The Manager

Board of Directors

ESR-LOGOS REIT's Board of Directors come from a wide range of backgrounds and offer a broad knowledge base. Together, they determine ESR-LOGOS REIT's strategy and direct its performance.

Ms. Stefanie Yuen Thio
Independent Chairperson

Independent Chairperson
Member of the Audit, Risk Management and Compliance Committee
Member of Nominating and Remuneration Committee

Date of appointment as Director : 29 March 2019

Ms. Stefanie Yuen Thio is the Joint Managing Partner of TSMP Law Corporation and heads its corporate practice. Admitted to the Singapore Bar in 1994, she has over 27 years of legal experience in mergers and acquisitions, equity capital markets, corporate transactions and regulatory advice. Her clients range from listed corporates to international companies, including in the logistics industry and REITs. She is regularly named by legal journals as a leading practitioner in her areas of specialisation.

Prior to her appointment, she served on the board of ARA Trust Management (CACHE) Limited, manager of Cache Logistics Trust for 9 years. She is currently an Independent Non-Executive Director of ARA Business Trust Management (USH) Pte Ltd, the manager of ARA US Hospitality Trust (BT Trustee Manager), and Independent Non-Executive Director of ARA Trust Management (USH) Pte Ltd, the manager of ARA US Hospitality Property Trust (REIT Manager) and chairs its audit committee, and an Independent Director of Singapore Medical Group Limited. Ms. Yuen Thio was appointed by the Monetary Authority of Singapore to the Corporate Governance Council 2017 to review the Code of Corporate Governance and is a Fellow of the Singapore Institute of Directors. From 2014 to 2017, she was a member of the Expert Panel, Centre for Cross-Border Commercial Law in Asia. She was also a member of the Singapore Governance and Transparency Index Advisory Panel from June 2016 to May 2018. Ms. Yuen Thio is a director of the Community Foundation of Singapore, an Institution of Public Character that promotes philanthropy in Singapore.

Ms. Yuen Thio holds a Bachelor of Law from The National University of Singapore. She is also an Advocate and Solicitor of The Supreme Court of Singapore.

Dr. Leong Horn Kee
Independent Non-Executive Director

Member of the Audit, Risk Management and Compliance Committee

Date of appointment as Director : 8 January 2019

Dr. Leong is the Chairman of CapitalCorp Partners Pte Ltd, a boutique corporate finance advisory company, which he founded in 2009. He was previously with the Far East Organization group from 1993 to 2008, serving as Managing Director of Orchard Parade Holdings Limited, Managing Director and Chief Executive Officer of Yeo Hiap Seng Ltd, and Executive Director of Far East Organization, where he was closely involved in the property development and management, including industrial properties. From 1977 to 1983, Dr Leong served in the Ministry of Finance and Ministry of Trade and Industry. He was a Member of Parliament for 22 years until 2006. He was also the Non-Resident Ambassador to Mexico from 2006 to February 2013. He is currently the Non-Resident High Commissioner to Cyprus since July 2014 and Non-Resident Ambassador to Argentina since September 2020.

Dr. Leong holds a Production Engineering (First Class Honours) degree from Loughborough University; an Economics Honours degree from London University, a Bachelor of Arts degree in Chinese Language and Literature from Beijing Normal University; a Master of Business Administration from INSEAD; a Master of Business Research degree and a Doctor of Business Administration from the University of Western Australia. He was a Colombo Plan Scholar and a French Government Scholarship holder.

Mr. Ronald Lim
Independent Non-Executive Director

Member of the Audit, Risk Management and Compliance Committee
Chairman of the Nominating and Remuneration Committee

Date of appointment as Director : 8 January 2019

Mr. Lim has more than 36 years of experience in the banking and finance industry. Mr. Lim was with United Overseas Bank Ltd (UOB) from March 1973 to November 2009 where he last held the appointment of Executive Director and Division Head of Commercial Banking in which the Bank is a leader in the SMEs market. Prior to the above and during his tenure with UOB, Mr. Lim had also held leadership appointments as Head of Human Resource and Head of Branches Division where he was involved in the management and development of human capital, its delivery channels and banking services. From November 2009 to October 2011, Mr. Lim was an Adviser to RGE Pte Ltd, a resource-based manufacturing group in the paper and pulp, palm oil and the oil and gas industries.

Mr. Lim holds a Bachelor of Social Science from the University of Singapore (currently known as the National University of Singapore).

Mr. Nagaraj Sivaram
Independent Non-Executive Director

Chairman of the Audit, Risk Management and Compliance Committee

Date of appointment as Director : 3 June 2022

Mr. Nagaraj Sivaram was an assurance partner in Ernst & Young, Singapore and retired from the firm on 30th June 2019 after 35 years with the firm. In his years with the firm, he served in various roles principally in the audit or assurance department. His audit experience over the years included the audit of listed companies and multinationals in the food and beverage, logistics and property industries. His business advisory experience included financial due diligence work for the Transaction Advisory Services group of the firm.

He was the technical partner for many years. As technical partner he advised other partners on complex accounting and auditing issues, conducted training and set policies relating to risk management for the assurance practice of the firm. He was a member of the Accounting Standards Council, the standard setter in Singapore for eight years.

He is currently a Board Member and Audit Committee Chairman of the Land Transport Authority, Singapore Institute of Technology, GK Goh Holdings Ltd and Singapore Turf Club.

Dr. Julie Lo Lai Wan
Independent Non-Executive Director
Date of appointment as Director : 1 November 2022

Dr. Lo is the General Counsel of National Healthcare Group (NHG) since September 2020. NHG is a public sector healthcare cluster and comprises numerous hospitals, specialty centres and polyclinics. She also participates in national initiatives and strategies including major reforms of the healthcare sector.

Prior to NHG, Dr. Lo was the Head of Legal & Contract Management Department of Integrated Health Information Systems (IHiS) from 2012 to 2019 and was also Head of Procurement from 2012 to 2017. IHiS is the technology arm for Singapore’s public healthcare sector. Before IHiS, she held various legal positions in healthcare and finance.

Dr. Lo holds a Bachelor of Laws from The University College London, London University, Master of Laws from The London School of Economics & Political Science, London University and a Doctor of Business Administration from University of South Australia. She is admitted to practise law in Singapore, England and New York.

Mr. Jeffrey Perlman
Non-Executive Director

Non-Executive Director
Member of Nominating and Remuneration Committee
Chairman of the Executive Committee

Date of appointment as Director : 18 January 2017

Mr. Perlman is based in Singapore, joined Warburg Pincus in 2006 and leads the firm’s investments in Southeast Asia. Additionally, Mr. Perlman focuses on real estate investments across the greater Asia- Pacific region. Prior to joining Warburg Pincus, he worked in the Real Estate Investment Banking Group at Credit Suisse.

He currently serves as the Chairman of ESR Cayman Limited (1821.HK) and also serves on the Board of Directors for ESR Cayman Limited, ESR Funds Management (ESR REIT), ARA Asset Management Holdings, Gojek, Lodgis Hospitality Holdings, Mofang Apartments, Nova Property Investment, NWP Retail, Trax Technology Solutions, Online Pajak, Momo, Weave Co-Living Cayman Limited, Asia Self Storage, Circles Asia Cayman Limited, and Princeton Digital Group Limited.

Mr. Perlman holds a Bachelor of Business Administration (BBA) from the Ross School of Business, University of Michigan.

Mr. Wilson Ang
Non-Executive Director

Non-Executive Director

Date of appointment as Director : 8 January 2019

Mr. Ang has extensive experience in real estate investment trust management, industrial property investment and consultancy services. He is currently the Group CEO of OT Group Pte Ltd responsible for steering the growth and strategic direction of the group of companies with businesses spanning across real estate agency, advisory and valuation. He co-founded Viva Industrial Trust Management Pte. Ltd. (“VITM”), the manager of Viva Industrial Trust (“VIT”) in 2012 where he served as the CEO and Executive Director of VITM in steering the growth and enhancing the value of VIT post its successful listing on the SGX-ST in November 2013 until its merger with ESR-REIT in October 2018.

Prior to his roles with VITM, Mr. Ang was the Consultant of Asia Industrial Services with Colliers International focusing on Industrial Investment Markets in Singapore and Asia, advising building owners, investors including REITs, private and institution funds on their real estate portfolio as well as servicing their real estate portfolio requirements across Asia. Mr. Ang also cofounded Cambridge Industrial Trust Management Limited (“CITM”), the manager of Cambridge Industrial Trust (“CIT”) in 2005 where he served as the Managing Director (Investment) and became CEO from 2007 to 2009. Prior to co-founding CITM, Mr. Ang was the Executive Director and Head of the Industrial Division at Colliers International (Singapore) Pte. Ltd.

Mr. Ang holds a Bachelor of Science (Estate Management) (Honours) from the National University of Singapore.

Mr. Trent Iliffe
Non-Executive Director

Non-Executive Director
Member of the Executive Committee

Date of appointment as Non-Executive Director : 1 July 2022

Mr Iliffe is the Managing Director & Co-CEO of LOGOS Property Group Limited and is one of the members in ESR Cayman Limited’s Management Business Leadership Team. He has an extensive property industry career spanning over 30 years across Asia Pacific, including 10 years as a co-founder of LOGOS.

Prior to joining LOGOS, as the Regional Director with LaSalle Investment Management, Mr Iliffe was responsible for Industrial real estate investment in China and the Asia Pacific where he negotiated Joint Ventures, Development Management, Asset Management and Sale and Purchase Agreements. He also established JLL’s China Industrial Business leading 60 staff in seven offices around China, transacting 260,000 sqm of projects and increasing revenue by over 800% during his time with the business.

Mr Iliffe’s career includes a highly successful span as the National Transaction Leader at Colliers International.

Mr. Adrian Chui
Chief Executive Office (“CEO”) and Executive Director

Chief Executive Officer ("CEO") and Executive Director
Member of the Executive Committee

Date of appointment as Director : 24 March 2017

Mr. Chui has more than 20 years of extensive real estate experience, across property investments and divestments, funds management and structuring, capital markets, acquisition financing, mergers and acquisitions, fund raising (across debt, equity-linked and equity) and property research in Singapore, Australia and Japan. He was the pioneer in leading and structuring of Singapore’s first ever REIT merger in 2018.

Prior to joining the Manager, Mr. Chui was responsible for the Southeast Asia real estate business at Standard Chartered Bank. His deal experience across private funds, REITs and Business Trusts market includes structuring cross border property investments, fund raising and sell-side property research in industrial, logistics, hospitality, office, retail and healthcare. He was formerly with Morgan Stanley Asia (Singapore) Securities Pte Ltd, where he was the lead property research analyst responsible for Singapore listed REITs and property companies. He has also held management roles with CapitaCommercial Trust Management Limited and was part of the pioneer management team at Ascendas Funds Management (S) Limited. He is also an Exco member of REITAS.

Mr. Chui holds a Bachelor of Business from Nanyang Technological University, Singapore.