MR. CHETAN CHOPRA

CHAIRMAN & INDEPENDENT DIRECTOR

Appointed Chairman: 27 November 2025

Appointed Director: 2 August 2023
Committees: Membership Committee
Other appointments: Director, Toea Homes Limited

Chetan Chopra is a seasoned finance executive with over 35 years’ experience in investment, superannuation and financial services globally, including 16 years in Papua New Guinea. He brings strong financial governance expertise, executive leadership capability and extensive professional networks to support CTSL’s strategic direction and member outcomes.

Chetan Chopra was appointed Chairman of the CTSL Board in November 2025. He joined CTSL after serving for six years as Chief Financial Officer of Kina Securities Limited. Prior to this, he was Chief Financial Officer of Nambawan Super Limited and previously worked as a PNG Partner at KPMG. His earlier career includes CFO roles with Dun & Bradstreet South Asia and senior leadership roles in both private and public sector organisations, including the Australian Taxation Office.

REAR ADMIRAL PHILIP POLEWARA,MBE

SHAREHOLDER DIRECTOR

Appointed: 24 June 2016 | Reappointed: 2 August 2023
Committees: Investment Committee; Membership Committee
Other appointments: Director, Toea Homes Limited

Rear Admiral Philip Polewara represents contributory members of the Fund and brings disciplined leadership and governance insight gained from three decades of naval and strategic command experience. He contributes a strong operational, security and stakeholder perspective to Board deliberations.

Rear Admiral Polewara served as a Naval Officer in multiple capacities, including as Navigating Officer, Executive Officer and Commanding Officer of various Naval Units from 1992 to 2022, including leadership during security operations in the Bougainville crisis period. He is a graduate of the US Naval Staff College, the US Joint Forces Staff College and the US Naval Command College, and served as an International Fellow at the US Naval War College after graduating in 2013. He holds a Bachelor of Business in Public Policy from the University of Papua New Guinea and a Master of Liberal Arts in International Relations from Salve Regina University (USA). He is a member of the PNG Institute of Directors.

MR. CHARLES LEE

DIRECTOR

Appointed: 4 August 2023
Committee leadership: Chairperson, Investment Committee
Committees: Remuneration & Nomination Committee
Other appointments: Chairman, Toea Homes Limited (since 7 November 2023)

Charles Lee has over 18 years of experience across superannuation, investment and financial services at executive and board levels. He brings strong capability in investment governance and performance oversight, and a track record of leadership across major institutions.

Charles previously served as Chief Investment Officer at Nasfund before transitioning to senior board and committee roles across organisations including BSP Financial Group, Capital Insurance Group (where he chaired the Audit and Risk Committee), Trukai Industries and Amalgamated Packaging Limited. He was the recipient of the 2018 PNG Institute of Directors Young Director of the Year Award. Charles holds a Bachelor’s degree in Business Economics from the University of Papua New Guinea, and postgraduate qualifications from Kaplan Institute Australia and Melbourne Business School in Applied Finance and Management.

MR. WARWICK GEORGE VELE

DIRECTOR

Appointed: 4 August 2023
Committee leadership: Chairperson, Membership Committee
Committees: Investment Committee; Audit, Risk & Compliance Committee
Other appointments: Director, Toea Homes Limited

Warwick George Vele is an experienced executive with cross-sector expertise in superannuation, banking, ICT, investment operations and international development. He contributes deep operational and strategic insight to strengthen governance and member outcomes.

Warwick previously served as Chief Technology Officer, and later General Manager Strategic Partnerships at Kina Securities Limited, and served as Chief Operating Officer at Nasfund. He currently holds the role of Program Implementation Director at DT Global (which acquired Cardno International Development). Warwick holds a Bachelor of Science from the University of Sydney.

MR. VERA RAGA

DIRECTOR

Appointed: 4 August 2023
Committee leadership: Chairperson, Remuneration & Nomination Committee
Committees: Audit, Risk & Compliance Committee; Membership Committee
Other appointments: Director, Toea Homes Limited

Vera Raga brings extensive governance and industry experience across superannuation, regulatory and public sector boards. He contributes deep governance, legal and stakeholder expertise, supporting strong decision-making and oversight.

Prior to joining CTSL, Vera served as a board member of Nasfund and NCSL. He is currently the Executive Officer of the Association of Superannuation Funds of Papua New Guinea and has served on boards including the National Housing Corporation and the Special Economic Zone Authority. Vera is a registered member of the AICD, PNG Institute of Directors and the Law Society of Papua New Guinea and practises law as an associate at Diwenis Lawyers. He holds a Bachelor of Law degree from the University of Papua New Guinea and has strong experience in trade union advocacy, including serving on the National Tripartite Consultative Council representing the PNG Banks & Financial Institutions Workers Union.

MRS. JUDY NETE KUK

INDEPENDENT DIRECTOR

Appointed: 25 September 2025
Committee leadership: Chairperson, Audit, Risk & Compliance Committee
Committees: Investment Committee; Remuneration & Nomination Committee
Other appointments: Director, Toea Homes Limited

Judy Nete Kuk is an accomplished finance executive with more than 20 years’ senior leadership experience across aviation and state-owned enterprises. She brings strong discipline in financial governance, audit readiness and enterprise-wide system transformation.

Judy attended her first Board meeting on 27 November 2025. She is currently the Chief Financial Officer of Air Niugini Limited, where she led the implementation of Oracle Fusion Cloud ERP and the modernisation of enterprise-wide financial systems. She previously served as Chief Financial Officer of Kumul Consolidated Holdings, contributing to the completion of statutory audits and strengthening balance sheet discipline under the national SOE Reform Agenda.

COLONEL RODNEY MANIHUAZI YAHAMANI

NON - INDEPENDENT DIRECTOR, STAKEHOLDER REPRESENTATIVE – CONTRIBUTORY MEMBERS

Appointed: 25 September 2025
Committees: Audit, Risk & Compliance Committee; Remuneration & Nomination Committee; Membership Committee
Other appointments: Director, Toea Homes Limited

Colonel Rodney Manihuazi Yahamani brings over 25 years of distinguished PNG Defence Force service, including senior leadership roles in defence legal and strategic administration. He strengthens Board oversight through disciplined governance, integrity and stakeholder accountability.

Colonel Yahamani attended his first Board meeting on 27 November 2025. His career spans strategic planning, military operations and defence legal and administrative management, supporting strong governance, risk management and organisational performance. As Shareholder Representative for contributory members, he supports CTSL’s commitment to integrity, accountability and long-term member interests.

VACANT POSITION

INDEPENDENT DIRECTOR

One Independent Director position is currently vacant.

CTSL is progressing the appointment process in accordance with the company constitution and regulatory requirements, including approval by the Bank of Papua New Guinea.