Newmark Security PLC (LON:NWT), a leading provider of electronic and physical security systems, has announced the appointment of experienced Asian sector heavyweight, Terence Yap as an independent non-executive director, with immediate effect.
In a statement, Newmark noted that Yap is currently the chairman of Guardforce AI Co. Ltd, a group focusing on delivering technologically innovative security solutions within the Asia Pacific region which was established in 2018 and in the same year acquired Guardforce Cash Solutions (Thailand), a cash-in-transit business established in 1982 and which was formerly a wholly-owned subsidiary of G4S PLC (LON:GFS).
He was previously chief executive officer of the Guardforce Group, a leading security solution provider with more than 12,000 employees with operations in Hong Kong, Australia, Macau and Thailand.
Prior to joining the Guardforce Group, Yap was the chief financial officer of China Security and Surveillance Technology, Inc. (listed on both the NYSE and Dubai International Financial Exchange from 2007 to 2011) from 2006 to 2014. He was instrumental in transforming the business from a security equipment assembler/manufacturer into a service provider with strong recurring cashflows.
He is resident in Hong Kong, is a Singapore citizen and a former Army Officer. Mr Yap is a graduate of BBUS (Accounting & Finance), from the Swinburne University of Technology, Victoria, Australia and an MBA graduate from the Chinese University Hong Kong.
Marie-Claire Dwek, CEO of Newmark commented: "On behalf of the Board, I am delighted to welcome Terence as a Non-Executive Director. With over 25 years' of experience in the sector we are looking forward to his strategic advice as we plan the next phase of the business's growth and expansion.
“The addition of Terence to the Board with his depth of knowledge is a wonderful endorsement of our strategy and ambition."