Who we work with

Profile of British and Malayan Trustees Limited

Corporate Profile

Incorporated in 1924, BMT is among the pioneer companies listed on the main board of the
Singapore Exchange ("SGX") and also the only listed trust company in Singapore.
BMT's covenant with clients is to uphold the highest standards of integrity and security within its
comprehensive range of professional trustee and advisory services both for corporations as well as
individuals, a commitment BMT strives to maintain since its incorporation in 1924.

Core Services
BMT is a one-stop provider of a comprehensive suite of professional trustee and advisory services to
individuals and corporations, guided by regulations set out in the Trustees Act, Trust Companies
Act, Securities and Futures Act and other relevant ancillary rules and regulations governing the trust
industry.
With extensive experience in both corporate and family trustee and advisory services, BMT reaches
out to a wide cross-section of families and individuals with its customised services in estate planning,
execution / administration of wills, rent collection and property management, custodial services (for
Accredited / Expert / Institutional Investors and Exempt Funds) and other trustee services.
BMT also provides professional services to corporations in matters pertaining to debentures; unit trust
funds; REITs; collective investment schemes; custodial services for clubs, associations and religious
organisations; defined contribution plans (DCP) / master trusts and other fiduciary services including
administration and registrar services to funds.

Core Team Members
BMT has a closely-knit team with an average of ten years of service. Enhanced by the directors’ and
management’s core competencies in accounting, finance, fund management, corporate governance,
risk management and law, BMT ensures that the highest standards of integrity and security are
maintained throughout its range of services.

Board of Directors

Profile
Mr Cecil Vivian Richard Wong, Chairman / Independent Director
Mr Cecil Vivian Richard Wong was appointed to BMT’s Board of Directors in February 1979 and is
currently the Chairman of the Board of Directors and the Audit Committee, both positions of which he
has held since August 1995.

Mr Wong graduated from Cambridge University in 1949, and is a member of the Institute of Certified
Public Accountants of Singapore. He is a Honorary Senior Consultant with Ernst & Young LLP
having served with this prestigious firm from 1971 until his retirement in 1985.

Mr Colin Lee Yung-Shih, Director
Mr Colin Lee Yung-Shih was appointed to BMT’s Board of Directors in February 1994. He is also a
member of the Company’s Audit Committee. Mr Lee is the Managing Director of Chartered Asset
Management Pte Ltd and holds a Bachelors degree in Science.

Mr Peter Sim Swee Yam, Independent Director
Mr Peter Sim Swee Yam was appointed to BMT’s Board of Directors in March 1997. He is also a
member of the Company’s Audit Committee. He is the Precedent Partner of Sim Law Practice LLC
and he is also the Director of several listed and unlisted companies. Mr Sim holds a Bachelors
degree in Law (Hons) and was called to the Singapore Bar in 1981.

Mr Nigel David Stead, Director
Mr Nigel David Stead was appointed to BMT’s Board of Directors in April 2010. He is a co-founder of
DMTC Group and Managing Director of ManagementPlus (S) Pte Limited which were formed in 2006.
From 1985 to 2005 he worked for the Bank of Bermuda Limited and then HSBC after the acquisition
of the Bank of Bermuda group and most recently as Managing Director of HSBC Institutional Trust
Services (S) Limited. He has worked in the accounting, banking and trust industries for more than 35
years and has been living in Singapore for 15 years. Mr Stead holds a Bachelors degree (Honours)
in Management Science. He is a Fellow of the Institute of Chartered Accountants in England and
Wales and a Chartered Financial Analyst.

Principal Functions
The Principal functions of the Board, apart from its statutory responsibilities are :
(i) approving policies, strategies and direction of the Company;
(ii) overseeing and monitoring managerial and organisational performance and the achievement
of strategic goals and objectives;
(iii) ensuring that there are in place adequate systems of internal controls and risk management;
(iv) approving annual budget, major capital expenditures and investment proposals;
(v) approving the nominations of Board directors and appointments to the various Board
committees; and
(vi) assuming responsibilities for good corporate governance practices.

Key Management Staff
Ms Linda Ho - Chief Executive Officer, Company Secretary
Ms Linda Ho has been with BMT for more than 25 years and is highly regarded by peers and clients
alike for her in-depth knowledge of Trust Law and its practical application. Ms Ho holds a Bachelor of
Arts (Hons) degree and Diploma in Personnel Management.
Ms Jennie Tan - Deputy General Manager, Resident Manager
Ms Jennie Tan Siok Kim has a Bachelor of Laws (Hons) Degree and was called to the Singapore
Legal Bar in 1985. Prior to joining the Company, Ms Tan was practising in Singapore as an Advocate
and Solicitor. She is a member of the Singapore Academy of Law and the Singapore Trustees
Association.
Ms Angela Ho-Finance Manager, Company Secretary
Ms Angela Ho is a Certified Public Accountant. Prior to joining the Company, she was with a Fund
Administrator Company as well as a healthcare listed company. Ms Ho graduated with the
professional qualification from the Association of Chartered Certified Accountants (ACCA).

Corporate Services
Debentures
Trustee of Unit Trusts Funds / REITS / Collective Investment Schemes
Trustee for Defined Contribution Plan (DCP) / Master Trust
Debentures
On behalf of the noteholders, BMT’s roles and duties include discussions with the issuers, bankers
and lawyers on covenants and provisions constituting the note issue, enforcement of compliance
within the provisions of the Trust Deed and prompt payment of interest among others. Through due
diligence checks on the compliance of the financial covenants of the trust deed constituting the note
issue, BMT monitors to safeguard the interest of the noteholders on the payment of interest and
eventual redemption of the note issue on the due date.

Trustee of Unit Trust Funds / REITs /Collective Investment Schemes
BMT holds in safe custody the Cash and Securities of Unit Trust Funds, REITS and Collective
Investment Schemes besides providing daily valuations, arranging dividend and interest collection,
placement of excess funds in fixed deposits, settlement of trade transactions, monitoring the
covenants and provisions in the trust deeds and other regulatory requirements. In addition, BMT also
liaises with registrars, custodians, sub-custodians, tax agents and auditors on behalf of the Unit Trust,
REIT and Collective Investment Scheme clients.

Trustee for Defined Contribution Plan (DCP) / Master Trust
Developed in tandem with the employer, employee, fund managers and other parties, BMT offers full
trusteeship services such as fund accounting, registration services and other related trustee services.

Family Services
Executor / Administrator of Wills
Trust corporations are an alternative to nominating family members or friends as the Executor and
Trustee of one's Will. BMT's experience and expertise to advise and carry out the terms of the Will on
behalf of the Testator provides professional assistance and relief to family members from the
technicalities of petitioning for the Grant of Probate and the distribution of assets.

Trust Services
Trusts are set up pursuant to clients’ needs and requirements. Some of the more common
requirements and objectives in setting up trusts are as follows:
(i) Maintenance, Advancement &/or Educational Trusts for Minors;
To ensure that the client’s young family members are financially well maintained and funds
are available to provide for the care, maintenance, advancement and education of the young
family members. Such trusts can also be structured to cater for the physically or mentally
challenged individual.
(ii) Investment and/or Asset Protector Trusts;
To set aside funds to be managed by the Trustee with the assistance of Financial Advisors to
focus on wealth accumulation for the client’s family financial future and/or to segregate funds
to fend off exposure and potential risks to protect the client’s hard-earned and valuable
assets.
(iii) Life Insurance Trusts;
To settle in trust life insurance policy/policies to protect against creditor claims and safeguard
funds for the benefit of the beneficiaries of the policy/policies.
(iv) Foreign & Non-Resident Trusts;
To mitigate tax liabilities through a Singapore wealth management trust.
(v) Muslim Trusts;
Trust planning for the Muslim clients to achieve equitable and just distribution of wealth.
(vi) Singapore Private Trust Companies;
To set up Private Trust Company/Companies managed and owned by client’s family
members to manage the family wealth as an alternative to a traditional trust with the services
of a licensed trust corporation undertaking due compliance issues as required under the Trust
Regulations.
(vii) Charitable Trusts;
To set aside funds in a trust to assist the less fortunate members of society.

Other Services
Custodial Services
BMT offers custodial services for Accredited / Expert / Institutional Investors and Boutique Fund
Managers of Exempt Funds holding in safe custody the Cash and Securities accounts and
discharging the related responsibilities of settlement of trades, dividend collection, advising on
requisite corporate action and valuation of assets.
BMT also offers other custodial services including services as custodian of real estate title deeds and
property title belonging to clubs, societies and associations.
Ancillary services such as services as escrow agent to hold monies and deposits in corporate
transactions and services as process agent are also available.

Administration and Registrar Services
As the Administrator of the fund, BMT provides valuation of assets for the fund, liaises with the fund’s
custodian and provides subscription and redemption services. As Registrar of the fund, BMT assists
in undertaking due diligence issues as required under the Trust Regulations and maintaining the
register of investors for the fund.

Agent, Receiver and Administrator of Properties
BMT is among the few trust companies in Singapore with added proficiency in property management.
On behalf of the trust clients, BMT administers to matters such as collection of rent, maintenance of
property and other aspects of property management.

Contact
Address and Office Hours
British and Malayan Trustees Limited:

1 Coleman Street
#08-01 The Adelphi
Singapore 179803

Monday ~ Thursday: 9am - 5.30pm
Friday: 9am - 5.00pm

Tel: 6535-4922 Fax: 6535-1258

Location