COMPANY

Azalea Asset Management

OVERVIEW

Azalea Asset Management is a wholly-owned subsidiary of Temasek Holdings (Private) Limited ("Temasek") with an independent board and management.

Astrea III was a significant milestone that inaugurated Azalea’s mission to introduce investment products to make private equity accessible to a wider investor base.

Astrea IV continues this legacy by bringing retail investors closer to private equity through the Astrea IV PE Bonds.

Azalea is currently focused on further developing the Astrea platform, where it hopes to eventually make private equity products available to retail investors.

CORPORATE STRUCTURE - KEY CORPORATE ENTITIES


Azalea Asset Management Pte. Ltd.

Azalea Investment Management Pte. Ltd.
Management Company

Astrea Capital Pte. Ltd.
Sponsor of Astrea III Transaction

Astrea III Pte. Ltd.
Issuer of US$510m bonds in June 2016

Astrea IV Pte. Ltd.
Issuer of US$501m bonds in June 2018

BOARD OF DIRECTORS

Dr TEH Kok Peng

Chairman

Dr TEH Kok Peng is Senior Adviser of China International Capital Corporation Limited, a joint-venture investment bank listed on HKSE. Before his retirement in 2011, he was President of GIC Special Investments from April 1999 to June 2011. Prior to this, he was concurrently Deputy Managing Director of Monetary Authority of Singapore (MAS) and Deputy Managing Director of GIC. He began his career with the World Bank.

He is also the chairman of Lu International Pte Ltd as well as a board member of Sembcorp Industries Ltd, Fullerton Health Corporation and Taikang Life Insurance Co, Ltd. He also serves on the board of East Asian Institute, National University of Singapore. He is an Advisory Board Member/Adviser to CMC Corporation, Jasper Ridge Partners and Campbell & Lutyens.

Dr Teh did his undergraduate studies at La Trobe University, Melbourne, and his graduate studies at Oxford University.


Ms Margaret LUI-CHAN Ann Soo

Director

Ms Margaret LUI-CHAN Ann Soo is Chief Executive Officer and Executive Director of Azalea since 2015. She successfully led the team to complete the development and launch of the Astrea III PE bonds which are the first private equity based bonds to be listed on a major stock exchange.

Ms Lui-Chan was previously with Temasek since 1985 in various investment roles including private equity, portfolio management, corporate finance and restructuring roles. Her last appointment at Temasek was Senior Managing Director. In 2010, she was seconded to SeaTown Holdings Pte Ltd as its Chief Operating Officer. Subsequently in 2012, she joined another Temasek affiliate, Pavilion Capital Pte Ltd as its Chief Operating Officer. She was responsible for the start-up operations of both these investment management companies which are indirectly wholly-owned by Temasek.

She currently sits on the board of Sembcorp Industries Limited and chairs the Marine Services Supervisory Committee of PSA International. She also serves on the Board of Trustees and Finance Committee of the Singapore Institute of Technology and heads its investment committee. Ms Lui-Chan is also a member of the Singapore Exchange’s Listing Advisory Committee.

Ms Lui-Chan holds a Bachelor of Accountancy degree from the National University of Singapore. She attended the Advanced Management Programme at Wharton School of the University of Pennsylvania.


Mr Adrian CHAN Pengee

Director

Mr Adrian CHAN Pengee is Head of the Corporate Department and a Senior Partner at Lee & Lee.

He is a board member of the Accounting and Corporate Regulatory Authority and chairs its Panel of the Institute of Corporate Law. He is a member of the Legal Service Commission, the Pro-Enterprise Panel and serves as an independent director on several SGX-listed companies. The SGX has appointed him to the Catalist Advisory Panel to review Catalist Sponsor and Registered Professional applications and he was also the First Vice-Chairman of the Singapore Institute of Directors. He is a Council member of the Law Society of Singapore.

Mr Chan holds a Bachelor of Laws from the National University of Singapore.


Mr Kunnasagaran CHINNIAH

Director

Mr Kunnasagaran CHINNIAH retired in September 2013, as the Managing Director/Global Co-Head of Portfolio, Strategy & Risk Group with GIC Special Investments, the private equity arm of GIC. He joined GIC in 1989 and has held various positions with the Special Investments Department of GIC in their North American, European and Asian regions, including Regional Manager of the North America and European Divisions of the Special Investments Department. From 1997 to 2008, he was responsible for private equity investments in Asia.

His present appointments include being a director of Changi Airport International, Keppel Infrastructure Fund Management and some companies in India. He is also a member of the Hindu Endowments Board in Singapore.

Mr Chinniah is a Chartered Financial Analyst and holds a Bachelor’s Degree in Electrical Engineering from the National University of Singapore and a Master of Business Administration from the University of California, Berkeley.


Mr KAN Shik Lum

Director

Mr KAN Shik Lum spent 33 years with DBS Bank Ltd., of which 28 years were corporate finance-related. After helping to build DBS Bank Ltd.’s Capital Markets franchise in Singapore and Hong Kong, he retired from DBS Bank Ltd. on 31 May 2015.

Mr Kan is currently a Non-executive Independent Director of Mapletree Commercial Trust Management Ltd and a member of its Nominating and Remuneration Committee.

Mr Kan holds a Masters of Arts degree in Economics from Queen’s University, Canada.


Mr Alan THOMPSON

Director

Alan Thompson is currently Head, Private Equity Fund Investments, and Senior Managing Director, Enterprise Development Group at Temasek International. Alan was previously Managing Director, Portfolio Management, and Managing Director, Telecommunications and Media. He was also based in Sao Paulo for several years as Managing Director, Latin America while he established Temasek’s offices in Latin America.

Prior to joining Temasek in 2004, he was a Partner at Stern Stewart & Co, where he led numerous client engagements on managing for shareholder value across a wide range of industries in Southeast Asia, Australia and South Africa.

Alan previously worked in the private equity fund of a large banking group in South Africa, and had ten years of operational experience in the high-tech sector in South Africa, spanning software engineering, systems engineering and executive management roles.

Mr Thompson holds an MBA, a Graduate Diploma in Engineering and a B.Sc. Engineering (Electrical) degree, from the University of the Witwatersrand in Johannesburg, South Africa.


Mr WONG Heng Tew

Director

Mr WONG Heng Tew is currently an Advisory Director with Temasek International Advisors.

He joined Temasek in 1980 and over the next 27 years of his career his responsibilities included investments (direct, funds, listed and private equity), divestments, mergers and acquisitions, restructuring of companies, and corporate governance. He retired from Temasek in 2008 as Managing Director (Investments) and Temasek’s Chief Representative in Vietnam.

He holds directorships in local and overseas companies such as Heliconia Capital Management, Mercatus Co-operative, and ASEAN Bintulu Fertilizer.

Mr Wong holds a Bachelor of Engineering degree from the University of Singapore and has completed the Program for Management Development at Harvard Business School.


Azalea Investment Management Pte. Ltd.

The Senior Management and the rest of the staff are housed under the management company, Azalea Investment Management Pte. Ltd..

Senior Management

Ms Margaret LUI-CHAN Ann Soo

Chief Executive Officer

Ms Margaret LUI-CHAN Ann Soo is Chief Executive Officer and Executive Director of Azalea since 2015. She successfully led the team to complete the development and launch of the Astrea III PE bonds which are the first private equity based bonds to be listed on a major stock exchange.

Ms Lui-Chan was previously with Temasek since 1985 in various investment roles including private equity, portfolio management, corporate finance and restructuring roles. Her last appointment at Temasek was Senior Managing Director. In 2010, she was seconded to SeaTown Holdings Pte Ltd as its Chief Operating Officer. Subsequently in 2012, she joined another Temasek affiliate, Pavilion Capital Pte Ltd as its Chief Operating Officer. She was responsible for the start-up operations of both these investment management companies which are indirectly wholly-owned by Temasek.

She currently sits on the board of Sembcorp Industries Limited and chairs the Marine Services Supervisory Committee of PSA International. She also serves on the Board of Trustees and Finance Committee of the Singapore Institute of Technology and heads its investment committee. Ms Lui-Chan is also a member of the Singapore Exchange’s Listing Advisory Committee.

Ms Lui-Chan holds a Bachelor of Accountancy degree from the National University of Singapore. She attended the Advanced Management Programme at Wharton School of the University of Pennsylvania.


Mr CHUE En Yaw

Managing Director and Head of Private Equity Funds

Mr CHUE En Yaw is the Managing Director and Head of Private Equity Funds at Azalea Investment Management Pte. Ltd.. Prior to joining the Manager on 1 January 2018, Mr Chue was seconded from Temasek to the Azalea Group from January 2016 to December 2017. He was concurrently the Head of Private Equity Funds at Fullerton Fund Management Company Limited upon the successful launch of the Astrea III transaction in June 2016. Mr Chue was deeply involved in the Astrea III transaction.

Prior to joining the Manager, Mr Chue was a senior member of the Private Equity Fund Investments team with Temasek. He covered fund relationships in Asia as well as global secondaries. Mr Chue also played a key role in the launch of the Astrea II transaction in 2014. Prior to joining Temasek, he was with Standard Chartered Private Equity and JAFCO (Asia) Investment for almost 10 years. He started his career as an auditor with Arthur Andersen LLP. Mr Chue is a Chartered Accountant and a CFA charterholder.


Ms Alisa CHHOA

General Counsel

Ms Alisa Chhoa is the General Counsel of Azalea Investment Management Pte. Ltd. Prior to joining the Azalea Group in 2017, Ms Chhoa has spent over 17 years in private practice in London and Sydney where she advised clients on secondary transactions, structuring and establishment of private capital funds, fund investments and co-investments across a number of asset classes. Ms Chhoa has worked in the private funds teams at Clifford Chance LLP, Proskauer and Macfarlanes LLP respectively and was Head of Greater China Practice at Macfarlanes LLP. She is qualified as a solicitor in England and Wales as well as in New South Wales, Australia.


Ms Emma OOI

Director

Ms Emma Ooi joined the Azalea Group in 2015. Previously, she was at Pavilion Capital where she was responsible for China private equity fund investments and direct co-investments and setting up the portfolio management systems. Before Pavilion Capital, she was with Temasek's China investment team where she covered private equity fund investment and direct investments in China. She first joined Temasek in 2006, and was part of the team that started Temasek's operations in Shanghai and developed strategic relationships to establish Temasek's footprint in the region. Ms Ooi holds a Bachelor of Applied Science (Honours) degree from the National University of Singapore and an MBA from INSEAD.


Team

Mr Justin KEH

Associate Director


Ms Celine KOH

Associate Director


Ms SOH Hanni

Associate Director


Mr LIM Jun Jie

Senior Associate


Mr Ian LOKE

Senior Associate


Ms GOH Wuan Chin

Associate


Mr WAN Ging Ting

Associate