As part of leadership development and succession planning, Singapore-based investment banking advisory firm SAC Capital announced on Feb 9 a series of leadership transition and key personnel movements
Tan Kian Tiong has been promoted to chief operating officer (COO) on Feb 6, succeeding Bernard Lim, who has stepped down from his role as COO and remains as senior partner in SAC Capital’s management team.
“Kian Tiong’s appointment reflects our confidence in young leaders who have grown with the firm and understand our clients, our markets, and our purpose. Meanwhile, Bernard has been a significant part of SAC Capital’s growth and foundation, and we are grateful that he will continue to drive new initiatives for the firm,” says Ong Hwee Li, SAC Capital’s chief executive officer (CEO).
In Lim’s new position as senior partner, he will continue to oversee some business functions, with a focus on mergers and acquisitions (M&A), digital transformation and corporate development initiatives.
Meanwhile, Lee Khai Yinn, partner and head of continuing sponsorships (CS) has been identified as part of the leadership succession plans while heading the CS department.
At the same time, SAC Capital also undertook a strategic realignment of talent to support new market opportunities.
See also: HSBC Singapore appoints new director to board
Charmian Lim and Tay Sim Yee, both partners from the CS team, have transitioned to the Capital Markets team. Tay will focus on share placements and corporate restructuring transactions, while Lim will focus on corporate finance advisory.
“By strengthening our leadership bench and empowering the next generation, we ensure continuity, stability, and fresh energy to serve our clients. This is how we go beyond, not just for today, but for the future of Singapore’s capital markets,” adds Ong.
