Change - Announcement of Appointment :: APPOINTMENT OF GROUP CHIEF RISK OFFICER - EDDIE PANG
Issuer & Securities
Issuer/ Manager
IFAST CORPORATION LTD.
Securities
IFAST CORPORATION LTD. - SG1AF5000000 - AIY
Stapled Security
No
Announcement Details
Announcement Title
Change - Announcement of Appointment
Date & Time of Broadcast
31-Jan-2022 13:28:35
Status
New
Announcement Sub Title
APPOINTMENT OF GROUP CHIEF RISK OFFICER - EDDIE PANG
Announcement Reference
SG220131OTHRZUQ6
Submitted By (Co./ Ind. Name)
Lim Chung Chun
Designation
Chairman/ Chief Executive Officer
Description (Please provide a detailed description of the event in the box below. Refer to the Online help for the format)
The Board of Directors of iFAST Corporation Ltd. (the "Company" together with its subsidiaries, the "Group") wishes to announce the appointment of Mr Eddie Pang Jian Jong ("Mr Eddie Pang") as Group Chief Risk Officer with effect from 1 February 2022.
Additional Details
Date Of Appointment
01/02/2022
Name Of Person
Eddie Pang Jian Jong
Age
40
Country Of Principal Residence
Singapore
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Board of Directors has confirmed the appointment of Mr Eddie Pang as Group Chief Risk Officer based on his qualification and working experiences.
Whether appointment is executive, and if so, the area of responsibility
The appointment is executive. Mr Eddie Pang is responsible for the Group's risk management framework, whose main role includes identifying and managing risk factors.
Job Title(e.g.Lead ID, AC Chairman, AC Member etc.)
Group Chief Risk Officer
Professional qualifications
Bachelor of Accountancy from Nanyang Technological University
Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/ or substantial shareholder of the listed issuer or any of its principal subsidiaries
NIL
Conflict of interests (including any competing business)
NIL
Working experience and occupation(s) during the past 10years
March 2019 to January 2022: Singapore Chief Risk Officer of iFAST Financial Pte Ltd February 2015 to February 2019: Director, Global Banking and Markets, Operational Risk Oversight, Bank of Nova Scotia March 2012 to February 2015: Assistant Director, Banking Department, Monetary Authority of Singapore
Undertaking submitted to the listed issuer in the form of Appendix 7.7 (listing Rule 704(7)) Or Appendix 7H (Catalist Rule 704(6))
Yes
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding Details
Deemed: 5,000 shares Mr Eddie Pang is deemed interested in 5,000 shares registered in the name of his personal SRS account opened with Development Bank of Singapore (DBS) Ltd Performance Shares Mr Eddie Pang has 33,200 performance shares under iFAST Corporation Performance Share Plan
#These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9) or Catalist Rule 704(8)
Nil
#Present
Nil
(a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filled against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner?
No
(b) Whether at any time during last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust,on the ground of insolvency
No
(c) Whether there is any unsatisfied judgment against him
No
(d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose?
No
(e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach?
No
(f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part?
No
(g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust?
No
(h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust
No
(i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity?
No
(j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:-
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
(i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or
No
(ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement govering such entities in Singapore or elsewhere; or
No
(iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or
No
(iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust?
No
(k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government, agency, whether in Singapore or elsewhere?
No
Any prior experience as a director of an issuer listed on the Exchange?
No
If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange
N/A