, our Executive Director.
Conflict of interest Nil
Other Directorship
Past (for the last five years) Nil
Present Rainbow Aviation Pte. Ltd.
Sir Stamford Hotel (Australia) Pty Ltd
Satu Kosong Pty Ltd
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
  (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
  (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
  (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
  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?