Deloitte appoints Valerie Heng as Director in its Treasury Advisory practice to support its expansion in Southeast Asia

SINGAPORE, 30 May 2022 – Deloitte today announced the addition of a senior hire in Singapore to its Treasury Advisory practice in Southeast Asia. Valerie Heng, who previously led Lenovo’s Global Treasury Operations across Asia Pacific, will join Deloitte as a Director and lead for their advisory services to corporate clients in Southeast Asia.

François-Dominique Doll, Partner and Deloitte Global Treasury Advisory Southeast Asia Leader shared, “The COVID-19 pandemic has accelerated the need for corporates in Southeast Asia to transform their treasury operations and centralise their cash and liquidity management. Working with virtual teams and facing external challenges like rising interest rates and currency volatility, the need for external advisory services to strengthen core processes and governance is vital to manage financial risks. Treasury is a dynamic field, and we look forward to work with corporates to help them define the future of treasury.”

“We are delighted to welcome Valerie to the team. In addition to her comprehensive experience and deep industry knowledge, she has a strong client focus, making her an ideal leader as we build on the success and growth of our Treasury Advisory business,” added Francois.

Valerie brings over 20 years of Global Treasury Management experience with track records of setting up centralised treasury operations overseeing cash management and treasury back-office activities with Lenovo, Menlo Worldwide and Cargill. Prior to joining Deloitte, she headed the Global Treasury Operations for Lenovo across Asia Pacific, Europe, Middle East and the Americas region, navigating a complex regulatory environment to centralise cash across multiple countries. She was instrumental in setting up sophisticated cash pooling solutions from Europe and US to Asia and rolling out e-commerce payments in Asia.

Deloitte’s Treasury Advisory practice is a global leader in treasury transformation for corporates. With 20 dedicated treasury practitioners based in Singapore, Indonesia and Malaysia, supported by treasury accounting and tax experts, and access to Deloitte treasury professionals across its global network, the Treasury Advisory practice in Southeast Asia has global reach and advises international organisations on treasury governance, cash and liquidity, risk management and treasury technology supporting the selection, implementation and support of key treasury management systems in the market. Deloitte Treasury Advisory leaders have been named Asia’s Best Treasury Consultants for 2019 and 2020 by the Corporate Treasurer.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which is a separate and independent legal entity, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.