HING LEE
Singapore
Summary
A dynamic and forward-thinking financial executive with comprehensive experience in driving profitability, leading corporate restructuring, and fostering business growth across diverse sectors. An experienced CFO/Senior Management and Finance Leader with extensive work experience and knowledge in all financial matters including audit, finance and business management in industries relating to Technology, Government, Insurance, Consumer Financing, Graphic art, Leisure and Hospitality sectors. A performance-driven professional with extensive practical experience in Senior Management/Finance Executive roles across international markets in Asia Pacific, Middle East, Africa, and the Americas. Known for business and financial advisory/consulting, with specialization in strategic business planning, corporate finance & financial management, finance transformation, talents development, business/corporate restructuring, M&A and enterprise risk management. Proven track record of fostering sustainable profitability and returns on investment across various sectors, including technology, government, insurance, consumer financing, and hospitality. Skilled in corporate restructuring, finance transformation, and mergers & acquisitions. Solid history of managing large, multicultural teams and translating complex challenges into actionable outcomes. Eloquent Communicator, adept at liaising across all corporate levels to drive commercial success and business growth.
Financial leader with strong track record in strategic planning, risk management, and financial analysis. Adept at driving financial growth through effective team collaboration and adaptive strategies. Known for reliability, flexibility, and results-driven approach. Skilled in budgeting, forecasting, and regulatory compliance, ensuring fiscal health and organizational success. Finance professional with extensive experience in financial strategy and corporate governance. Known for driving fiscal efficiency and implementing robust financial controls. Proven ability to collaborate with diverse teams and adapt to dynamic business environments, while excelling in financial reporting and strategic planning.
Overview
43
43
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
Crimsonlogic Pte Ltd
01.2012 - 01.2024
- Company Overview: (Technology Sector)
- Supervised 5 direct reports and co-ordinate activities of 45 indirect reports
- Drive company growth by spearheading strategic partnerships with business leaders and facilitating implementation of key initiatives
- Enhance corporate governance and support business expansion by devising risk management strategies and leading finance transformation efforts
- Optimize functions, including finance, legal, communication, and IT by proactively overseeing Corporate Services Division
- Bolster financial performance and effectiveness by driving Finance Transformation through restructuring and process improvements
- Streamline accounting processes and improve operational efficiencies by implementing SAP ERP platform
- Offer financial advisory on projects by developing robust pricing models and project accounting frameworks to drive profitability
- Prioritise customer-centric approaches by directing Corporate Legal, IT/IS, and Administration functions
- Received performance bonus and recognition from the Board for outstanding performance
- Instrumental in leading a successful acquisition of a company in China whose business contributed to an additional S$25M in annual revenue to the Group
- Deliver strategic direction for a five-year expansion plan by providing financial leadership and advisory to Board and Senior Management
- Added over S$100M in revenue by leading a team of 40 professionals across corporate services functions and overseeing corporate finance, legal, corporate communication, administration, and MIS/IT support for an organisation
- Secured S$60M in banking facilities by facilitating joint ventures and working capital for business expansion
- Transitioned Crimsonlogic from an SI company to a Products & Services company by collaborating with business leaders to execute a strategic shift
- Supported Management to achieve a 25-30% growth in product sales and digital trade services over past 1-2 years
- (Technology Sector)
Head of Finance (Country CFO)
AIA
01.2009 - 01.2011
- Company Overview: (Financial Services)
- Spearheaded the successful Finance Transformation at AIA Singapore
- Achieved a market cap of $25B, contributing to AIA's successful IPO in Hong Kong in 2010
- Awarded with a high-performance bonus and executive incentives for showcasing exceptional performance
- Collaborated with AIA HQ in Hong Kong to synchronize business, finance, and operations in AIA Singapore, a key market for AIA Group for successful $20B IPO exercise and listing on the HK Stock Exchange in 2010
- Provided Financial Stewardship and strategic business partnership that facilitated AIA Singapore's revenue growth by 30% to $2.7B with a profit increase of 25% in 2010, whilst marking a significant turnaround from AIG's crisis in 2008
- (Financial Services)
SVP & Chief Financial Officer
NTUC Income
01.2006 - 01.2009
- Company Overview: (Financial Services)
- Successfully reversed a loss of $70M in 2008 to a profit of $80M in 2009 and turnaround of Motor Insurance business
- Spearheaded efforts as a key member of the Management Executive Team to elevate INCOME’s market share of life business to the No
- 2 position in 2009
- Implemented effective and robust budget planning and control processes at NTUC Income
- Introduced a structured budget planning process for the first time in the history of NTUC Income
- Made significant contributions towards the corporate restructuring and transformation of NTUC Income in 2006
- (Financial Services)
Chief Financial Officer (Project Consulting)
Capital International Holdings
01.2004 - 01.2006
- Achieved a market cap of $50M by orchestrating successful IPO listing of Group’s Business Unit in Indonesia
- Positioned the Indonesia based Group for strategic growth with total revenue in the key markets amounted to $500M by ensuring successful completion of corporate restructuring for the Group’s core businesses in Indonesia, China, and Vietnam
IT Director/Group Financial Controller
Heidelberg
01.1994 - 01.2004
- Company Overview: (Asia Pacific)
- Played a pivotal role and contributed to the highly successful M&A transaction worth USD5.0 Billion for Heidelberg in Asia Pacific region covering the acquisition of EAC Graphics Distribution Network in 11 countries in 1997
- This included business valuation, financial due diligence, capital restructuring/funding and post-acquisition integration
- Instrumental in the implementation of SAP ERP systems, including Business Processes Improvements (BPO) for Heidelberg Asia Pacific Region covering 11 countries over the period 1997 – 2001
- Successfully set up, led and transformed the IT Services Functions for Heidelberg APAC Region
- (Asia Pacific)
Group Internal Auditor/Finance Manager
MBf Financial Services Group
01.1981 - 01.1998
- Company Overview: (Malaysia)
- (Malaysia)
Financial Controller
Singapore Cable Car
01.1989 - 01.1994
Education
Master of Business Administration -
University of South Australia
Skills
- Finance Transformation
- BPO
- Corporate Finance
- Budget Planning & Controlling
- Corporate Governance
- Sustainability
- IT & Project Management
- Working Capital Management
- Team Leadership
- Strategic Business Partnering
- Corporate Restructuring
- Financial Restructuring
- Financial Management
- Business Merger
- Acquisition
- Enterprise Risk Management
Certification
- Heidelberg Senior Executive Leadership Program | Heidelberg Academy/Oxford University
- Fellow of Chartered Management Accountants (FCMA) | AICPA & CIMA, UK
- Chartered Accountant | Institute of Singapore Chartered Accountants (ISCA)
- Advance Certificate in Performance Leadership (ACPL) | Institute of Adults Learning Singapore
- Khrysalis Coaching Certification Programme | International Coaching Federation (ICF)
Timeline
Chief Financial Officer
Crimsonlogic Pte Ltd
01.2012 - 01.2024
Head of Finance (Country CFO)
AIA
01.2009 - 01.2011
SVP & Chief Financial Officer
NTUC Income
01.2006 - 01.2009
Chief Financial Officer (Project Consulting)
Capital International Holdings
01.2004 - 01.2006
IT Director/Group Financial Controller
Heidelberg
01.1994 - 01.2004
Financial Controller
Singapore Cable Car
01.1989 - 01.1994
Group Internal Auditor/Finance Manager
MBf Financial Services Group
01.1981 - 01.1998
Master of Business Administration -
University of South Australia
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