CitySpring

Mr Au Yeung Fai
Chief Executive Officer and Director
CitySpring Infrastructure Management Pte. Ltd.

Prior to joining the Trustee-Manager, Mr Au Yeung was with Barclays Bank Group, JP Morgan and more recently, CK Life Sciences Int’l, Inc. (“CK Life Sciences”) which is part of the Cheung Kong Group. During his 17 years in the banking industry, Mr Au Yeung led many transactions in the infrastructure, power and utilities sectors in Asia, Australia, Europe and North America and also advised a number of Asian governments on their privatisation plans for the power industry and also advised a number of Asian utility and infrastructure companies on their merger and acquisition plans, including the first merger of two listed Chinese power companies. He arranged a number of innovative structured/non-recourse financing for infrastructure projects throughout Asia and Europe. In addition, Mr Au Yeung had executed investment banking mandates for several of Singapore’s leading infrastructure and utility companies.

At CK Life Sciences, Mr Au Yeung was responsible for setting and executing the company’s acquisition strategy as well as actively managing the portfolio companies acquired. He also served on the board of directors for many of these companies.

Mr Au Yeung read Mathematics and graduated from St. Catharine’s College, Cambridge University, in 1987. He obtained his Master of Arts from Cambridge University in 1991 and became an Associate of the Chartered Institute of Bankers in the same year.

Tong Yew Heng
Chief Financial Officer
CitySpring Infrastructure Management Pte. Ltd.
Chief Executive Officer SingSpring Pte. Ltd.

Prior to joining the Trustee-Manager, Mr Tong was with Temasek Holdings (Private) Limited (“Temasek”) for 11 years from 1995 to 2006 where he held various positions, including as a director of investments (energy and resources) where he led a team responsible for sourcing, evaluating and making investments in the energy and resources sector.

Mr Tong’s experience in Temasek includes stewardship of companies in Temasek Group, direct investments, investments in private equity funds, mergers and acquisitions, privatisations and divestments.

Mr Tong graduated in 1988 with a Bachelor of Engineering (Hons) degree from the University of Strathclyde (United Kingdom) and holds a Master of Business Administration from the Nanyang Technological University. He also attended the Programme for Executive Development at the International Institute of Management Development, Switzerland in 2000 and is a member of the Institute of Certified Public Accountants of Singapore.

Mr Tong is currently responsible for the finances and investments of CitySpring. He focuses on the financial performance and the key performance indicators to facilitate the effective management of CitySpring as well as assist the Chief Executive Officer with regard to investment strategies and regulatory compliance issues. He is also responsible for investor relations and corporate communications, statutory reporting, liaison with SGX-ST and the Monetary Authority of Singapore and other regulators on regulatory issues.

Susanna Cher Mui Sim
Vice President (Finance and Corporate Services)
Company Secretary
CitySpring Infrastructure Management Pte. Ltd.

Prior to joining the Trustee-Manager, Ms Cher was the Chief Financial Officer of Singapore publicly listed healthcare company, Thomson Medical Centre Limited (“TMC”). Ms Cher also managed the Patient Service Centre, Business Office, Management Information Systems, Central Supplies Departments and assisted with handling of Investor Relations. She was a key team member who contributed to TMC’s listing on SGX-ST, SESDAQ in 2005.

Prior to joining TMC, Ms Cher was the Group Management Accountant of Wearne Brothers Management Services Pte. Ltd., the management arm of WBL Corporation Limited, a company listed on the Mainboard of the SGX-ST.

Ms Cher graduated from the National University of Singapore in 1982 with a degree in Accountancy and is a member of the Institute of Certified Public Accountants of Singapore.

Ms Cher is currently responsible for all aspects of financial reporting and treasury activities, including distribution planning, cash management, financial risk management, co-ordinating with external auditor, managing tax affairs and any other finance-related management issues. In addition, she handles the human resources and administration functions and is also the Joint Company Secretary.

Jacqueline Ong
Vice President (Investments)
CitySpring Infrastructure Management Pte. Ltd.

Ms Ong was the Vice President (Investments) and Economist with AIMAC for about eight years prior to joining the Trustee-Manager. AIMAC is an infrastructure fund management company which manages a US$400 million infrastructure fund with focus on the Asian infrastructure industries like power, water/waste, roads/logistics, telecommunications and urban development. Ms Ong was responsible for deal-sourcing, due diligence, deal finalisation, post-investment management and divestments. She also provides analysis of country/sector development in areas of interest.

She was previously a Senior Regional Economist with IDEAglobal which has offices in Singapore, London, New York and provides independent economic research and market analysis worldwide. Ms Ong helped lead the emerging market research team in macroeconomic analysis and formulating strategies. She is also well-versed in conducting seminars/ talks for the banking community on various economic issues.

As a member of the Trustee-Manager, Ms Ong is responsible for the sourcing, evaluation, execution and post-investment management of infrastructure investment projects.

Gerry Chan
Vice President (Investments)
CitySpring Infrastructure Management Pte. Ltd.

Mr Chan held various investments and corporate finance positions in Asia’s leading infrastructure companies, including PSA International and Singapore Changi Airport prior to joining the Trustee-Manager. He has extensive experience in evaluating and structuring infrastructure investments.

Most recently, Mr Chan headed the finance/corporate finance function of a Beijing-based environmental protection company. Mr Chan successfully led a US$600 million fund raising for the company's portfolio of environmental infrastructure assets and was instrumental in establishing the company's investment processes and various board committees.

Mr Chan is a Chartered Financial Analyst and obtained a First Class Honours in Accountancy, as well as a Master of Business degree from Nanyang Technological University, Singapore.

His current key responsibilities include sourcing, screening, structuring and execution of infrastructure investments for CitySpring.