Deloitte Southeast Asia announces change in executive leadership
Kuala Lumpur, 3 March 2016 – Deloitte Southeast Asia today announced that Philip Yuen, currently Deloitte Singapore Chief Executive Officer (CEO), will succeed Chaly Mah as Deloitte Southeast Asia’s next CEO.
Philip will assume the new role on 1 June 2016. He succeeds Chaly, who will retire from Deloitte Southeast Asia at the end of Deloitte’s fiscal year on 31 May 2016. Deloitte Southeast Asia comprises 270 partners and over 7,300 professionals in 25 office locations.
“I am honored to have been selected by my partners as Deloitte Southeast Asia’s next CEO. It is a privilege to be part of an organisation that delivers high quality services and innovative solutions to our clients, develops the most talented professionals into leaders and does its part to make an impact in the communities in which we operate,” said Philip. “Chaly is a visionary leader and has built a strong firm in the region. These are big shoes to fill and I am deeply humbled to succeed him. I am excited to be given this privilege to lead the firm into this next chapter and we will continue to make significant investments to develop our talent and our services to serve our clients with distinction and raise the bar for the profession.”
Chaly is the current CEO of Deloitte Southeast Asia and Chairman of Deloitte Singapore. He was the CEO of Deloitte Asia Pacific and a member of the Deloitte Global Executive for the past eight years. He is also a member of the Deloitte Global Board and is currently the Vice Chairman of the Board. He started his career with the firm in Melbourne and has been with the firm for over 38 years.
Under Chaly’s vision and leadership, the organisation has grown into one of the leading professional services firms in the region today. The Deloitte Southeast Asia firm was formed under his leadership, when the partners saw the significant advantage of working together as one firm across Southeast Asia, and came together across eight countries (Singapore, Brunei, Guam, Indonesia, Philippines, Malaysia, Thailand and Vietnam) in 2007. The firm has since expanded and established practices in Cambodia, Lao PDR, and Myanmar, to better serve its ASEAN clients operating within the ASEAN Economic Community.
Chaly continues to serve on the boards of the Singapore Economic Development Board, Sentosa Development Corporation, Singapore International Chamber of Commerce, Singapore Accountancy Commission and National University of Singapore Board of Trustee.
Philip’s leadership appointment is part of a rigorous and comprehensive succession and nomination process, which was overseen by the Board of Directors of Deloitte Southeast Asia.
“Philip’s experience as Deloitte Singapore CEO – the largest and most complex country practice in our Southeast Asia network – combined with his over 30-year career with Deloitte – makes him the right leader for Deloitte in the region. I am confident Philip will lead the firm to even greater success.” said Chaly. “It has been an honour and a privilege to serve as the Deloitte Southeast Asia CEO for the past 10 years. I am really proud to have worked alongside so many highly talented people during my career with the firm and I would like to thank all our clients and friends for their strong support and trust in Deloitte.”
Philip started his career as an auditor with Deloitte Haskins & Sells in 1985. He joined Deloitte Singapore in 1991 and was admitted as an Audit Partner in 1996. He has more than 30 years of public accounting experience in the United Kingdom and Singapore. He was appointed CEO of Deloitte Singapore on 1 June 2010 and is currently serving as the Southeast Asia Clients & Industries Leader.
Philip has extensive experience in the audits of multinational and local companies in a number of industries. Besides advising companies on listing on the Singapore Exchange, he has led teams in special investigation and system audits. In addition, he has performed acquisition and due diligence reviews of companies in Asia Pacific. Prior to being the CEO of Deloitte Singapore, Philip held the positions of Talent Partner and Chief-of-Operations. Philip is a Chartered Accountant of Singapore and a member of the Institute of Chartered Accountants in England and Wales. He is also a Fellow Member of CPA Australia and the President of CPA Australia (Singapore Division) and a Board member of the Singapore Land Authority.