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Regional Investments, Treasury at Mapletree

Work History

Aug 2011Present

Senior Manager, Regional Treasury

Mapletree Investments Pte. Ltd. ("Mapletree or Group")

Currently managing 2 portfolios - Public Listed REIT ("REIT") and Private Equity Fund ("PE Fund") 

  • Highly involved in the IPO of Singapore’s biggest REIT in 2013 - S$4.2 billion Mapletree Greater China Commercial Trust and the successful closing of the largest ever China-focused real estate private equity fund - US$1.4 billion Mapletree China Opportunity Fund II in 2013.
  • Conducted due diligence on the REIT's S$400mil acquisition of Sandhill Plaza (Beijing) in June 2015 and was responsible for the entire transaction flow mechanism for the offshore acquisition.

Financing via Banks and Debt Capital Markets

  • Initiated and raised S$1.35 billion of bank debt and bonds to refinance existing loans, finance acquisitions and working capital. Loan book was more than 2.5x oversubscribed.
  • Improved debt maturity profile and achieved reductions in loan margins by 10 to 15% for new bank debts, lowering total interest cost in both portfolios.
  • Successfully negotiated 25 loan and ISDAs documents.
  • Constantly surpassed timelines for completion, reducing legal fees for the company.
  • Established a close and wide network of banks and legal firms in Asia.

Interest Rate and Foreign Exchange ("FX") Hedging Strategies

  • Monitored interest and FX rates on a daily basis and analyzed macroeconomic trends to recommend hedging strategies to the Group Treasurer and REIT CFO.
  • Worked closely with REIT CFO to enhanced fixed-debt profile of the REIT from 71-80%, to minimize interest rate risks and cost for the REIT.
  • Advised REIT CFO on FX hedges to manage currency risks due to foreign income from REIT assets.
  • Consistently outperformed REIT CFO’s targets by executing interest rate swaps and foreign currency hedges at better than stipulated rates, achieved through sound fundamental and technical analysis.

 Treasury Operations

  • Single-handedly manage the treasury operations of REIT and PE Fund including loan administrations, cash and liquidity management.
  • Refined treasury framework to improve operational efficiency and turnaround time for deliverables.
  • Collaborated with finance teams to ensure timely and accurate reporting.
  • Work closely with portfolio management, investments, tax and finance teams for funding requirements of the 2 portfolios.

 Reporting and Financial Modeling

  • Prepared and delivered presentations to C-Suite on a monthly basis to report treasury positions and recommend funding and hedging strategies for the REIT and PE Fund.
  • Redesigned existing financial models to budget and forecast the Group’s treasury requirements such as funding, interest expense, currency exposures and cash positions.
  • Enhanced financial model resulted in ease of assessing large data from several angles to yield meaningful data analysis.
  • Model was used to forecast the Group’s annual, 3-year and 5-year funding requirements from 2013 to 2015.
Nov 2010May 2011

Associate Vice President, Proprietary Trading

CIMB Securities Singapore
  • Actively day-traded in securities listed on the SGX-ST and Catalist, especially blue chip stocks
  • Skilled in Fundamental and Technical analysis
  • Ability to process and extract information from multiple news and analyst reports to generate long-short trade ideas
Mar 2008Oct 2010

Assistant Vice President, Offshore Corporate Banking

Sumitomo Mitsui Banking Corporation, Singapore Branch ("SMBC")

Able to execute key components of deal spectrum from origination to execution including loan pricing, risk management, preparation of information memorandum, financial modeling and client on-boarding.


  • Actively managed a US$3.0bn portfolio of top-tier Indian Corporates and Government-Linked Companies ("GLC") in major industry segments such as Telecommunications, Power, Oil and Gas and Commodities.
  • Key clients include Tata Group, Reliance Communications, Reliance Group, Aditya Birla Group, Larsen and Toubro, Indian Railway, ONGC, Bharti Group, Vedanta Group etc.

Credit Analysis and Deal Analytics

  • Evaluated 2 to 3 deals concurrently and authored credit papers to support transactions, highlighting deal metrics, risk factors and risk management strategies.
  • Worked on several high profiles deals such as the Bharti’s US$10.7bn acquisition of Zain’s African operations and Vedanta’s US$9.6bn acquisition of Cairn India in 2010.
  • Developed financial models to assess the credit worthiness of borrowers in M&As in the telecommunications, power and basic materials industries. Models built were subsequently used by the department to access on-going debt servicing abilities of the borrowers.
  • Participated in deal roadshows for clients' loan syndications.
  • Prepared and submitted timely annual credit reviews to facilitate credit department’s risk assessment of the portfolio.
  • Consulted with credit department regularly on potential transactions and as a result, won more mandates from clients due to buy-in from the credit department.

Business Development

  • Identified potential deals by proactively analyzing clients' annual reports and sounding clients on refinancing or deal opportunities, improve deal flow.
  • Expanded the India portfolio by 10% through successful acquisition of 2 new GLC accounts.
  • Increased wallet size of accounts in the assigned portfolio by actively cross-selling transaction banking products and navigating the right product partners to clients. 
Jul 2007Mar 2008

Relationship Manager, Commercial Client Segment

ABN Amro N.V., Singapore
  • Increased new-to-bank customer base by 200% in 6 months by generating and converting cold leads, and successfully acquiring inbound and outbound referrals from internal partners and existing client network.
  • Grew loan portfolio by 67% from EUR 30 million to EUR 50 million in 6 months. This was achieved by securing faster approvals to extend loan facilities to clients for trade financing, hedging and working capital.
  • Proactively cross-sell transaction banking products to clients and advised them on hedging strategies to manage foreign exchange and interest rate exposures.
  • Exceeded sales targets by 120% in 2007.
May 2005Jul 2007

Business Development Manager

Citibank N.A., Singapore Branch
  • Built a portfolio of new clients in the Small, Medium Enterprise segment through aggressive acquisition, achieving 100% year-on-year growth.
  • Entrepreneurial and creative in developing strategies to drive client acquisitions through inbound and outbound leads.
  • Spearheaded department sales initiatives to accelerate client acquisition for the business group in 2006. Resulted in an overall growth in new-to-bank clients for the department.
  • Proactively cross-sell transaction banking products to clients and advised them on hedging strategies to manage foreign exchange and interest rate exposures.
  • Achieved 110% of sales targets set in 2006.


Aug 2001May 2005

Bachelor of Business Management (Finance)

Singapore Management University

G.P.A 3.33/4.0

Dean's List (Academic Year 2004-2005)

Jan 2003Jun 2003

Exchange Program

University of Virgina, McIntre School of Commerce

Co-curricular Activities

 People's Action Party ("PAP"), Serangoon Constituency

  • Founding member and Vice-Chairman of Serangoon Constituency’s youth PAP executive committee from 2006 to 2010.
  • Organized and planned yearly and semi-annual dialogue sessions with ministers and residents to facilitate feedback of the grassroots to the government.
  • Actively involved in weekly Meet-the-People’s sessions as a Writer, helping residents request assistance from government bodies.
  • Restructured queue system and writing processes to shorten waiting time of residents and improve the vetting process of the letters written. Waiting time was eventually shortened from 2 hours to 30 minutes, allowing the MP to meet and help more residents.
  • Won the Youth PAP Service Award in 2009