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Ascendas-Singbridge CEO to join A-Reit board in reshuffle

A BOARD reshuffle at industrial landlord Ascendas Real Estate Investment Trust (A-Reit) will see the head honcho of urban solutions provider Ascendas-Singbridge coming onboard as vice-chairman.

Miguel Ko, group chief executive officer of Ascendas-Singbridge, will be appointed a non-executive director on A-Reit's board on Jan 1, the Reit said in a press release on Wednesday morning.

Mr Ko will also be vice-chairman of the board, chairman of the investment committee and a member of the nominating, human resources and remuneration committee.

He will take over these three roles from Manohar Khiatani, who will relinquish them but remain a member of the investment committee. Mr Khiatani will also continue to sit on the operational risk management committee.

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Another board member Teo Eng Cheong, who will become CEO (International) of Surbana Jurong on Jan 1, will be redesignated from independent director to non-executive director with effect from that date, A-Reit said. Mr Teo, who was formerly CEO of trade agency IE Singapore, will also step down from the investment committee on Jan 1 but remain part of the audit committee.

After the various board changes, A-Reit's board will have 10 members, of which six, including chairman Koh Soo Keong, will be independent directors.