- Appointment of seven experienced professionals to create new Business Valuation & Advisory Team
- Creates unique full service offering to meet growing demand across South East Asia
- Business Valuation & Advisory Team to be led by industry veteran, Eric Teo, and complement Savills existing Valuation & Advisory offering
- Positions Savills for further continued growth in the region in 2019
Savills, one of the world’s leading real estate services providers, announces the expansion of its offering with a new Business Valuation & Advisory Team. The team will be made up of seven experienced professionals and directly complement Savills existing real estate Valuation & Advisory business.
The Business Valuation & Advisory team will bring significant expertise by providing business valuation and advisory services including the valuing of companies, equity interests, shares and intangible assets for all purposes and providing strategic advice to organisations in varying stages of their development.
The team will be led by Eric Teo, an industry veteran who has over 25 years of professional experience. Eric is presently Chairman of the International Valuation Standards Council’s (IVSC) Membership and Standards Recognition Board and Founding Chairman of the Council of the Institute of Valuers and Appraisers of Singapore (IVAS). IVSC sets the International Valuation Standards for the global valuation profession, and IVAS is an institute set up by the Singapore Accountancy Commission, a Statutory Body of the Ministry of Finance, to advance the business valuation profession. Eric is also actively involved in academia and is an Adjunct Associate Professor/Faculty of NTU, SUSS, SMU, SIT and Murdoch University.
Eric will be joined by Jason Doan and Jason Tan, both Executive Directors, who bring over 60 years of experience between them. The team will be based in Singapore and work with clients across South East Asia. This new setup will be part of Savills Valuation & Advisory business.
Martin Fidden, Regional Director, Asia, Valuation & Advisory, commented: “It has long been our wish to establish a presence in the Business Valuation market in South East Asia. The appointment of Eric and the team will enable us to offer an experienced and leading service to meet the diverse needs of our clients.”
Cynthia Ng, Managing Director, Valuation & Advisory, commented: “Eric and the team will bring unparalleled expertise to our Valuation & Advisory business. They have a proven track record and their collective years of experience will add to our already strong practice.”
Commenting on his appointment, Eric Teo, Head, Business Valuation & Advisory, South East Asia, said; “As a team we have long admired Savills and the work they do as one of the leading operators in the region. This is an exciting time to be joining and we are ideally placed to support the increasing transaction activities in the region. We look forward to providing seamless service to our clients, to partner and help them deal with the challenges they face.”