Sasseur Asset Management’s CFO Was Probed By MAS For Personal Securities Trading
Dec 8, 2022 – The manager of Sasseur REIT said it had been notified by Xie Jianfeng, the Chief Financial Officer of the Manager, that he was required by the Monetary Authority of Singapore (MAS) and the Commercial Affairs Department to attend an interview which took place on December 5, 2022.
Xie informed the manager that the authorities are conducting an investigation under the Securities and Futures Act of Singapore 2001, and he was requested to attend the interview at the MAS as he appeared to be acquainted with the circumstances of a case being investigated. The investigation relates to Xie’s personal trading of securities which had occurred before he became an employee of the manager.
Xie has surrendered his passport to the authorities pending further investigations. Meanwhile, he has continued to discharge his duties. His suitability as CFO will be assessed when there are material developments, according to the statement.