HUTCHISON PORT HOLDINGS TRUST Singapore, 2 December, 2015 - Hutchison Port Holdings Trust ('HPH Trust') is pleased to announce the appointment of Mr. Wong Kwai Lam as independent non-executive director with effect from today. Mr. Wong Kwai Lam will replace Prof. Frederick Ma Si Hang who retires from the board with effect from today due to his other business engagements and commitments which require more of his time and attention.
Mr. Canning Fok, Chairman of the Board, said, 'On behalf of the board, I would like to welcome Mr. Wong who has a wealth of experience in the commercial and investment banking industry. I would also like to thank Prof. Ma for his valuable advice and contribution to the HPH Trust during his tenure.'
Following the appointment of Mr. Wong Kwai Lam, HPH Trust will have nine directors, five of whom are independent non-executive directors.
Biographical Information
Mr. Wong Kwai Lam
Independent Non-executive Director
Mr. Wong has over 33 years of experience in the commercial and investment banking industry. He worked with Merrill Lynch (Asia Pacific) Ltd. from May 1993 to August 2009 where he served as a Managing Director in its Asia Investment banking division from January 1995. He was appointed as a Senior Client Advisor to Merrill Lynch (Asia Pacific) Ltd. in September 2009 and served in that capacity for one year. Prior to joining Merrill Lynch (Asia Pacific) Ltd., Mr. Wong was a Director in the investment banking division of CS First Boston (Hong Kong) Ltd. and a Director and the head of primary market at Standard Chartered Asia Limited.
Mr. Wong holds a BA degree from the Chinese University of Hong Kong and a Ph.D degree from Leicester University, England. He was conferred with an honourary fellowship by the Chinese University of Hong Kong.
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HPH Trust is a container port business trust listed in Singapore.
The portfolio of HPH Trust consists of interests in deep-water container port assets located in Hong Kong and Shenzhen, the People's Republic of China, two of the world's busiest container port cities, as well as certain port ancillary services and the economic benefits of river ports complementary to the deep-water container ports operated by HPH Trust.
The investment mandate of HPH Trust is principally to invest in, develop, operate and manage deep-water container ports in the Guangdong Province, Hong Kong and Macau, one of the world's largest trading hubs by throughput.
HPH Trust is managed by Hutchison Port Holdings Management Pte. Limited, with the key objective of providing unitholders with stable and regular distributions as well as long-term distribution per unit growth.
For more information, please contact: Anthony Tam
Group Corporate Affairs HPH
Tel: (852) 2619 7557
Fax: (852) 2619 7313
E-mail: gca@hph.com
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