PwC appoints Yeoh Oon Jin as next Executive Chairman

Executive Chairman Gautam Banerjee announces his successor for PwC Singapore

Singapore, 17 June 2012 - PwC Singapore Executive Chairman Gautam Banerjee is pleased to announce the appointment of Yeoh Oon Jin as Executive Chairman Designate with effect on 1 July 2012. As Gautam’s successor to Singapore’s leading professional services firm, Oon Jin will be the next Executive Chairman of PwC Singapore on 1 January 2013.

Gautam Banerjee, the current Executive Chairman of PwC Singapore, will be retiring on 31 December 2012, having reached the firm’s mandatory retirement age for Partners after more than 30 years with the firm. Mr Banerjee was appointed Executive Chairman of the firm on 1 January 2004 and has seen to the successful growth of the Singapore firm, including the transformation of the firm from a predominantly audit and tax practice to a multi-disciplinary professional services firm. During his term, he brought the Singapore firm closer to the PwC network to promote exchange of talent and drive more seamless service to PwC’s regional and international clients. He has undertaken leadership positions within the wider PwC network – as member of PwC’s Global Strategy Council of leaders, as Chief Operating Officer of the network cluster within Asia, and as Interim Chairman of PwC India (2009- 2010).

Outside of PwC, Mr Banerjee is widely recognised for actively advancing the role of the private sector and the interest of Singapore as an international business centre. His current roles outside the firm include serving as Vice Chairman of the Singapore Business Federation, and serving on the Boards of the Economic Development Board, the APEC Business Advisory Council and the Yale-NUS College.  From 2007 to 2009, Mr Banerjee also served as Nominated Member of Parliament in Singapore. He was a member of the Corporate Governance Council of the Monetary Authority of Singapore (2010-2012) and the Steering Committee for Reviewing the Companies Act (2007-2009). 

Yeoh Oon Jin has been Leader of the Singapore firm’s Assurance service line since 2004, the firm’s largest practice in terms of revenue and headcount. Mr Yeoh has been with PwC for 25 years. He is a key and experienced member of the firm’s Leadership Team, and has led the firm through key growth milestones. He has also spearheaded key committees in the firm, including the PwC Singapore Strategies Committee and the firm’s Professional Standards Group. Mr Yeoh is a Board Member of the Accounting and Corporate Regulatory Authority, Jurong Town Corporation, National Arts Council and has been a Council Member of the Singapore Institute of Directors for the last five years. He is also a Council Member of the Institute of Certified Public Accountants of Singapore (ICPAS), Chairman of the Auditing & Assurance Standards Committee of ICPAS and Member of the Institute of Chartered Accountants in England and Wales.

Reflecting on his time with PwC, Mr Banerjee says:

“It has been a privilege and an honour to serve as Chairman of PwC Singapore.  Our ever-changing world offers many challenges and opportunities. My journey in PwC has been thoroughly exciting and enjoyable as PwC has given me many opportunities to meet people of all walks of life and nationality as well as to deal with both strategic and operational issues. Along the way, I had the opportunities to form friendships with many talented individuals and excellent leaders in Singapore and beyond. I am thankful for the strong support of a stellar team of Partners and colleagues from the Singapore firm and across the PwC network.”

“I am really pleased that Oon Jin will be my successor and we will work closely together to ensure a smooth leadership transition. We live in an age of uncertainty and the road ahead for the global economy will have many twists and turns. In such an environment, professional services firms such as PwC have much to offer to help companies chart their courses ahead. I strongly believe that under Oon Jin’s leadership, PwC Singapore will move forward to even greater heights and serve our clients with great distinction.” says Mr Banerjee.

Of Gautam, Mr Yeoh, the Executive Chairman Designate, says,

“I have the privilege of working with Gautam for many years.  He is a people’s leader and truly an inspiration for all of us in the firm. Creating value for our clients and people forms the basis for what we believe in and seek to do in PwC. Gautam has clearly demonstrated this and built a strong foundation of relationship and trust.”

On his appointment, Mr Yeoh continues:

“I feel both humbled and honoured to be chosen by my Partners to be the next Executive Chairman. I am excited about leading the Firm forward to serve our clients and stakeholders by giving them our best service and quality. To me, building relationships with the people around us, whether it is our clients, our community or our colleagues is paramount. Over the years, many of my clients and colleagues have become close friends. PwC has a distinctive brand in the market. I am confident that PwC will to continue to serve our clients well and contribute to their success.”

ENDS

 

Notes:

Media contacts
Lisa LY Chong (Direct Line: +65 6236 3972, e-mail: lisa.ly.chong@sg.pwc.com)
Eugene Y Tan (Direct Line: +65 6236 3950, e-mail: eugene.y.tan@sg.pwc.com)
Chen Yih Lin (Direct Line: +65 6236 3960, e-mail: yih.lin.chen@sg.pwc.com