The Board of FSLTM, as Trustee-Manager of FSL Trust, comprises individuals with a broad range of commercial expertise including expertise in the structured finance and shipping industry. The Board has five Directors, three of whom are independent.
Stathis Topouzoglou was appointed as a Non-Independent, Non-Executive Director of the Trustee-Manager on 28 February 2018, and Chairman of the
Trustee-Manager on 9 March 2018.
Mr Topouzoglou is an entrepreneur with more than 40 years' experience in founding and growing companies in the transportation and energy sector. He is the principal shareholder and founder of Prime Marine Group and serves as Chief Executive Officer of Prime Marine Management Inc. since 1999, a predecessor of Prime Tanker Management Inc. and Prime Gas Management Inc., worldwide leading international product tanker and gas carrier management companies with a fleet of 14 vessels.
Mr Topouzoglou is also a founding partner and member
of the BOD of Energean PLC (formerly: Energean Oil &
Gas PLC), an independent exploration and production
company focused on developing gas resources in the
Mediterranean, listed on the London Stock Exchange as
well as the Tel Aviv Stock Exchange.
Mr Topouzoglou holds a B.A. in Business Administration
and Economics from the University of Athens, Greece.
Michael Chalkias was appointed as a Non-Independent
and Non-Executive Director of the Trustee-Manager on
9 March 2018.
Mr Chalkias co-founded Prime Marine Group in Greece
in 1999 and serves as Co-Chief Executive Officer of Prime
Marine Management Inc., Prime Tanker Management Inc.
and Prime Gas Management Inc., leading international
managers of product tankers and gas carriers.
Mr Chalkias counts more than 25 years in the shipping
industry, during which he has accumulated extensive in-depth knowledge in all aspects of the shipping business
and established strong relationships in the maritime
industry. Through his career, Mr Chalkias has invested in
many ships, mainly product tankers and gas carriers, and
has also partnered with a number of reputable US-based
private equity funds.
Prior to co-founding Prime Marine, he was employed
by Tufton Oceanic Limited, a specialized shipping
finance and investment firm in London, where he was
actively involved in debt and equity instrument as well as
structured financing transactions.
Mr Chalkias holds an MSc with Distinction in Shipping,
Trade & Finance from the Cass Business School of London
and a BSc with Honours in Maritime Business and Law
from the University of Plymouth, United Kingdom.
Michael Gray was appointed as the Lead Independent,
Non-Executive Director of the Trustee-Manager on 11
May 2015. He is also the Chairman of the Audit and Risk
Committee, as well as a member of the Remuneration
Committee and the Nominating Committee.
Mr Gray is a qualified accountant with 35 years'
experience in professional practice across a number
of international markets. He trained as a Chartered
Accountant with Coopers & Lybrand in the United
Kingdom and moved to Coopers & Lybrand
Singapore in 1978, retiring from the merged firm of
PricewaterhouseCoopers in 2004. During this time,
he founded the PricewaterhouseCoopers' practice in
Indochina and was the Territorial Senior Partner for eight
years thereafter. Prior to practicing as an accountant,
Mr Gray spent 10 years in the shipping industry as an
officer in the Merchant Navy. Mr Gray was a member of
the Publications Committee of the Singapore Institute of
Directors and former editor of the SID Bulletin. He received
the Public Service Medal (P.B.M.) from the Singapore
Government in 1992, the Public Service Star (B.B.M.) in
1999 and the Public Service Star Bar (B.B.M. [L]) in 2010.
Mr Gray holds an M.A. in South East Asian Studies
from the National University of Singapore and a BSc in
Maritime Studies from the University of Plymouth, United
Kingdom. He is a Fellow of the Institute of Chartered
Accountants in England and Wales, the Institute of
Singapore Chartered Accountants, the Singapore
Institute of Directors, and the Chartered Institute
Logistics and of Transport.
Michael Oliver was appointed as an Independent,
Non-Executive Director of the Trustee-Manager on 26
June 2013. He is also the Chairman of the Remuneration
Committee and the Nominating Committee, as well as a
member of the Audit and Risk Committee.
Mr Oliver has over 40 years of international experience
in the banking and financial services industry. He
served as Regional Board Member, Asia/Oceania
for Commerzbank AG until his retirement in 2005.
As the Regional Chief Executive, he was responsible
for Commerzbank's branches as well as its merchant
banking subsidiaries and corporate banking business
in the Asia Pacific region. During his service of more
than 19 years at Commerzbank, he also held senior
positions in London, United Kingdom, and Hong Kong.
Before joining Commerzbank, Mr Oliver was with The
First National Bank of Boston for 18 years from 1967,
holding a variety of commercial banking, leasing and
corporate finance positions in the US, Australia and
Europe; and, prior to that, The National Bank Limited,
London, for 2 years.
Narayanan Sreenivasan was appointed as an Independent, Non-Executive Director of the Trustee-Manager on 20 September 2016. He is also a member of the Audit and Risk Committee, the Remuneration Committee and the Nominating Committee.
Mr Sreenivasan has been Managing Director of K&L Gates
Straits Law LLC (and its predecessor firms), an international
law firm, since 2003 and was appointed Senior Counsel by
the Chief Justice of Singapore in 2013. Over the course of his
career, Mr Sreenivasan has had an extensive practice in most
areas of commercial litigation, such as contracts, directors'
duties, banking facilities, international trade, engineering
and technical matters, trust and fraud, and corporate and
shareholder disputes. He has served on the Criminal Law
Advisory Committee (Hearing) of the Ministry of Home Affairs
and the Home Detention Advisory Committee for over 20 years,
and was awarded the Public Service Medal (P.B.M.) from the
Singapore Government in 2014.
Mr Sreenivasan holds a LLB (Hons) from the National University
of Singapore and is a Fellow of the Chartered Institute of
Arbitrators (UK) and the Singapore Institute of Arbitrators.
He is a specialist mediator with the Singapore International
Mediation Centre. He is also a director of the Law Society Pro
Bono Office.