The board of directors of Kowloon Development Company Limited announced that Mr. Hsu Duff Karman has been appointed as an Independent Non-executive Director and member of the Audit Committee and the Remuneration Committee of the Company with effect from 1 August 2022. Mr. Hsu, aged 54, is the chief executive officer of UOB Kay Hian (Hong Kong) Limited ("UOBKH"), an indirect subsidiary of UOB Kay Hian Holdings Limited, a leading regional financial services group headquartered in Singapore. It is engaged in securities brokerage services (both institutional and retail), private wealth management, equity capital markets and corporate finance advisory.

UOBKH is independently managed and about 40% indirectly owned by United Overseas Bank Group. He joined UOBKH in January 2012. Mr. Hsu has over 30 years of experience in the finance industry with various established financial institutions.

He was head of corporate finance with Cazenove Asia Limited in 1996 and was made partner at Cazenove & Co. Plc in 2001. He was subsequently appointed as managing director of JP Morgan Cazenove.

In 2009, Mr. Hsu was appointed as managing director, head of equity corporate finance at Standard Chartered Bank (Hong Kong) Limited. Mr. Hsu was a board member on the Asia Advisory Board of University of Melbourne, from 2016 to 2021. He was also a director of Pok Oi Hospital, one of the largest charitable organizations in Hong Kong, from 2013 to 2015.

Mr. Hsu holds a Bachelor of Economics and Commerce degree from University of Melbourne, and qualified as a Chartered Accountant with KPMG Peat Marwick in Australia as well as a CPA with KPMG Peat Marwick in Hong Kong.