Appointments to the Accounting Standards Council

1. The Minister for Finance has re-appointed Mr Kevin Kwok as Chairman of the Accounting Standards Council (“ASC”). Mr Cheung Pui Yuen, a member of the ASC, has been re-appointed to the ASC, taking over from Mr Nagaraj Sivaram as the new Deputy Chairman. In addition, five new members have been appointed and nine other members have been re-appointed, for terms till 31 October 2019.

1. Mr Cheung Pui Yuen is currently Deputy Managing Partner (Operations) at Deloitte & Touche LLP. He has more than 25 years of experience in the accountancy profession, and has served on the ASC since 1 November 2013.

1. The five new members are:

• Mr Choo Chek Siew
  Group Chief Financial Officer
  ComfortDelGro Corporation Limited
   

• Mr Shekaran Krishnan
  Partner, Assurance
  Ernst & Young LLP
   

• Mr Marcus Lam
  Partner – Head of Assurance
  PricewaterhouseCoopers LLP
   

• Mr Andrew Lim
  Group Chief Financial Officer
  CapitaLand Limited
   

• Mr Ow Fook Chuen
  Accountant-General
  Accountant-General’s Department

A brief write-up of the five new members can be found at Annex A.

1. The nine re-appointed members are:

• Mr Chan Hon Chew
  Chief Financial Officer
  Keppel Corporation Limited
   

• Ms Cheng Ai Phing
  Independent Director
  Fortune REIT
   

• Dr Choo Teck Min
  Associate Professor, Division of Accounting
  Nanyang Business School
  Nanyang Technological University
   

• Mr Yeo Ek Khuan
  Assistant Honorary Treasurer
  Association of Small and Medium Enterprises
   

• Mr Yeo Wico
  Allen & Gledhill LLP
   

• Dr Ang Hak Seng
  Deputy Secretary
  Commissioner of Charities
  Executive Director, Registry of Co-operative Societies and Mutual Benefit Organisations
  Ministry of Culture, Community and Youth
   

• Mr Ng Yao Loong
  Executive Director
  Markets Policy & Infrastructure Department
  Monetary Authority of Singapore
   

• Mr Ong Khiaw Hong
  Chief Executive
  Accounting and Corporate Regulatory Authority
   

• Mr Marvin Sim
  Registrar, Registry of Societies}
  Ministry of Home Affairs
  
  The full list of ASC members is at Annex B.

1. Mr Nagaraj Sivaram is Assurance Partner at EY. He was a member of the ASC from 1 November 2009 to 31 October 2017, and served as Deputy Chairman from 1 November 2012 to 31 October 2017. He has played an important role in ASC’s policy review on convergence with International Financial Reporting Standards for Singapore-incorporated companies listed on the Singapore Exchange. He has also raised the standing of the ASC through his expertise and representations at international accounting standard-setting meetings.

1. The Ministry of Finance welcomes the new members and would like to express our appreciation to Mr Nagaraj Sivaram for his significant contributions to the ASC.

  Annexes (273 KB)