Prime US Reit manager appoints Harmeet Singh Bedi as deputy CEO, CFO.
Mr Bedi's finance responsibilities will cover the formulation and execution of the Reit's financial strategies, capital raising and capital management, financial risk management, treasury, tax and financial reporting. He will also help to enhance the Reit's investor engagement across institutional, high net worth and retail investors in the region.
The Reit's manager said its board and nominating and remuneration committee will monitor Mr Bedi's double-hatting arrangement annually. The committee"views that appointment is in the interest of Prime and the manager having regard to his scope of responsibilities, and that there are proper and effective checks and balances in the manager's internal controls", it added.
Ms Cambon said Mr Bedi would be a valuable addition to the team, given his extensive experience in overseeing capital market and investment strategies. Units of Prime US Reit were trading at 71 US cents, up 1.5 cent or 2.2 per cent, as at 2.20pm on Tuesday after the announcement.For daily updates on weekdays and specially selected content for the weekend. Subscribe to
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