Mr Neo was appointed Chief Executive Officer of the Trustee-Manager on 1 October 2023.

Mr Neo joined the Trustee-Manager in 2016 and was a senior member of the Trustee-Manager’s investment team, leading several major investments (such as the acquisition of Ixom) and managing them thereafter, before he was appointed Deputy Chief Executive Officer of the Trustee-Manager in June 2023.

He has over 18 years of principal infrastructure and private equity investment, and corporate finance experience. He has invested across a wide range of infrastructure asset classes with over S$10 billion of transaction and advisory experience in developed and emerging markets across Asia Pacific, Europe and the Middle East.

Before joining Keppel, he held M&A advisory and investment positions in Samena Capital,  PwC Corporate Finance and Singapore Power respectively.

Mr Neo holds a Bachelor of Business Administration from the National University of Singapore (NUS) and is a CFA® charterholder. He received a scholarship from NUS and SembCorp Logistics in 2005.

Mr Raymond Bay was appointed Chief Financial Officer (CFO) of the Trustee-Manager with effect from 7 June 2024.

As the CFO, Mr Bay is responsible for the Trustee-Manager’s and KIT’s financial and reporting functions, including accounting, taxation, capital raising, treasury and compliance.

Mr Bay joined Keppel Fund Management & Investment (Keppel FM&I) in 2018. Prior to his appointment as CFO, Mr Bay was Director, Transaction Advisory (Corporate Finance), leading the debt capital and equity raising efforts and treasury matters for Keppel FM&I’s listed entities, including KIT and the REITs. Mr Bay also managed the funding strategy for the M&A activities of KIT and the REITs.   

Mr Bay has approximately 12 years of experience in transaction advisory, covering debt capital markets and investment banking. Mr Bay started his career with Ernst & Young Malaysia, before joining UOB Bank Berhad. Prior to joining Keppel, Mr Bay held key positions in CIMB Investment Bank Malaysia, where he was seconded to Singapore to expand CIMB’s debt capital market business.

Mr Bay holds a Masters Degree in Economics, Finance and Management from Bristol University, United Kingdom, and a First Class Honours, Bachelor of Accounting and Finance degree from Lancaster University, United Kingdom.

Mr Marc Liu has been with the Trustee-Manager since May 2015.

As Head of Portfolio Management and Optimisation, Mr Liu develops and implements value creation strategies to support business growth. He is also responsible for business and asset growth and optimisation, business integration, compliance and risk management, as well as ensuring sustainable operational and financial performance of the growing portfolio of KIT's assets.

His experience in managing critical infrastructure assets is instrumental to the Trustee-Manager. ensuring the successful integration of new acquisitions, as well as developing and executing their respective long-term business plans to drive business performance and create value for unitholders.

Prior to KIT’s merger with CitySpring in 2015, Mr Liu held Business Development and Investment roles with CitySpring since 2005.

Mr Liu received his Masters in Finance from San Diego State University, where he graduated with honours as Beta Gamma Sigma and earned his Bachelor of Economics degree from Shanghai University. He is a CFA® Charterholder.