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. He was appointed on 29 April 2013. 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, appointed with effect from 15 July 2024. Mr Zhang brings a wealth of experience in the Telecom, Media, and Technology (“TMT”) sector, alongside a strong background in banking. Mr Zhang is the Managing Director of ApaH Capital Management Limited, an Asian multi strategy hedge fund seeded by Blackstone Capital. Prior to joining ApaH Capital, he was a veteran investment banker for over two decades, advising on transactions worth more than US$100 billion. From 2016 to 2021, Mr Zhang was Managing Director at JPMorgan Chase and Bank of America Merrill Lynch, where he was also head of Asia Pacific Telecom & Media. Mr Zhang also spent time at UBS as Head of Greater China Technology Media Investment Banking from 2004 to 2006. He also 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, appointed with effect from 15 July 2024. Mr Ho has deep investment banking experience, including M&A advisory, equity and debt capital markets, and project/leveraged finance, with a specialisation in the Telecom, Media and Technology (“TMT”) sector. Mr Ho also serves as independent director at SGX-listed Azeus Systems Holdings Ltd. and Valuetronics Holdings Limited, as well as CeEntek Pte Ltd. He was a 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. Mr Ho began his career in 1989 with Chase Manhattan Bank New York (later JPMorgan Chase) as an Associate in the M&A division in the North American Corporate Finance Group. Prior to joining DBS, Mr Ho was the 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 Master of Business Administration 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 was appointed on 13 April 2017. Mr Lu had been a Corporate Executive Vice President of Hon Hai/Foxconn Technology Group since the intelligent hub and switch products ODM manufacturing company he co-founded was acquired by Hon Hai/Foxconn Technology Group in May 2000. From 2014 to 2021, Mr Lu was the Chairman of Asia Pacific Telecom Group, Taiwan's fourth largest mobile carrier. Prior to joining Hon Hai/Foxconn Technology Group, Mr Lu was a Vice President and General Manager at Cirrus Logic/Crystal Semiconductor in charge of its Asia Pacific operations. Mr Lu spent the first 20 years of his career at Hewlett Packard Taiwan and Asia Pacific in various positions including Country General Manager of the HP Taiwan Computer System Group and QMS Director of the HP Asia Pacific Test and Measurement Group. Mr Lu obtained his Masters of Applied Physics from Chung-Yuan University, Taiwan, in 1980.
Dai, Yung-Huei, Non-Executive Director
Dai, Yung-Huei was appointed to the Board on 13 August 2021. Mr Dai is the chairman of Da Da Digital Convergence Co., Ltd. and the founder of Dafeng TV Ltd. (“Dafeng TV”) - the first publicly traded cable TV provider in Taiwan, which operates in domestic markets including New Taipei City and Kaohsiung City. 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. In this role, Mr Adak is responsible for leading the senior management team of APTT in the planning and execution of its business strategy, operational performance and value creation. Mr Adak brings with him close to two decades of real estate and infrastructure experience, mainly in the Asia Pacific region. He has been with the Trustee-Manager since APTT's listing in May 2013, initially serving as the Financial Controller before being appointed Chief Financial Officer in April 2017. Prior to joining the Trustee-Manager, Mr Adak was the Assistant Financial Controller of SGX-listed Macquarie International Infrastructure Fund Limited (MIIF) from 2011 to 2013. Mr Adak began his career in 2006 with Grant Thornton and then with ITC Limited, where he worked on real estate and infrastructure assignments, including renewables. Mr Adak holds an Executive Master of Business Administration (Distinction) from INSEAD, is a Chartered Accountant (Merit Holder) of The Institute of Chartered Accountants of India and holds a Bachelor of Commerce (Honours) degree from Shri Ram College of Commerce, University of Delhi.