Board of Directors

Mr Boon Swan Foo was appointed as Manager Nominated Director and Chairman on 25 November 2009 and subsequently became Non-Executive Director and Chairman of the Company on 20 December 2011.

Mr Boon is the Executive Chairman of Singapore Consortium Investment Management Limited.

Mr Boon served as Chief Executive Officer and Deputy Chairman of ST Engineering Ltd for 3 years from October 1997 before moving on to serve as the Managing Director of Agency for Science, Technology and Research (A*STAR) and Executive Chairman of Exploit Technologies Pte Ltd, the commercial arm of A*STAR for 4 years and 8 years respectively. Mr Boon was the Chairman of ST Asset Management Ltd. from April 2010 to December 2011.

For his stewardship of ST Engineering Ltd, Mr Boon was conferred the Singapore Business Award for Outstanding CEO in 2000.

Mr Boon has extensive international board experience, having served as a director on the board of Intouch Holdings Plc (listed in Thailand), MIH Holdings Limited (South Africa), Dongfeng Motor Corporation (China), China National Offshore Oil Corporation, China Huadian Corporation (China),  China Baowu Steel Group Corporation Limited (China) and Orica Limited (listed in Australia). He also served on the board of several other listed and unlisted companies in Singapore.

Mr Boon served as senior advisor to Temasek Holdings and Temasek International Advisors Pte. Ltd. from time to time over the last two decades. He was also an advisor to the Dean’s Council of Harvard’s Kennedy School of Government (U.S.A.), Motorola Inc. Research Visionary Board (U.S.A.), Commercialisation Advisory Board of Imperial College (U.K.) and Advanced Institute of Science & Technology (Japan).

Mr Boon graduated from Newcastle upon Tyne with a degree in Naval Architecture. He is a member of the Institute of Singapore Chartered Accountants which in 2023 conferred on him the Distinguished Lifetime Membership Award. Mr Boon is a Senior Accredited Director of the Singapore Institute of Directors and also a Fellow of the Association of Chartered Certified Accountants (ACCA), U.K. He holds an MBA from the National University of Singapore and has completed Harvard’s Advanced Management Program.

Mr Abdul Jabbar Bin Karam Din was appointed to the Board on 7 January 2019 and was appointed as the Lead Independent Director on 1 January 2022.

Mr Jabbar is the Executive Committee Partner at Rajah & Tann Singapore LLP. He heads the firm’s Corporate and Transactional Practice. He regularly advises public listed and unlisted companies on corporate governance, compliance and regulatory matters.

Mr Jabbar served as the Lead Independent Director of Chip Eng Seng Corporation Ltd (now known as Acrophyte Pte. Ltd.) which was previously listed on the SGX-ST. Mr Jabbar also serves on the board as company secretary to numerous private and public listed and unlisted companies as well as several registered foreign companies with Singapore branches. He has also assisted multinational companies in setting up their headquarters in Singapore. Mr Jabbar is a Senior Accredited Director of the Singapore Institute of Directors.

Mr Jabbar graduated with a Bachelor of Laws (Honours) from the National University of Singapore.

Dr Lay Charlie Nhuc Hiang was appointed to the Board as an Independent Director on 26 June 2020.

Dr Lay is a senior economist for Commerzbank covering Asia based in Singapore. He has a broad range of experience in the Asian and G7 markets, having worked in various capacities in private and investment banking.

Dr Lay has covered Asia since 1997 in roles with Societe Generale as a regional economist and Credit Suisse Private Banking as an FX Strategist. Dr Lay began his career with the Australian Treasury in Canberra in the macroeconomic modelling division, responsible for forecasting the Australian economy.

Dr Lay holds a Masters in Economics from the Australian National University and a PhD in Business from the Singapore Management University. His thesis was on central bank digital currencies.

Mr Ng Thiam Poh was appointed to the Board as an Independent Director on 20 October 2021.

Mr Ng was the Head of Supply Chain of Sembcorp Marine Ltd between 2016 to 2020. As the Head of Supply Chain, he managed the global supply chain function and was responsible for global materials and equipment procurement, formulating effective sourcing strategies including category management, and establishing strategic alliances with suppliers.

Mr Ng was the Chief Risk Officer of Sembcorp Marine Ltd from 2004 to 2015. During his tenure, he worked with a dedicated Board Risk Committee and was responsible for establishing, developing and overseeing the risk management systems of Sembcorp Marine Ltd as well as evaluating any new and ongoing projects and investments.

Mr Ng was the Senior Vice President, Corporate Development of Sembcorp Marine Ltd from 2001 to 2003 where he was overseeing and developing the joint ventures, investments, risk management and supply chain functions.

Mr Ng started his career as a management trainee in Sembawang Shipyard. While he was with Sembawang Shipyard, Mr Ng held various positions including operations, project management, design, procurement and yard development up to the post of General Manager.

Mr Ng holds a Bachelor of Science in Naval Architecture & Ocean Engineering (First Class Honours) with Specialisation in Production Management from the University of Glasgow under the Singapore Overseas Merit Scholarship and a Diploma in Management Studies from the University of Chicago. He has also completed the Harvard Business School’s Programme in Management Development.

Ms Tan Mui Hong was first appointed as Deputy Chairman and Manager Nominated Director on 30 April 2010 and subsequently retired on 5 Nov 2013. She was appointed as a Non-executive and Non-independent Director on 1 July 2019. 

Ms Tan is the Executive Director and Chief Executive Officer of Singapore Consortium Investment Management Limited. She has more than 30 years of extensive experience in managing fund management and trust companies which invest in the full spectrum of financial instruments ranging from public equities, bonds, loans, asset backed securities, currencies to alternative investments such as private equity, hedge funds, derivatives and commodities. She was also involved in launching and managing collateralised debt obligations from 1998.

Ms Tan was the President and CEO of ST Asset Management Ltd (STAM) and Chairman of STAM’s Investment Committee from 2002 to 2019, during which STAM’s assets under management grew to more than SGD 6 billion by December 2016. Concurrently, Ms Tan was also the Executive Director of ST Trustees Ltd (established in 2005, holding a trust business licence from MAS) which offers fiduciary trust services. From February 2004 to August 2008, Ms Tan also held the positions of Group President & CEO of Vertex Venture Holdings Ltd and President & CEO of Vertex Management (II) Pte Ltd. 

Prior to STAM, Ms Tan spent 11 years with the Overseas Union Bank Limited (OUB) group which she joined in 1990 and last appointed as Senior Vice President (Fund Management). Ms Tan was appointed Executive Director & Chief Executive Officer of OUB Asset Management Ltd (a wholly-owned subsidiary of OUB) in 1994. 

Ms Tan served as a board member of China-Singapore Suzhou Industrial Park Development Group Co., Ltd and Chairman of its Audit Committee from August 2017 to October 2023.

Ms Tan holds a Bachelor of Accountancy (2nd Class Honours) from University of Singapore, Masters of Business Administration from National University of Singapore and Masters of Science (Business) from Nanyang Technological University, Singapore. She also completed the Advanced Management Program at Harvard Business School. Ms Tan is a member of the CFA Institute and is a Senior Accredited Director of the Singapore Institute of Directors. She was awarded Singapore’s National Day Public Service Medal in 2012.