Board of directors

MIIF’s board of directors is entrusted with the responsibility for the overall management of MIIF.

The board of directors meets at least four times per annum, and more frequently as required, to review and monitor MIIF’s financial condition and operations.

MIIF’s bye-laws provide that the board of directors will consist of not fewer than two directors, of which not more than two directors can be resident in the same jurisdiction (other than Bermuda).

The board of directors comprises five directors.

Four of the directors are independent and do not have any relationship with MIIF that would deem them not to be "independent" as that term is defined by the Singapore Code of Corporate Governance 2005. MIIF has no employees or executive officers.

Heng Chiang Meng

Chairman, Independent

Heng Chiang Meng received his BBA (Hons) degree from the University of Singapore, Singapore in 1970.

From 1970 to 2004, Chiang Meng held several positions across various companies, including:

• Group chief executive officer at Lim Kah Ngam Ltd, a listed hotel, construction and property company in Singapore;
• Executive director of the Far East Organization Group, one of the largest property groups in Singapore and Hong Kong;
• Group Managing Director of First Capital Corporation Ltd, a listed property company in Singapore;
• Executive vice president at Overseas Union Bank Ltd;
• Adviser and head of banking and financial institutions at the Monetary Authority of Singapore; and
• Head of treasury at Citibank N.A. in Singapore and Hong Kong.

From 1984 through 2001, in addition to his employment in the corporate sector, Mr Heng also served as a Member of Parliament in Singapore over four terms.

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Michael David Hamer

Independent

Michael Hamer received his Bachelor of Science (Hons) degree from the University of Melbourne, Australia in 1972 and a Master of Science degree in Mathematics in 1974 and a D. Phil in Mathematics and Economics in 1980 from the University of Oxford, England.

He is the president and chief executive officer of Camford Atlantic Limited, a Bermudian company providing risk management, investment and financial advice and senior analyst with Albourne Partners Ltd, a hedge fund consulting firm. He also serves as a director of Applied Technology Group, an investment company in the telecommunications industry, Masterworks Foundation, an art charity; and the Bermuda Institute of Ocean Sciences, an oceanographic centre, all of which are based in Bermuda.

From 1977 to 1992, Michael worked for JP Morgan and from 1992 to the beginning of 2000 for Centre Solutions, a Bermuda-based reinsurance company, where he was most recently senior vice president responsible for risk management and asset/liability management.

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Lee Suet Fern

Independent

Lee Suet Fern is the senior director of Stamford Law Corporation; her practice focuses on mergers and acquisitions, equity and debt capital markets and corporate finance. Suet Fern has been involved in many significant corporate transactions and has been named a leading practitioner in numerous professional publications.

Suet Fern is the president of the Inter-Pacific Bar Association and has been a council member of the International Bar Association. She is the Chairman of the Asian Civilisations Museum Board, a member of the National Heritage Board, a member of the Advisory Board to the Singapore Management University Law School, a trustee for Nanyang Technological University and a Fellow of the Singapore Institute of Directors. She also serves on the boards of public listed companies in Singapore and France.

Suet Fern graduated with a double first in law from Cambridge University in 1980 and qualified as a Barrister-at-Law at Gray’s Inn London in 1981. She was admitted to the Singapore Bar in 1982 winning the Aw Boon Haw and Aw Boon Par Memorial Prize for top candidates at the Singapore Bar examinations and the Justice Tan Ah Tah Prize for Professional Ethics.

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Robert Andrew Mulderig

Independent

Rob Mulderig is chairman of the board of financial services company Woodmont Trust Company Ltd, and is chairman of the Bermudian Bank of N.T. Butterfield and Son Ltd. He is a former member of the board of governers of the Bermuda Stock Exchange, and was chairman and chief executive officer of Mutial Risk Management Ltd for 20 years until 2002. He attended Colombia University and the Fordham University School of Law.

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Frank Kwok

Executive

Frank Kwok joined Macquarie Group in 1997 and is an executive director based in Asia. Frank is a member of the investment committees or boards of a number of Macquarie-managed funds.

Frank was previously the global chief operating officer of Macquarie Infrastructure and Real Assets where he was responsible for new funds development, oversight of the legal, finance, tax, human resources and communication functions of the division and Macquarie's investments in its funds. Prior to this role, Frank was chief financial officer of Macquarie Airports (MAp), a top 50 company listed on the Australian Securities Exchange, and Macquarie Airports Group (MAG), an unlisted closed-end fund.

Frank has Bachelor of Economics (Hons) and Bachelor of Law (Hons) degrees from the University of Sydney.

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