KPMG Singapore names Lee Sze Yeng as first female managing partner; commits $50m for innovation, ESG
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KPMG Singapore managing partner Ong Pang Thye (right) will step down on Oct 1 and be succeeded by Ms Lee Sze Yeng.
PHOTO: BT FILE
Chong Xin Wei
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SINGAPORE - KPMG Singapore said its managing partner Ong Pang Thye will step down on Oct 1 and be succeeded by deputy managing partner and head of audit Lee Sze Yeng.
The accountancy major also announced that it will commit $50 million over the next five years to boosting financial services innovation and environmental, social and corporate governance (ESG) capabilities.
Ms Lee, who has more than 20 years of experience in overseeing and delivering auditing outcomes and insights, will be KPMG Singapore’s first female managing partner.
She sits on the boards of the Singapore Business Federation Foundation, Singapore Economic Development Board and Duke-NUS Medical School, and is a member of the Accounting Standards Council for Singapore.
Through the $50 million investment, KPMG aims to foster collaboration and empower businesses with cutting-edge tools and resources for transformation and sustainability, Ms Lee said.
The firm will collaborate with industry stakeholders, fintech companies and regulators to support the digital transformation of businesses and financial market infrastructure.
Mr Ong said KPMG will focus on upskilling talent to meet evolving demand.
Its investments will help integrate the financial service sector with the real economy through data, digital assets and emerging business models.
Investments in ESG capabilities and workforce upskilling could also support businesses in going green amid the regulatory landscape and in capitalising on opportunities to implement sustainable and green technology.
