Date of appointment : 18 December 2015
Professional Accreditation :
Capital Markets Services Representative’s License (“CMSL”) under the Capital Markets and Securities Act 2007.
Professional Experience
Dato’ Eric Ong’s experience in sales and marketing of properties, property investment and hospitality spans over two decades. He began his career in 1989 as a Sales Executive in MBf Property Services Sdn Bhd where he was involved in the Kepong Sentral project and Rawang Industrial Park development. He subsequently joined Tanco Properties Sdn Bhd in 1991 as a Sales Manager, where he was involved in the sales and marketing of a development of a 200-acre mixed development of retail and residential properties.
From 1993 to 1997, Dato’ Eric Ong was appointed as Executive Director of property development in Meda group of companies where he contributed towards the success in the completion of the Summit Square, Summit Parade, Summit City and Plaza Bukit Mertajam.
Dato’ Eric Ong is a co-founder and Executive Director of KIP Group of Companies, a position he has held since 1997. He is responsible for spearheading leasing, retail development conceptualisation and tenant mix strategy for all projects including the KIPMall portfolio. Under his leadership, KIP group of companies has successfully revived an abandoned mixed development project located in Sri Utara, Kuala Lumpur, namely Kipark Sri Utara, consisting of residences (Taman Seri Utara), offices (Menara KIP) and hotel (KIP Hotel), with a combined gross development value of more than RM500.0 million.
Date of appointment : 30 November 2018
Professional Accreditation :
Professional Experience
Valerie was appointed as the Executive Director to the Board of KIP REIT Management Sdn Bhd and the Manager for KIP Real Estate Investment Trust (KIP REIT) on 17th August 2022. Her role is to develop and execute the Company’s business strategies in order to attain the goals of the Board of Directors, stakeholders and act in the best interest of KIP REIT’s unitholders.
To ensure KIP REIT’s continued performance and growth, Valerie oversees the implementation of comprehensive business plans prepared by the Executive Management (including budgeting approval and financial matters) so as to facilitate achievement by planning cost-effective operations and market development activities. In addition, she formulates the business and operation plan via proactive asset management including Asset Enhancement Initiatives (“AEI”) and tenancy mix to maximize valuation and rental income respectively.
Valerie is also the Deputy Chairman of the Investment Steering Committee and her duty and responsibilities includes reviewing and deliberating on any proposed acquisitions recommended by the management. She also has oversight of the due diligence process which upon completion, she escalates the proposal to the Board and Trustee of KIP REIT for final approval.
As an advocate of Environmental, Social and Governance (“ESG”) and also the Chairman of the Sustainability Steering Committee, Valerie is actively introducing and integrating sustainability efforts into day-to-day operations in the management of KIP REIT’s portfolio. To further comply with the new sustainability reporting requirements of Bursa Malaysia, she is working with the committee to formulate the ESG framework for KIPREIT to develop the sustainability report using guides from GRI Standards, Taskforce on Climate-related Financial Disclosure (“TCFD”) Framework, United Nation Sustainable Development Goals (“UNSDG”), BURSA Reporting Guidelines 2022 and Enhanced Recommended Disclosures, FTSE4GOOD index ESG Framework. These initiatives allow the company to identify the ESG measures required as well as enabling structured tracking and monitoring on an annual basis. Observations and necessary adjustments are then made to improve performance on these measures.
KIP REIT MANAGEMENT SDN BHD (Non-Independent Non-Executive Director)
2018 – Aug 2022
Valerie was appointed as the Non-Independent Non-Executive Director to the Board of KIP REIT Management Sdn Bhd, the Manager for KIP Real Estate Investment Trust (KIP REIT) on 30 November 2018. Her role is to ensure corporate accountability by providing unbiased and independent views as well as contributing her knowledge and experience towards the corporate decision making process.
KIP GROUP OF COMPANIES (Group Chief Executive Officer)
2012 – July 2022
Valerie joined the group in 2012 and was appointed as the Group Chief Executive Officer in 2017. She works closely with the Board of Directors, serving as the Director of Corporate Operations and as the bridge between the divisions within the company. KIP Group of companies comprises property development (residential, commercial, shopping malls), retail management at KIPMalls, as well as hospitality in the form of KIP Hotel. On the group level, Valerie directs the company’s goals and vision, partnering with high-level officers to grow and strengthen the company’s position in the industry and to ensure its sustainability. On the management level, Valerie works with all divisions’ heads and closely monitors the progress of development, operational and financial performance. She also liaises with the Chief Financial Officer in the preparation of annual budgets, complete risk analysis on potential investments, and advises the Board of Directors with regard to investment risk and return. Her role also requires her to collaborate with Human Resources Department regarding maintaining best hiring practices, payroll management, benefit disbursement, overseeing quality control and establishing goals for each department in partnership with division managers.
To date, she has developed more than 2.7 million square feet of properties with a gross development value (GDV) of RM1.3 billion. During her tenure, she has also built three shopping malls – namely KIPMall Kota Warisan (opened in 2017), KIPMall Desa Coalfields (opened in 2020) and KIP Kuantan master leased to Lotus’s (target to open in 1st June 2022). Under the wing, she has leased more than half a million square feet of retail space.
Date of appointment : 18 August 2022
Professional Accreditation :
Professional Experience
From 2003 to 2006, Michelle worked as Junior Accountant in Sydney, Australia undertaking accounting, bookkeeping, audit and tax services. In 2006, she returned to Malaysia and started her career with the Hextar group of companies holding various finance and management positions. She has more than 10 years of corporate management experiences including identifying, evaluating and developing investment opportunities as well as directing the set-up and expansion of various companies across many industries in South East Asia.
Ms. Tan Jo Lynn was appointed to the ISC as the Deputy CIO on 21 March 2023. She is currently a member of the MIA and holds a fellowship with the Associate of Chartered Certified Accountants (“ACCA”). With over twelve (12) years of financial experience, she has an extensive background in financial analysis, risk management and financial reporting. In addition to her role as the Deputy CIO, she serves as the Financial Controller and is an integral member of the Risk Management Working Group in KIP REIT.
Ms. Tan began her professional journey as an audit associate in a prominent audit firm, where she honed her skills in auditing practices. Afterward, she transitioned to the role of an external auditor, serving in that capacity for 3.5 years. Seeking a career shift into the corporate sector, she joined a Malaysian public listed company as an accountant, where she showcased her proficiency in financial management. In view of her exceptional performance, she was subsequently transferred to a subsidiary of the same company located in Singapore. In 2018, Ms. Tan assumed the role of Finance Manager in a Malaysian private limited company. Eventually, her remarkable track record led to her appointment as a Financial Controller in a listed company in Malaysia. Throughout her career journey, Ms. Tan has showcased her dedication and competence in various financial roles, culminating in her current position as the Deputy CIO.
Ms. Lam Yoke Jing was appointed to the ISC as the Finance Representative on 6 February 2023. She is currently a Chartered Accountant with the MIA. In addition to her role representing the Finance function in ISC, she is currently the Finance Manager in KIP REIT.
Ms. Lam graduated with a Bachelor of Accountancy from Universiti Utara Malaysia. Upon her graduation, she commenced her career as an auditor since 2014 where she established her skills in auditing practices for approximately four (4) years. After gaining valuable experience at Crowe, she pursued opportunities in multinational and listed companies, further expanding her career experience and expertise in the financial domain.
Ms. Norziela Mohamed Nasir was appointed to the ISC as the Legal and Compliance Representative on 16 May 2023. Representing the Legal and Compliance function in ISC, she is currently a Legal and Compliance Senior Executive in KIP REIT.
She holds a Bachelor of Laws from University Teknologi Mara in 2014 and further pursued a Diploma of Syariah and Practice in 2016 and a Master of Laws in 2018.
Upon her graduation, Ms. Norziela started her career in the legal industry as a practicing lawyer handling corporate matters for various clients including government-linked companies, multinational corporations, state-owned companies as well as private individuals for several years before making a jump to be an in-house legal counsel.
Over the years, she had been fortunate to explore various industries and gain insights and experience from both sides of the legal industry as a practicing lawyer and also an in-house legal counsel. Her seven (7) years of working experiences in the legal industry have exposed her to a diverse industry practice, including healthcare, pharmaceuticals, telecommunications, constructions, engineering and consultations as well as e-commerce. Presently, she is professionally growing together with KIP REIT in the REIT industry.
