Mr Saud Siddique is both a Director and the Chief Executive Officer of the Trustee-Manager. He was appointed as a Director on 28 September 2007. He is responsible for the general management of the business trust with an overall responsibility for HWT's performance.

Prior to joining the Trustee-Manager, Mr Siddique was the Group Executive Vice-President, Global Infrastructure at Hyflux Ltd where he was responsible for leading the development of the Hyflux Group's infrastructure business globally (including water), the India operations, and assisting the Group's Chief Executive Officer and President in overseeing the Group's China and Middle East and North Africa markets, as well as its Engineering, Procurement and Construction business globally. In India, Mr Siddique was leading Hyflux's team in developing several water and waste water treatment and recycling projects in West Bengal, Karnataka, Gujarat, and Tamil Nadu.

Prior to joining Hyflux in 2007, Mr Siddique was with International Finance Corporation ("IFC"), the private sector arm of the World Bank Group, from 1991 to 2007. At IFC, Mr Siddique led investment teams on project financing, structured debt and equity investments, in the infrastructure and financial markets sectors in Asia and Latin America. He was responsible for one of the first and many subsequent investments by IFC in infrastructure in Peoples' Republic of China. He was also responsible for IFC's investment in Infrastructure Development Finance Company in India. In the East Asia Pacific Region, he has identified and evaluated a number of water projects and companies. He was also in charge of structuring and investing in several investment funds, including the Scudder Latin America Power Fund, the first infrastructure fund for emerging markets, the Asia Mezzanine Infrastructure Fund, and Profund, IFC's first investment in the microlending sector. Prior to joining IFC, Mr Siddique was with Swiss Bank Corporation in New York from 1985 to 1991, where he was responsible for structured financing transactions in the United States of America, including municipal finance, leveraged buyouts, leveraged leasing, and asset-backed securitisation. During 1981 to 1983, Mr Siddique worked for an economic consulting firm in Washington D.C.. Mr Siddique has more than 25 years of experience in international banking and finance and economic consulting, and investing in water and water-related infrastructure assets

Mr Siddique obtained a Bachelor of Science degree in Computer Science from the University of Maryland, College Park, United States of America in 1981, and a Masters in Business Administration from the Cornell University, United States of America in 1985.

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Mr Wong Heng Hwie is the Vice President, Finance of the Trustee-Manager. He assists our CFO in the overall financial management, corporate compliance, accounting and internal controls of the business trust.

Prior to joining the Trustee-Manager, Mr Wong was the Vice President, Finance of SunGard System Access, formerly known as System Access Limited. He was the Head of Finance in System Access, where he first assisted the then private limited company to a public listing on Singapore Exchange and then the take-over of the listed company by SunGard, a U.S. Fortune 500 company.

Mr Wong has more than 14 years of regional working experience in local listed companies, U.S. multi-national corporations and a leading international accounting firm. He had participated in numerous merger & acquisition exercises including joint ventures in the region. He was also involved in fund raising exercises comprising syndicated loans and banking facilities for the general funding requirement of these companies. He was primarily responsible for the companies' reporting functions and the principal internal control systems and procedures.

Mr Wong obtained a Bachelor of Accountancy (Merit) from Nanyang Technological University of Singapore in 1993. He is a non-practicing member of the Institute of Certified Public Accountants of Singapore.

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