Chief Executive Officer (CEO)

Job description and Responsibility for Chief ExecutiveOfficer and Executive Director, GEM Asset Management Pte Ltd

1. RoleOverview

TheChief Executive Officer (CEO) and Executive Director (ED) is responsible forthe overall management, strategic direction and operational performance of thecompany. The CEO & ED will oversee the company's business activities andensure that appropriate governance, compliance and risk management frameworksare established, implemented and maintained in accordance with applicable MASregulations, notices, guidelines and licensing conditions.

Workingclosely with the Board of Directors, shareholders, senior management andrelevant control functions, the CEOED will ensure that the company operatesresponsibly, maintains high standards of corporate governance, and fulfils itsongoing regulatory obligations.

He/shemust possess strong leadership capabilities; extensive financial marketsexperience and a sound understanding of Singapore's capital markets regulatoryframework.

2. Key Responsibilities

A.Corporate Leadership and Business Strategy

· Leadthe company's overall business operations, strategic planning and long-termdevelopment.

· Developand implement business strategies aligned with the Board's objectives,commercial priorities and risk appetite.

· Identifybusiness opportunities, develop strategic partnerships and strengthen thecompany's market position.

· Monitorbusiness performance and provide regular updates to the Board on strategicinitiatives, operational matters and financial results.

· Buildand lead a competent management team, fostering a culture of integrity,accountability, professionalism and regulatory compliance.

B.Regulatory Compliance and Governance

· Ensurethat the company's business activities comply with applicable MAS regulations,notices, guidelines, licensing conditions and relevant Singapore laws.

· Overseethe implementation and maintenance of appropriate compliance policies,procedures, internal controls and governance arrangements.

· Workclosely with the compliance function to monitor regulatory developments, assesscompliance risks, and implement necessary measures to address changes inregulatory requirements.

· Ensurethat regulatory obligations, including reporting, record-keeping andnotification requirements, are fulfilled accurately and within the applicabletimelines.

· Overseethe identification, escalation, investigation and remediation of materialcompliance breaches, control deficiencies and regulatory incidents.

· Promotea strong compliance culture throughout the organization and ensure thatemployees understand and adhere to applicable regulatory obligations andinternal policies.

· Ensurethat appropriate arrangements are in place for regulatory inspections, auditsand requests for information from MAS.

· Providethe Board with timely updates on material regulatory developments, compliancematters and remediation actions.

C.Operational Management

· Overseethe company's day-to-day operations and ensure that business activities areconducted efficiently and in accordance with established policies andprocedures.

· Ensurethat operational systems, processes and infrastructure remain appropriate forthe company's business activities and regulatory obligations.

· Overseesecurities trading operations, transaction processing, settlement arrangementsand relationships with relevant service providers where applicable.

· Establishclear lines of responsibility, appropriate delegation of authority andeffective management reporting procedures.

· Ensurethat business continuity, disaster recovery, cybersecurity and operationalresilience arrangements are maintained and periodically reviewed.

D.Risk Management and Internal Controls

· Overseethe implementation and maintenance of an effective risk management frameworkappropriate to the company's business model, activities and risk profile.

· Identify,assess, monitor, and mitigate material business, financial, operational,regulatory, technology and reputational risks.

· Ensurethat appropriate trading controls, risk limits, approval procedures andescalation mechanisms are established and maintained where applicable.

· Monitorthe effectiveness of internal controls and ensure that identified deficienciesare addressed promptly.

· Ensurethat material risk events, operational incidents and potential regulatorybreaches are escalated to the appropriate management personnel and the Board.

E.Supervision of Representatives and Employees

· Ensurethat employees and appointed representatives performing regulated activitiesmeet the applicable regulatory requirements.

· Overseeappropriate supervision arrangements in accordance with relevant MASrequirements.

· Ensurethat relevant personnel receive appropriate regulatory compliance andoperational training.

· Promotehigh standards of professional conduct, ethical behaviour and accountability.

· Addressmisconduct, competency deficiencies, and breaches of internal policies throughappropriate escalation and corrective measures.

· Ensurethat relevant personnel understand their responsibilities in maintainingcompliance with applicable laws, regulations, and internal policies.

F.Financial Management and Business Performance

· Overseethe company's financial planning, budgeting, cash flow management, andfinancial performance.

· Ensurethat the company maintains adequate financial resources and complies withapplicable regulatory financial requirements.

· Monitoroperating expenditure, revenue generation, profitability and financialsustainability.

· Establishappropriate financial reporting and management information systems to supporteffective decision-making.

· Reporton material financial matters and emerging financial risks to the Board in atimely manner.

· Ensurethat business expansion and investment decisions are consistent with thecompany's financial capacity, risk appetite and regulatory obligations.

G.Stakeholder and Board Engagement

· Maintaineffective communication with the Board of Directors, shareholders, investors,regulators, auditors, professional advisers and business partners.

· Serveas a key executive contact for MAS and other relevant regulatory authorities inrelation to the company's ongoing regulatory obligations.

· Providethe Board with regular updates on business performance, operational matters,compliance status, risk exposures and regulatory developments.

· Ensurethat material incidents, regulatory concerns and significant businessdevelopments are promptly communicated to the appropriate stakeholders.

· Supportthe Board in fulfilling its corporate governance, oversight and accountabilityresponsibilities.

3. OverallAccountability

· The CEO is ultimately responsible,within the authority delegated by the Board and subject to applicable laws andregulatory requirements, for the effective management and performance of thecompany's business operations.

· The role requires strong commercialleadership combined with a clear commitment to regulatory compliance, soundcorporate governance and effective risk management.

· The CEO must ensure that the company'soperations are conducted in accordance with applicable MAS requirements andthat appropriate systems, policies, procedures and controls are maintained tosupport the company's ongoing regulatory obligations and long-term businessobjectives.