News
Change - Announcement Of Re-Designation Of Mr Rahul Rana As Chief Executive Officer And Chief Investment Officer
BackFeb 27, 2026
| Announcement Title | Change - Announcement of Appointment |
| Date & Time of Broadcast | Feb 27, 2026 17:23 |
| Status | New |
| Announcement Sub Title | Re-designation of Mr Rahul Rana as Chief Executive Officer and Chief Investment Officer |
| Announcement Reference | SG260227OTHRKN9T |
| Submitted By (Co./ Ind. Name) | LUN CHEE LEONG |
| Designation | COMPANY SECRETARY |
| Description (Please provide a detailed description of the event in the box below) | Re-designation of Mr Rahul Rana as Chief Executive Officer and Chief Investment Officer |
| Additional Details | |
| Date of appointment | 01/03/2026 |
| Name of person | Rahul Rana |
| Age | 62 |
| Country of principal residence | Singapore |
| The Board's comments on this appointment (including rationale, selection criteria, board diversity considerations, and the search and nomination process) | The Board, having considered the recommendations of the Nominating and Remuneration Committee ("NRC") and, having assessed Mr Rahul Rana's experience and credentials, is satisfied that Mr Rahul Rana is appropriately qualified and competent for the dual role of Chief Executive Officer and Chief Investment Officer. |
| Whether appointment is executive, and if so, the area of responsibility | Executive. Work closely with the board and management team to drive the overall business strategy for PRIME US REIT, including the strategic direction of asset management, leasing and tenant-related matters, and refinancing strategies. Mr Rahul Rana will be responsible for capital allocation decisions and investment priorities across Prime US REIT's portfolio with overall accountability over portfolio-level risk and return outcomes. He is also in charge of executing acquisitions, divestments, portfolio rebalancing and capital management plans to enhance PRIME's portfolio value. |
| Job title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer and Chief Investment Officer |
| Professional qualifications | Mr Rahul Rana received his Master of Business Administration from the University of Illinois Urbana-Champaign and Bachelor of Commerce in Accounting and Finance from Shri Ram College of Commerce, University of Delhi. |
| Working experience and occupation(s) during the past 10 years | Mr Rahul Rana brings with him extensive investment banking experience in Singapore and the United States. Mr Rahul Rana is a shareholder of KBS Asia Partners Pte. Ltd., which is the sponsor of PRIME US REIT, and holds 40% of the shares of the Manager. Prior to joining PRIME, he held senior investment banking roles with UBS in the US and Deutsche Bank in Singapore. Mr Rahul Rana was also significantly involved in the IPO of PRIME US REIT and has deep understanding of the portfolio and US commercial landscape. |
| Shareholding interest in the listed issuer and its subsidiaries | Yes |
| Shareholding details | 1,847,589 units in Prime US REIT |
| Any relationship (including immediate family relationships) with any existing director, existing executive officer, the issuer and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Conflict of interest (including any competing business) | Nil |
| Undertaking (in the format set out in Appendix 7.7 or Appendix 7H) under Mainboard Rule 720(1) or Catalist Rule 720(1) has been submitted to the listed issuer | Yes |
| Other Principal Commitments* Including Directorships# * "Principal Commitments" has the same meaning as defined in the Code of Corporate Governance. # These fields are not applicable for announcements of appointments pursuant to Mainboard Rule 704(9) or Catalist Rule 704(8). |
|
| Past (for the last 5 years) | Non-Executive Director of Asahi India Glass Limited |
| Present | 1) Director of Prime US-Sub REIT, Inc. 2) Director of Prime US REIT S1 Pte. Ltd. 3) Director of Prime US REIT S2 Pte. Ltd. 4) Director of Prime US REIT S3 Pte. Ltd. 5) Non-Executive Director of Rana KAP I, Pte. Ltd. 6) Executive Director of KBS Asia Partners Pte. Ltd. 7) Executive Director of G2020 Advisors Pte. Ltd. |
| Information Required Disclose the following matters concerning an appointment of director, chief executive officer, chief financial officer, chief operating officer, general manager or other officer of equivalent rank. If the answer to any question is "yes", full details must be given. (a) Whether at any time during the last 10 years, an application or a petition under any bankruptcy law of any jurisdiction was filed against him or against a partnership of which he was a partner at the time when he was a partner or at any time within 2 years from the date he ceased to be a partner? |
No |
| (b) Whether at any time during the last 10 years, an application or a petition under any law of any jurisdiction was filed against an entity (not being a partnership) of which he was a director or an equivalent person or a key executive, at the time when he was a director or an equivalent person or a key executive of that entity or at any time within 2 years from the date he ceased to be a director or an equivalent person or a key executive of that entity, for the winding up or dissolution of that entity or, where that entity is the trustee of a business trust, that business trust, on the ground of insolvency? | No |
| (c) Whether there is any unsatisfied judgment against him? | No |
| (d) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving fraud or dishonesty which is punishable with imprisonment, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such purpose? | No |
| (e) Whether he has ever been convicted of any offence, in Singapore or elsewhere, involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or has been the subject of any criminal proceedings (including any pending criminal proceedings of which he is aware) for such breach? | No |
| (f) Whether at any time during the last 10 years, judgment has been entered against him in any civil proceedings in Singapore or elsewhere involving a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, or a finding of fraud, misrepresentation or dishonesty on his part, or he has been the subject of any civil proceedings (including any pending civil proceedings of which he is aware) involving an allegation of fraud, misrepresentation or dishonesty on his part? | No |
| (g) Whether he has ever been convicted in Singapore or elsewhere of any offence in connection with the formation or management of any entity or business trust? | No |
| (h) Whether he has ever been disqualified from acting as a director or an equivalent person of any entity (including the trustee of a business trust), or from taking part directly or indirectly in the management of any entity or business trust? | No |
| (i) Whether he has ever been the subject of any order, judgment or ruling of any court, tribunal or governmental body, permanently or temporarily enjoining him from engaging in any type of business practice or activity? | No |
| (j) Whether he has ever, to his knowledge, been concerned with the management or conduct, in Singapore or elsewhere, of the affairs of:- | |
| (i) any corporation which has been investigated for a breach of any law or regulatory requirement governing corporations in Singapore or elsewhere; or | No |
| (ii) any entity (not being a corporation) which has been investigated for a breach of any law or regulatory requirement governing such entities in Singapore or elsewhere; or | No |
| (iii) any business trust which has been investigated for a breach of any law or regulatory requirement governing business trusts in Singapore or elsewhere; or | No |
| (iv) any entity or business trust which has been investigated for a breach of any law or regulatory requirement that relates to the securities or futures industry in Singapore or elsewhere, in connection with any matter occurring or arising during that period when he was so concerned with the entity or business trust? |
No |
| (k) Whether he has been the subject of any current or past investigation or disciplinary proceedings, or has been reprimanded or issued any warning, by the Monetary Authority of Singapore or any other regulatory authority, exchange, professional body or government agency, whether in Singapore or elsewhere? | No |
| Disclosure applicable to the appointment of director only. Any prior experience as a director of an issuer listed on the Exchange? |
No |
| If no, please state if the director has attended or will be attending training on the roles and responsibilities of a director of a listed issuer as prescribed by the Exchange. | Not Applicable |