Mapletree Commercial Trust has appointed former OCBC group CEO Samuel Tsien (picture) as a non-executive director.
Tsien, is already a non-executive of Mapletree Investments, MCT’s sponsor. He is also on the board of Jardine Cycle & Carriage and the Singapore Exchange.
Prior to OCBC, Tsien had extensive experience holding other senior positions with banks in Hong Kong and US.
MCT is poised to merge with Mapletree North Asia Commercial Trust to form Mapletree Pan Asia Commercial Trust (MPACT).
The enlarged REIT will have a significantly increased footprint in Greater China, with the addition of assets such as the Festival Walk mall in Hong Kong, as well as the Gateway Plaza and Sandhill Plaza in Beijing.
With Tsien joining MCT’s board, there will be a total of 13 directors.
See also: OCBC China appoints Seth Tan new head of corporate banking
MCT closed July 5 at $1.80, down 1.64% for the day.
