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 19 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 $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 mergers and acquisitions (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.

He brings a cumulative 20 years of experience in corporate finance and transaction advisory across debt and equity capital markets and investment banking.

He oversees the accounting and financial reporting, tax, capital raise, treasury management and compliance functions for the Trustee-Manager and KIT. Prior to his appointment, Mr Bay was Director, Transaction Advisory (Corporate Finance) at Keppel Fund Management & Investment (Keppel), where he led capital raising and treasury management initiatives, including M&A funding strategies, for KIT and other listed entities within Keppel.

Before joining Keppel in 2018, Mr Bay held key positions in CIMB Investment Bank Malaysia and was subsequently 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 Tan joined the Trustee-Manager in 2025 as Director of Portfolio Management, where he is responsible for leading the Group’s portfolio strategy and optimisation efforts. In this role, he oversees portfolio construction, active portfolio management and capital allocation to ensure sustainable value creation and long-term growth for KIT Unitholders.He brings a cumulative 20 years of experience in corporate finance and transaction advisory across debt and equity capital markets and investment banking.

He plays a key role in driving strategic initiatives including evaluating investment opportunities, enhancing asset performance and optimising risk-adjusted returns across the portfolio. Mr Tan also works closely with senior management on capital deployment strategies and portfolio rebalancing to strengthen the Group’s financial resilience and competitive positioning.

Before joining Keppel, Mr Tan accumulated approximately 15 years of global investment experience in public and private markets, focusing on industrial, energy and carbon sectors. Mr Tan began his career at UOB Kay Hian and later held various investment roles within Temasek Holdings.

Mr Tan holds a Bachelor of Business Administration from Nanyang Business School and is a CFA® charterholder.