Our EXCO

Jerry is Managing Partner of Allen & Gledhill LLP.

Jerry has been practicing as a corporate lawyer since 1993. Jerry’s main areas of practice cover capital markets, mergers and acquisitions, and investment funds; and he has advised on numerous international and domestic transactions. Jerry joined the Firm as a Partner in 2001 from an international firm in Hong Kong.

Jerry heads the Firm’s REITs Practice and Investment Funds Practice. He was formerly Co-Head of the Financial Services Department, Deputy Managing Partner and Joint Managing Partner of the Firm prior to assuming the current role of Managing Partner.

Jerry is the leading authority on REITs and business trusts, and has been involved in the listing of almost all the REITs and business trusts in the Singapore market. He was the lead counsel of Hutchinson Port Holdings Trust in the largest IPO in South-east Asia to-date. Jerry has also been involved in almost all the secondary offerings and convertible bond issues by Singapore REITs and business trusts. He has further advised on a number of REIT listings in Malaysia as international counsel. 

Jerry regularly advises on M&A and private equity transactions, establishment of private funds, complex securitisation and structured finance transactions, and corporate governance. Jerry advised several REIT mergers including the merger of OUE Commercial Real Estate Investment Trust and OUE Hospitality Trust, the merger of Frasers Logistics & Industrial Trust and Frasers Commercial Trust, and the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust.

Jerry is cited as a leading practitioner in Chambers Global, Chambers Asia-Pacific, IFLR1000, The Legal 500 Asia Pacific and Who’s Who Legal. He has also been recognised as a thought leader by Who’s Who Legal and a market leader by IFLR1000 Asia-Pacific.

Jerry was the former Co-Chair of the Securities Law Committee of the International Bar Association (IBA) and is now a member of its Advisory Board. Jerry is the Secretary of the REIT Association of Singapore, a fellow of the Singapore Institute of Arbitrators and an editorial board member of Business Law International. Jerry currently serves as a director of the National Kidney Foundation and the Singapore Land Authority. He also serves as a member of the Nee Soon Town Council and Chairman of its Legal and Contracts Committee.  

Jerry is actively involved in community work and is passionate about helping the poor and needy.

Tze Wooi is the Chief Executive Officer and Executive Non-Independent Director at CapitaLand China Trust Management Limited.

CapitaLand China Trust (CLCT) is Singapore’s largest China-focused real estate investment trust (REIT). Since joining CLCT in 2017, Tze Wooi doubled CLCT’s total assets, expanded the REIT mandate to include multi-asset classes and increased CLCT’s geographic diversification to 12 Tier 1 and leading cities in China.  Tze Wooi works with the Board to determine the REIT’s strategy, craft the investment and business direction as well as oversee the day-to-day management for CLCT. He has over 25 years of experience in real estate, investment & asset management, corporate banking, credit and auditing in Singapore and China. Over the last 18 years, Tze Wooi held several senior executive positions within CapitaLand, where he was the Regional General Manager of North China for CapitaLand Mall Asia, responsible for overseeing the operations of CapitaLand’s RMB20 billion assets in the region. Before joining CapitaLand, Tze Wooi was with Standard Chartered Bank as the Vice President, Wholesale Banking (Real Estate). He began his career in audit with KPMG. Tze Wooi holds a Bachelor of Accountancy (Honours) from Nanyang Technological University, Singapore and is a Chartered Financial Analyst (CFA) charter holder.

Jonathan is Managing Director, Head of Real Estate Asia North & Australia, Asia South and Head of ASEAN Coverage Investment Banking and has been with Citi for over 20 years. He has extensive experience in mergers and acquisitions and capital markets transactions advising on over 200 transactions over the past two decades.

Jonathan graduated with a Bachelor of Business Management (Summa Cum Laude) and a Masters in Applied Finance from the Singapore Management University.

Edwin has been with DBS since 2005 and is currently responsible for the capital markets business in the region. He is responsible for advisory and capital markets activities including structuring and executing equity fund raising activities for companies, REITs and Business Trusts.

In the REIT sector, he has been involved in numerous Initial Public Offerings and secondary fund raising in Singapore and in the region including the Philippines and Thailand, and in various sectors including hospitality, logistics, commercial and data centres. He has also been active with REITAS by speaking at their events as well as organise marketing events jointly with REITAS and DBS.

Edwin graduated from London School of Economics and Political Science with a Masters in Economics.

Mr. Chui is currently the Chief Executive Officer and Executive Director of ESR-LOGOS Funds Management (S) Limited, the Manager of ESR-LOGOS REIT.

Mr. Chui has more than 20 years of extensive real estate experience, particularly in the REIT sector, across property investments and divestments, funds management and structuring, capital markets, acquisition financing, mergers and acquisitions, and property research.

Prior to joining the Manager, Mr. Chui was responsible for the Southeast Asia real estate business at Standard Chartered Bank. His experience in the REITs and Business Trusts market includes structuring cross border property investments and fund raising for REITs as well as property research. 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.

Richard is responsible for the overall business direction, investment strategies and operations of FCT. He leads the FCAM management team to ensure that FCT’s finance, investment, asset management, investor relations and other plans and initiatives are executed successfully.

Richard has over 30 years of experience in the Singapore and regional property markets, spanning the areas of marketing, investment, asset and REIT management. Prior to joining Frasers Property, he was Executive Director, Asset Management, at PGIM (Singapore) Pte. Ltd. where he oversaw the portfolio asset management comprising retail and commercial properties in Singapore and Malaysia. Richard has held senior management appointments during his 14 years at the CapitaLand Group, including 10 years at CapitaLand Mall Trust (CMT) where he was part of the team that oversaw the initial public offering of CMT in 2002. At CMT, Richard was the Head of Asset Management, responsible for overall performance of CMT’s assets.

Richard holds a Bachelor of Science (Honours) degree in Estate Management and a Master of Science degree in Real Estate, both from the National University of Singapore.

Ms Ler Lily is the Chief Financial Officer of Mapletree Industrial Trust Management Limited (the “Manager”). Ms Ler is responsible for financial reporting, budgeting, treasury and taxation matters.

 Prior to joining the Manager, Ms Ler was the Head of Treasury and Investor Relations at Mapletree Logistics Trust Management Ltd. (the manager of Mapletree Logistics Trust) where she led the treasury team in treasury risk management, debt and capital management and oversaw the investor relations function since September 2009. She has served in different roles within the Sponsor since she joined in September 2001. Her last held position with the Sponsor was Vice President (Treasury).

Prior to joining the Sponsor, Ms Ler worked in Asia Food & Properties Limited for about four years and also spent three years as an external auditor with Deloitte & Touche LLP in Singapore.

Ms Ler holds a Bachelor of Accountancy (Honours) degree from the Nanyang Technological University, Singapore. She is a CFA charterholder and also a Chartered Accountant of Singapore.

Kelvin has served as the CEO of the Manager of Lendlease Global Commercial REIT since 2019. He leads the team and oversees the REIT business including investment, asset management, financial, investor relations and compliance.

Kelvin’s areas of expertise span REITs, private funds and capital markets. He has more than three decades of experience working on direct real estate investments and fund management. Prior to his appointment as the CEO, he was the Managing Director of Investment Management in Lendlease Asia, responsible for overseeing the performance of the Asia funds including asset management. Before joining Lendlease, he was the Chief Financial Officer at various REITs, where he played a pivotal role in managing the financial activities of the companies.

With a vision to be recognised as the leading Singapore-listed REIT in long-term value creation. Kelvin drives and leads the implementation of Lendlease Global Commercial REIT’s sustainability strategy. Since the listing of the REIT, it clinched first place in the GRESB ranking for four consecutive years as the Regional Sector Leader (Asia Retail). It was also awarded the Global Sector Leader for retail across listed and non-listed entities in 2023. The REIT scored the highest-tier 5-star GRESB rating for its ESG performance and strong leadership in sustainability, and “A” for Public Disclosure. Lendlease Global Commercial REIT’s top GRESB ranking is a testament to the Manager’s dedication to sustaining excellence and enhancing value to the REIT’s portfolio.

Kelvin is currently the co-chairperson of REITAS’ Sustainability Taskforce where he provides guidance to the association in helping its members to accelerate on their sustainability journey. He was also invited to the SGX and IMDA’s Thought Leaders Series to share his insights on innovation in the ESG space.

During his tenure as the CEO of the Manager, Kelvin was recognised as Best CEO at the Asia Pacific Best of the Breeds REITs Award 2023 and Executive of the year (Commercial Real Estate Trust) at the SBR Management Excellence Awards 2023. Under his leadership, Lendlease Global Commercial REIT bagged multiple accolades for outperforming industry standards in the Asia Pacific REITs sector. The accolades include SBR National Business Awards 2023, Best Retail REIT (Platinum) in the Asia Pacific Best of the Breeds REITs Awards 2023 and Best Sustainability-linked Loan Award (Singapore) at The Asset Triple A Sustainable Capital Markets Awards 2022.

Kelvin holds a Master of Business Administration from Universitas 21 Global. He is a Fellow of the Association of Chartered Certified Accountants and a member of the Institute of Singapore Chartered Accountants.

Mr Garing was appointed as the CEO and Executive Director of Cromwell EREIT Management Pte. Ltd. (the “Manager”) on 13 May 2019, after an interim period as Acting CEO from 3 September 2018.

As CEO, Mr Garing works with the Board to determine the strategy for Cromwell European REIT (“CEREIT”) and with the other members of the management team to ensure that CEREIT operates in accordance with the Manager’s stated investment strategy.

Mr Garing is also responsible for the overall day-to-day management and operations of CEREIT and works with the Manager’s investment, asset management, finance, investor relations, legal, risk and compliance teams to meet the strategic, investment, regulatory, sustainability and operational objectives of CEREIT.

Mr Garing has over 25 years of investment management, financial markets and accounting experience in the global real estate industry. Prior to his appointment to the Manager, he was the Chief Capital Officer of Cromwell Property Group, where he was a member of the global leadership team and was responsible for capital management and fund raising for capital markets.

A proven capital markets manager, investor and analyst, Mr Garing was previously a Managing Director of Bank of America (formerly Bank of America Merrill Lynch) APAC and Bank of America Australia. He was the global head of real estate research and the Chair of the bank’s APAC Recommendation Review Committee, managing around 130 equity analysts who evaluated and analysed approximately 1,200 companies spanning several asset classes and industry sectors across 12 APAC countries.

Prior to that, he held several senior roles at leading financial advisory firms and investment banks, including Bell Potter and Babcock & Brown. Notably, he was a Managing Director of UBS Australia, where he was also Co-Head of Global Real Estate Research.

Mr Garing holds a Bachelor of Commerce (Accounting and Finance) degree from the University of New South Wales and is a Fellow of CPA (Australia).

He is a member of the executive committee and Co-chair of Sustainability Taskforce of REITAS. He is also a member of the Singapore Institute of Directors and of the Hong Kong Institute of Directors.

Ronald Tan is the principal responsible for the marketing & business development of attracting Real Estate listings in particular REITs across global markets for Singapore Exchange (SGX) for the last 14 years, where it is now the largest Global REIT hub in Asia. He also leads a team that covers the listing of Infrastructure Business Trusts and Consumer & Services sector, coupled with a regional coverage of Thailand and Myanmar. Previously he also held geographical responsibility for listings from Malaysia, Middle East & Indonesia. He joined SGX in May 2006. Prior to joining SGX his career included positions with Singapore Telecommunications (SingTel) & International Enterprise Singapore (IE Singapore). In SingTel, he was responsible for commercial partnerships in Middle East & South Asia, while he covered international partnerships & international operations (Europe) in IE Singapore. He started his working career as a full time pastor in one of the largest church in Singapore. Mr Tan graduated with a Bachelor of Business Administration Honours (Second Upper) degree from the National University of Singapore in 1997.