APPOINTMENTS TO THE SINGAPORE ACCOUNTANCY COMMISSION (SAC)

Transcription

1 Press Release APPOINTMENTS TO THE SINGAPORE ACCOUNTANCY COMMISSION (SAC) 1. The Minister for Finance has re-appointed Mr Michael Lim, Chairman of the Land Transport Authority and Nomura Singapore Limited, as Chairman of the Singapore Accountancy Commission ( SAC ). 2. The Minister for Finance has also appointed Mr Chaly Mah, Chairman of Deloitte Singapore, as Deputy Chairman of the SAC. In addition, two new members have been appointed and 11 other members have been reappointed to the SAC. These appointments will take effect from 1 April The two new members are: Mr Sim Guan Seng Baker Tilly TFW LLP Mr Yee Ping Yi Deputy Secretary (Policy) Designate 1 Ministry of Finance A brief write-up on the Deputy Chairman and two new members is at Annex A. 4. The 11 re-appointed members are: Mr Chng Lay Chew Singapore Exchange Mr Gerard Ee President Institute of Singapore Chartered Accountants Ms Rachel Eng Joint 1 Mr Yee Ping Yi will be appointed Deputy Secretary (Policy), Ministry of Finance, with effect from 1 April 2015.

2 Wong Partnership LLP Mr Kon Yin Tong Foo Kon Tan LLP Ms Leong Wai Leng Temasek Holdings Mrs Deborah Ong Assurance Partner, Risk and Quality Leader PricewaterhouseCoopers LLP Mr Quek Suan Kiat Vice Chairman Barclays Bank PLC Singapore Mr Tham Sai Choy KPMG in Singapore Chairman KPMG Asia Pacific Prof Gillian Yeo Associate Dean Nanyang Business School, Nanyang Technological University Mr Uantchern Loh Chief Executive Singapore Accountancy Commission Mr Kenneth Yap Chief Executive Accounting and Corporate Regulatory Authority 5. The Ministry of Finance and the Singapore Accountancy Commission welcome the new members and would like to express our appreciation to the following retiring members for their invaluable contributions to the SAC: Dr Ernest Kan Chief of Operations (Clients and Markets) Deloitte Singapore

3 Mr Chan Hon Chew Keppel Corporation Ltd Mr Paul Lee RSM Chio Lim LLP 6. The SAC comprises fifteen members, including Chairman, Mr Michael Lim. The list of members of the SAC, with effect from 1 April 2015, is at Annex B. Issued by Ministry of Finance Singapore 30 March 2015 For media enquiries, please contact: Name: Jenny Ng Tel: Jenny_ng@mof.gov.sg About the Ministry of Finance ### The Ministry of Finance aims to advance the well-being and development of Singapore through Finance. The Ministry strives to achieve a balanced budget through prudent fiscal policy, foster a regulatory environment conducive to business and enterprise, ensure prudent investment of the Government's reserves and other public funds, and sets policies for government procurement, e-government, customs regulation, accounting standards and business regulation. We achieve this together with our departments (Accountant-General s Department, Centre for Public Project Management, Singapore Customs and Vital Centre for Shared Services), and statutory boards (Accounting & Corporate Regulatory Authority, Inland Revenue Authority of Singapore and Tote Board). For more information, please visit

4 Annex A New Members of the SAC Mr Chaly Mah ( 马 志 强 ) Chairman, Deloitte Singapore Mr Mah, Chairman of Deloitte Singapore, is also the CEO of Deloitte Asia Pacific and Deloitte Southeast Asia. He has been with the Singapore practice for over 30 years, including five years with its Melbourne office. Mr Mah is both a member of Deloitte s global Board of Directors, which represents the interests of its member firms and their partners, and its Executive, which leads and manages the global organisation s affairs, and is responsible for determining the global vision and setting its strategic course. Mr Mah graduated with a Bachelor of Commerce degree from the University of Melbourne. He is a Chartered Accountant of Australia and Singapore and a Fellow Member of CPA Australia, Institute of Singapore Chartered Accountants (ISCA) and The Association of Chartered Certified Accountants (ACCA).

5 Sim Guan Seng ( 沈 元 盛 ), Baker Tilly TFW LLP As, Guan Seng provides strategic direction and oversees the day-to-day operation of the firm, as well as the practice development initiatives within the firm. He possesses more than 25 years of public and commercial accounting experience in Singapore which started at Arthur Andersen till he was appointed Head of Operations with stock-broking house GK Goh. He started his own accountancy and business services firm in 1992 which merged with Baker Tilly TFW in He holds a Bachelor of Accountancy from the National University of Singapore. He is a Certified Internal Auditor and a Fellow Chartered Accountant of Singapore. He is also the Honorary Consul for the Republic of Botswana.

6 Yee Ping Yi ( 余 秉 义 ) Deputy Secretary (Policy) - Designate Ministry of Finance Singapore Mr Yee Ping Yi will be appointed as Deputy Secretary (Policy) in the Ministry of Finance, Singapore, on 1 April Prior to the Ministry of Finance, Mr Yee worked at the Central Provident Fund Board as its Chief Executive from January 2011 to March He had previously served in management positions at the Civil Service College, the Ministry of Health and the Public Service Division. Mr Yee also worked at the Economic Development Board and the Ministry of Trade and Industry. Mr Yee graduated in 1994 from Cambridge University, majoring in electrical engineering. He received an MBA from the MIT Sloan School of Management in 2001

7 ANNEX B Singapore Accountancy Commission (Effective from 1 April 2015) Chairman : 1. Mr Michael Lim Chairman Land Transport Authority and Nomura Singapore Limited Deputy Chairman : Members : 2. Mr Chaly Mah Chairman Deloitte Singapore 3. Mr Chng Lay Chew Singapore Exchange 4. Mr Gerard Ee President Institute of Singapore Chartered Accountants 5. Ms Rachel Eng Joint Wong Partnership LLP 6. Mr Kon Yin Tong Foo Kon Tan LLP 7. Ms Leong Wai Leng Temasek Holdings 8. Mrs Deborah Ong Assurance Partner, Risk and Quality Leader PricewaterhouseCoopers LLP 9. Mr Quek Suan Kiat Vice Chairman Barclays Bank PLC Singapore

8 10. Mr Tham Sai Choy KPMG in Singapore Chairman KPMG Asia Pacific 11. Prof Gillian Yeo Associate Dean Nanyang Business School, Nanyang Technological University 12. Mr Sim Guan Seng Baker Tilly TFW LLP 13. Mr Yee Ping Yi Deputy Secretary (Policy) Ministry of Finance 14. Mr Uantchern Loh Chief Executive Singapore Accountancy Commission 15. Mr Kenneth Yap Chief Executive Accounting and Corporate Regulatory Authority