Yong Lum Sung, Chair and Independent Director
Calvin Zhang, Lead Independent Director
Stephen Ho Chiming, Independent Director
Lu, Fang-Ming, Vice-Chair and Non-Executive Director
Dai, Yung-Huei, Non-Executive Director
Yong Lum Sung, Chair and Independent Director
Yong Lum Sung is an independent director and chair of the Board of the Trustee-Manager. Mr Yong was formerly the Chief Operating Officer of StarHub Ltd from 2002 to 2006 and President of Singapore Cable Vision Ltd from 1998 to 2002. Since 2007, he has served as a Board member of several companies. Mr Yong holds a Master of Engineering degree from the University of Singapore and a Certified Diploma in Accounting and Finance from the Chartered Association of Certified Accountants, United Kingdom. He has also attended the Advanced Management Program at Harvard Business School.
Calvin Zhang, Lead Independent Director
Calvin Zhang is the lead independent director of the Trustee-Manager. Mr Zhang is the Managing Director of ApaH Capital Management Limited. From 2006 to 2021, Mr Zhang served as Managing Director at Bank of America Merrill Lynch and JPMorgan Chase in their investment banking divisions. During this time, he held several leadership roles, including Head of JPMorgan Chase's Asia Pacific Telecom & Media Investment Banking Group. Mr Zhang was Head of Greater China Technology Media Investment Banking at UBS from 2004 to 2006. He spearheaded the TMT corporate finance advisory practice at McKinsey & Company in Hong Kong from 1998 to 2004. Mr Zhang holds a Bachelor of Science in Economics (Honours) from the University of Cambridge.
Stephen Ho Chiming, Independent Director
Stephen Ho Chiming is an independent director of the Trustee-Manager. He was Managing Director at DBS Bank Ltd ("DBS") in Singapore, Hong Kong, and Taiwan between 2001 and 2019, and served as an advisor to the Institutional Banking Group of DBS (Taiwan) until the end of 2023. Prior to joining DBS, Mr Ho was Vice President, TMT Group of JPMorgan Chase Hong Kong from 1994 to 2001. Mr Ho holds a Bachelor of Science in Construction Engineering from Iowa State University and completed a Master of Science Civil Engineering at Massachusetts Institute of Technology. He also obtained MBA with a major in Finance from the Wharton School, University of Pennsylvania.
Lu, Fang-Ming, Vice-Chair and Non-Executive Director
Lu, Fang-Ming is a non-executive director and vice-chair of the Board of the Trustee-Manager. He served as Corporate Executive Vice President at Hon Hai/Foxconn Technology Group following the acquisition of the intelligent hub and switch products ODM manufacturing company he co-founded in 2000. From 2014 to 2021, Mr Lu was the Chairman of Asia Pacific Telecom Group, Taiwan's fourth largest mobile carrier. Before joining Hon Hai/Foxconn, Mr Lu was Vice President and General Manager at Cirrus Logic/Crystal Semiconductor, overseeing Asia Pacific operations. He spent 20 years at Hewlett Packard. Mr Lu obtained his Masters of Applied Physics from Chung-Yuan University, Taiwan, in 1980.
Dai, Yung-Huei, Non-Executive Director
Dai, Yung-Huei is a non-executive director of the Trustee-Manager. Mr Dai is the chairman of Da Da Digital Convergence Co., Ltd. Between 1996 and 2019, Mr Dai was the chairman of Dafeng TV. Under his stewardship, Dafeng TV obtained its cable television licence in Taiwan, and successfully listed the company on the Taiwan Stock Exchange in 2002. Dafeng TV was an early adopter of Gigabit Passive Optical Networks ("GPON") and Fibre-to-the-home ("FTTH") network structure. Mr Dai is a substantial unitholder of APTT, through Araedis Investment Pte. Ltd. He holds an Executive MBA from the National University of Singapore.
Somnath Adak, Chief Executive Officer
Somnath Adak was appointed Chief Executive Officer of the Trustee-Manager on 1 August 2024. He has been with the Trustee-Manager since APTT's listing in 2013, starting as Financial Controller before being appointed Chief Financial Officer in 2017. Between 2011 and 2013, Mr Adak was the Assistant Financial Controller of SGX-listed Macquarie International Infrastructure Fund Limited ("MIIF"). He began his career in 2006 at Grant Thornton and later joined ITC Limited, where he worked on real estate and infrastructure assignments, including renewables. Mr Adak holds an Executive MBA from INSEAD. He is a Chartered Accountant (India) and holds a Bachelor degree from Shri Ram College of Commerce, University of Delhi.