AIMS Apac Real Estate Investment Trust : O5RU 0%’s (Reit) manager has appointed Vivienne Yu as non-executive independent director with effect from Feb 1, it announced on Wednesday (Feb 1).  

The announcement was made on the same day and the manager said Yu will also join the audit, risk and compliance committee, as well as the nominating and remuneration committee as a member.

The incoming independent director is currently the executive director of financial services company KVB Global Markets Australia. She is also the non-executive director in several organisations in Australia, including the Australia China Business Council New South Wales, National Foundation for Australian Women and Bridge Housing. 

Yu has more than 20 years of experience in leadership and management roles within the banking and financial services sector in Australia and Asia, the Reit manager said. 

She was previously the China chief executive and executive general manager of Commonwealth Bank of Australia, and temporarily the deputy chief executive of Bank of Hangzhou. 

“(Yu’s) proven leadership abilities, extensive experience in investments, banking and finance and strong credentials in China and Australia, will provide the board and management with invaluable commercial and governance perspectives,” said the manager’s chairman George Wang. 

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Units of Aims Apac Reit closed at S$1.37 on Tuesday, down 0.73 per cent or S$0.01.