The CTSL Board comprises a diverse group of independent and member-representative Directors who collectively bring the skills, experience, and judgment required to govern a licensed corporate trustee. Working as an integrated team, the Board fosters open dialogue, shared accountability, and evidence-based decision-making to provide strong oversight of the Defence Force Retirement Benefits Fund.
Guided by CTSL’s values and strategic priorities, the Board brings together financial, investment, legal, governance, and operational expertise to address complex issues, resolve legacy challenges, and steward the Fund in the long-term interests of its members. Through structured committee work and collaborative engagement with management and regulators, the Board creates the conditions for prudent risk management, sustainable performance, and sound governance in a dynamic and evolving environment.
The composition is designed to ensure continuity, quorum, and balanced participation, while enabling Directors to work collaboratively across committees, share expertise, and respond effectively to evolving governance needs.
✔ denotes committee membership, “–“ denotes no appointment
Committee composition is reviewed periodically and may be adjusted to reflect changes in Board membership and governance priorities.
CTSL’s Board and Committee structures are designed to support effective Board dynamics through diversity of skills, balanced workloads, and open, informed dialogue. Committee membership is periodically reviewed to ensure appropriate coverage, quorum, and alignment with prudential standards, while fostering collaborative oversight and continuous improvement in governance performance.
CTSL upholds the highest standards of corporate governance in managing our members’ retirement savings. We operate within a strict regulatory framework governed by:
Our independent and experienced Board of Directors provides oversight to ensure the Fund is professionally and ethically managed.
Strong governance, compliance, and risk management are central to how we serve our members.
Professional Summary
Chetan Chopra is an experienced finance executive with over 25 years’ experience in Papua New Guinea across the banking and superannuation sectors, complemented by senior international roles in the United States and India. He has held executive leadership positions including Chief Financial Officer at Kina Securities Limited and Nambawan Super Limited and was previously a Partner at KPMG PNG.
Chetan brings deep expertise in financial governance, risk management, compliance, and corporate strategy, providing strong leadership and oversight to the CTSL Board.
Key Expertise & Contributions
Board & External Roles
Education & Professional Memberships
Professional Summary
Rear Admiral Philip Polewara has a distinguished military career spanning senior command, national security leadership, and international defence engagement. He commanded multiple naval units and played a key leadership role during the Bougainville crisis. His experience brings a strong strategic, security, and institutional governance perspective to the CTSL Board.
Key Expertise & Contributions
Board & External Roles
Education & Professional Memberships
Professional Summary
Vera Raga brings extensive experience in governance, policy oversight, and organisational leadership. Her background spans public sector engagement, institutional strengthening, and board-level decision-making, contributing to balanced and values-driven governance at CTSL.
Key Expertise & Contributions
Board & Committee Roles
Professional Summary
Charles Lee is a seasoned investment and superannuation professional with over 19 years of experience across banking, funds management, investment advisory, and insurance. He previously served as Chief Investment Officer at Nasfund and has held board roles across major financial institutions, including BSP Financial Group and Capital Insurance Group. He was recognised by the PNG Institute of Directors as Young Director of the Year (2018).
Charles brings strong capability in investment strategy, portfolio oversight, risk governance, and disciplined decision-making to support CTSL’s investment outcomes.
Key Expertise & Contributions
Board & Committee Roles
Director, CTSL Board · Director, Toea Homes Limited Board
Chair, Investment Committee, CTSL
Member, Renumeration & Nomination Committee, CTSL
Chairman, Toea Homes Limited
Education & Professional Memberships
Professional Summary
Warwick brings commercial acumen and governance experience across investment, organisational leadership, and board oversight. His contribution supports CTSL’s strategic direction, committee effectiveness, and prudent risk management.
Key Expertise & Contributions
Board & Committee Roles
Professional Summary
Judy Nete Kuk is an accomplished finance executive with more than 20 years of senior leadership experience across aviation, state-owned enterprises, and the private sector. 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.
Judy previously served as Chief Financial Officer of Kumul Consolidated Holdings, playing a key role in completing statutory audits and strengthening balance-sheet discipline under the national SOE Reform Agenda.
Key Expertise & Contributions
Board & External Roles
Education & Certifications
Professional Summary
Colonel Rodney Manihuazi Yahamani brings over 25 years of distinguished service in the Papua New Guinea Defence Force, including senior leadership roles such as Director of Legal Services at Defence Headquarters. His career spans strategic planning, military operations, legal and defence administration, providing disciplined insight into governance, risk management, and organisational performance.
As the Shareholder Representative for contributory members, Colonel Yahamani strengthens CTSL’s commitment to integrity, accountability, and the long-term interests of members.
Key Expertise & Contributions
Board & External Roles
Education & Certifications
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