Anthony Ang

Chairman of the Asia Advisory Panel

Anthony is currently Singapore’s non-resident Ambassador to Tunisia, and CEO of Sasseur Asset Management Pte Ltd (SGX:CRPU). Anthony is a global executive with over 35 years of senior management experience in government (at the Singapore Economic Development Board or “SEDB”), investment and fund management (in Venture Capital, Private equity and real estate) and general / operational management in manufacturing and international marketing. Anthony has also been a director of various listed companies in Singapore, Hong Kong and Malaysia since 1995.

Anthony studied in the UK and France and worked in the USA and Asia, and possesses an excellent understanding of the business cultures worldwide. Over the last 20 years, he was actively involved in fund management activities in real estate and private equity while working with leading companies in real estate investments and fund management, venture capital / private equity, covering business interests in Asia and the US. Prior to that, Anthony spent many years in international marketing, manufacturing and investment activities. He served 14 years at the SEDB, including 6 years in the USA as the Regional Director of SEDB’s North American operations. On returning to Singapore, Anthony held senior operational and general management positions in the manufacturing sector when he managed businesses in several Asian countries including China, Malaysia, Thailand, Indonesia and Vietnam, before moving into fund management activities.

Career 
Anthony was appointed as CEO of Sasseur Asset Management Pte Ltd (“SAM”) in March 2017. SAM is the manager of Sasseur REIT that is listed in Singapore. Sasseur REIT is the first Outlet mall REIT listed in Asia, with assets primarily in China. Anthony was the first hire for SAM and built the SAM team; he led the entire listing process for the IPO of Sasseur REIT successfully in March 2018. In 2019, under Anthony’s leadership, Sasseur REIT, just one year after it’s listing on the Singapore Exchange,  was recognized as the REIT company of the year and best Retail Reit (platinum) in Singapore. Anthony was awarded Best CEO (platinum) in Singapore in 2019.

Anthony was appointed as Singapore’s non-resident Ambassador to Tunisia in October 2016. Until December 2016, he was Executive Director and board member of ARA Asset Management (Fortune) Pte Ltd (“Manager”), which manages the Fortune REIT that owns 17 retail properties in Hong Kong – with over 3.18 million square feet of retail space and Asset Uner Management (“AUM”) of over HK$35.9 billion.  Fortune REIT is one of six REITs managed by the ARA Group (“ARA”) and is the only REIT with dual primary listings on the Singapore Exchange and the Stock Exchange of Hong Kong. ARA is a leading Asian real estate fund management house headquartered in Singapore, with an AUM of S$28 billion. Separate from the ARA, Anthony is an Independent Director of Heatec Jietong Holdings Limited on the Singapore Exchange. He is also an Independent Director of Yong Tai Berhad, a property development company listed on Bursa Malaysia.

For the previous 5 years from 2010, Anthony was the Chief Executive Officer, Executive Director and Responsible Officer of the Manager, before stepping down in 2015. During the period, Anthony was involved in expanding the Fortune REIT portfolio through acquisitions, increasing its portfolio value from HK$13.3 billion to HK$35.9 billion, and providing over 13% average annual total returns to its shareholders. During his tenure, Anthony was awarded the “Best CEO (Third)” and “Best CEO (First)” for Hong Kong in 2013 and 2014 respectively by the Annual Best Managed Companies Poll by FinanceAsia – a leading Finance magazine in Asia. Fortune REIT was also awarded the “Best Mid-Cap Company” in Hong Kong for 2013 and 2014. Anthony was also recognized with the Board of the Manager with the “Directors of the Year Awards 2011” by the Hong Kong Institute of Directors in 2011. The award honors the Manager Board’s achievement in “enhancing director professionalism through board self-appraisal.

Anthony was also the CEO of ARA Asia Dragon Limited (“ADF”), the flagship private equity of ARA with a committed capital of US$1.13 billion from 2008-2010 before he joined Fortune REIT. ADF focused on investments across Asia – in countries like China, Hong Kong, Singapore and Malaysia. Anthony was responsible for raising the fund with global investors, and overseeing its investments of over 14 assets, delivering a top quartile performance compared to funds of similar vintage.

Prior to joining ARA, and in addition to his long tenure at the SEDB, Anthony held various senior positions with several leading organizations, namely: GIC Real Estate Pte Ltd, a global real estate fund management company (as Executive Vice President with global responsibilities for Admin and Corporate affairs); Vertex Management Pte Ltd, a Singapore based global venture capital company (as Senior Vice President covering investments for India, Japan and Singapore); Majulah Connection Limited, a global business networking and consulting organization (as Executive Director), and Armstrong Industrial Corporation Limited (“Armstrong”), a Singapore-based and leading listed precision engineering company which was taken private end of 2013. Anthony was the Group General Manager of Armstrong from 1993-1999, and was instrumental in expanding its regional businesses throughout Asia (China, Indonesia, Thailand, Malaysia, Vietnam), and listing the company in 1995. He served as an Armstrong board member from 1995 until 2013.

Education and other interests
Anthony holds a Bachelor of Science degree (Mechanical Engineering) with First Class Honors from the Imperial College, London University, and obtained a Master of Business Administration from the European Institution of Business Administration (“INSEAD”) in 1982 on a scholarship from the Singapore and French governments. He also attended the Strategic Marketing program (for senior executives) at Stanford University, USA in 1992 under the sponsorship of the SEDB, and completed the INSEAD International Director Programme in 2019. Anthony is a fellow of the Chartered Management Institute (United Kingdom).  Anthony currently serves on the EXCO of the EDB Society – an alumni organization of the Singapore Economic Development Board; The School Advisory Council of Bukit Panjang Government High School in Singapore. Anthony was a founding EXCO member of REITAS or REIT Association of Singapore (as a VP and Chairman of its Regulatory Sub Committee), representing the S-REIT sector, and currently serves in the promotion sub-committee.