Change - Announcement of Appointment :: Appointment of Independent Director-Mark Rudolph Duncan
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
01-Jan-2021 12:00:26
Status
New
Announcement Sub Title
Appointment of Independent Director-Mark Rudolph Duncan
Announcement Reference
SG210101OTHRBZ63
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") is pleased to announce the appointment of Mr Mark Rudolph Duncan as Independent Director of the Company with effect from 1 January 2021.
Additional Details
Date Of Appointment
01/01/2021
Name Of Person
Mark Rudolph Duncan
Age
50
Country Of Principal Residence
Hong Kong
The Board's comments on this appointment (including rationale, selection criteria, and the search and nomination process)
The Nominating Committee ("NC") had reviewed the qualification, experience and expertise of Mr Mark Rudolph Duncan (Mr "Mark Duncan") and recommended his appointment. The Board, having considered the recommendation from the NC and was of the view that Mr Mark Duncan will be able to contribute towards the core competencies of the Board, approved the appointment of Mr Mark Duncan as Independent Director of the Company.
Whether appointment is executive, and if so, the area of responsibility
Non-executive
Job Title(e.g.Lead ID, AC Chairman, AC Member etc.)
Independent Director
Professional qualifications
BA (Hons) equivalent, European Business Management, Middlesex University, London & Ecole Superieure de Commerce de Marseille, France; 1993
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
Typhoon Wealth, Hong Kong From May 2017 to Present: Co-Founder/Managing Director Macquarie Group, Hong Kong: May 2009 to March 2017 -Global Head of Equities: November 2012 to March 2017 -CEO, Macquarie Bank Limited, Hong Kong Branch: March 2012 to March 2017 -Head of Asian Equities; Hong Kong. May 2009 to October 2012
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 interest: Mr Mark Duncan is deemed interested in the 319,400 ordinary shares registered in the name of Citibank Nominees Singapore Pte Limited
#These fields are not applicable for announcements of appointments pursuant to Listing Rule 704(9) or Catalist Rule 704(8)
Director: Quintain Analytics (BVI) Director: Big Athleisure Ltd (HK) Director: Typhoon Capital (HK)
#Present
Director: Typhoon Wealth Limited (HK) Director: Typhoon Wealth Group Limited (UK) Director: Typhoon Wealth UK Limited (UK)
(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
The Company will arrange for Mr Mark Duncan to attend training organized by the Singapore institute of Directors.