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 is a significant milestone. It inaugurates Azalea’s mission to introduce investment products to make private equity accessible to a wider investor base.

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

BOARD OF DIRECTORS

Dr TEH Kok Peng

Chairman

Dr Teh Kok Peng was the President of GIC Special Investments Private Limited, the private equity arm of GIC Private Limited ("GIC"). Prior to this, he was concurrently Deputy Managing Director of the MAS and Deputy Managing Director of GIC.

Dr Teh serves on the boards of several companies, including OCBC Bank, Sembcorp Industries Ltd, Fullerton Health Corporation and Lu International. He is also a Member of the Board of Trustees of National University of Singapore and The Trilateral Commission.

He holds a First Class Honours in Economics from La Trobe University, Melbourne, and Doctorate in Economics at Nuffield College, Oxford University, England. He attended the Advanced Management Program at the Harvard Business School in 1989.


Ms Margaret LUI-CHAN

Director

Ms Margaret Lui-Chan is Chief Executive Officer of Azalea Investment Management Pte. Ltd. Prior to joining Azalea, she was Chief Operating Officer ("COO") of Pavilion Capital Pte. Ltd. and SeaTown Holdings Pte. Ltd. She was responsible for the start-up operations of both of these investment management companies, which are wholly-owned by Temasek.

Prior to the COO roles, Ms Lui-Chan was with Temasek since 1985 in various investment, portfolio management, corporate finance and restructuring roles. Her last appointment at Temasek was Senior Managing Director.

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 sits on the Legal Service Commission, serves on the board of the Accounting and Corporate Regulatory Authority and chairs its Panel at the Institute of Corporate Law.

He is the Chairman of Nobel Design Holdings Ltd and also serves on the boards of several other listed companies, such as Yoma Strategic Holdings Ltd, Ascendas Funds Management (S) Ltd, Global Investments Ltd and Hong Fok Corporation Ltd. He is also on the Catalist Advisory Panel and served as the First Vice-Chairman of the Singapore Institute of Directors. He is a member of the Pro-Enterprise Panel and is Chairman of the Corporate Practice Committee of the Law Society of Singapore.

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


Mr Kunna CHINNIAH

Director

Mr Kunna Chinniah was the Managing Director/Global Co-Head of Portfolio, Strategy & Risk Group with GIC Special Investments Private Limited, the private equity arm of GIC. He has also held various positions with GIC Special Investments in the North American, European and Asian regions and between 1997 to 2008, 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.

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 was with DBS Bank Ltd. for 33 years, spending most of his tenure in corporate finance related areas. He helped to build DBS Bank Ltd.'s Capital Markets franchise in Singapore and Hong Kong.

Mr Kan was a member of the working team supporting the Capital Markets Committee which was formed by the MAS in 2008. He also served as the inaugural Chairman of the Corporate Finance Standing Committee of the Association of Banks in Singapore. He was also a member of the SGX Disciplinary Panel.

Currently, he is a member of the Capital Markets & Financial Advisory Services Examination Board and serves as an independent director on the board of Mapletree Commercial Trust.

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


Mr Alan THOMPSON

Director

Alan Thompson is currently Managing Director, Private Equity Fund Investments, and 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 and a B.Sc. Engineering (Electrical) degree, both from the University of the Witwatersrand in Johannesburg, South Africa.


Mr WONG Heng Tew

Director

Mr Wong Heng Tew was with Temasek for 27 years and is currently an Advisory Director with Temasek International Advisors.

His responsibilities at Temasek included investments (direct, funds, listed and private equity), divestments, mergers and acquisitions, restructuring of companies, and corporate governance. He was also Managing Director (Investments) and Temasek's Chief Representative in Vietnam.

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

Mr Wong holds a Bachelor of Engineering degree from the University of Singapore and has attended 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

Chief Executive Officer

Ms Margaret Lui-Chan is Chief Executive Officer of Azalea Investment Management Pte. Ltd. Prior to joining Azalea, she was Chief Operating Officer ("COO") of Pavilion Capital Pte. Ltd. and SeaTown Holdings Pte. Ltd. She was responsible for the start-up operations of both of these investment management companies, which are wholly-owned by Temasek.

Prior to the COO roles, Ms Lui-Chan was with Temasek since 1985 in various investment, portfolio management, corporate finance and restructuring roles. Her last appointment at Temasek was Senior Managing Director.

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 En Yaw CHUE

Director

Mr Chue En Yaw is a director at Azalea and concurrently Head of Private Equity Funds at Fullerton. He joined Temasek in 2010 and was a senior member of the Private Equity Fund Investments team. He covered fund relationships in Asia as well as global secondaries and led the Astrea II and Astrea III transactions in 2014 and 2016. 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 Emma OOI

Director

Emma joined Azalea in 2015. Previously, she was at Pavilion Capital where she was responsible for setting up the portfolio management systems and administering China private equity fund investments and direct co-investments. 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 Alisa CHHOA

General Counsel

Ms Alisa Chhoa is the General Counsel of Azalea. Prior to joining Azalea in 2017, Alisa has spent over 15 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. Alisa 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.


Team

Ms SOH Hanni

Associate Director


Mr Justin KEH

Senior Associate


Mr LIM Jun Jie

Senior Associate


Mr WAN Ging Ting

Associate