[SINGAPORE] The manager of Parkway Life Real Estate Investment Trust (Reit) has appointed a new chairman and an independent director to its board, it said on Friday (Oct 17).
Robin Hu, Asia chairman at Milken Institute and advisory senior director at Temasek, has been appointed chairman. The 67-year-old has been on the board of Parkway Life Reit’s manager as independent director since July 2025.
Hu succeeds Ho Kian Guan, 80, who will retire as independent director and chairman effective Oct 20.
The manager also appointed Eng-Kwok Seat Moey, 66 – a veteran banker who was formerly group head of capital markets at DBS – as independent director, effective Oct 20.
Eng-Kwok will succeed Cheah Sui Ling, 53, as chairperson of the audit and risk committee, upon Cheah’s retirement from the board after a nine-year term.
The manager said that Hu brings extensive investment, sustainability and convention sector experience from regional and global organisations.
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He is known for his expertise in advancing digital transformation, navigating geopolitical complexities, and sustainability policy development and programming in the region, it added.
Hu is also Singapore’s ambassador to Timor-Leste, and chairman of Mandai Nature’s board.
Meanwhile, Eng-Kwok has deep capital markets expertise and extensive experience in Reits, the manager said.
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“Eng-Kwok has shaped the capital markets at DBS and is recognised for bringing strategic insight and bold execution to Singapore’s financial sector,” it added.
Furthermore, the manager noted that independent director Theresa Goh, 63, has been chairman of the nominating and remuneration committee since Feb 21, 2025.
This came after the retirement of Dr Jennifer Lee, 72, who was an independent director and chairperson of the nominating and remuneration committee.
Goh is known for her strategic insight into organisational development and responsible performance, the manager said.
“Board diversity, independence and proven leadership remain cornerstones in safeguarding unitholder interests and delivering long-term value,” it stated.
Units of Parkway Life Reit closed 0.5 per cent or S$0.02 higher at S$4.15 on Friday, before the announcement.
