Shortly after opening its new Singapore office financial services regulatory consultancy Bovill has appointed Eddie Lim as new head of Bovill Asia.
Bovill launched its Asian operation last month, opening a new office in Singapore. Building on 15 years of experience in the UK, the team will help brokers, banks, wealth managers and venture finance firms with ongoing compliance and specialist regulatory projects. Clients include those already based in Singapore and the wider region, as well as those planning to enter the market.
Lim has a broad scope of expertise encompassing a range of compliance matters, including Monetary Authority of Singapore regulation and anti-money laundering work. He joins Bovill from Duff & Phelps-owned Kinetic’s Singapore branch where he was vice-president and a key member of the team responsible for starting up and developing the branch’s regulatory and compliance practice.
“Eddie has led the regulatory and compliance departments of some of Singapore’s largest financial services institutions. His technical expertise and senior level experience mean he is well-placed to guide firms through the increasingly complex regulatory landscape, providing practical advice and workable solutions,” said Ben Blackett-Ord, chief executive of Bovill.
The Bovill Asia team assists with local issues such as MAS authorisation, response to recent Financial Action Task Force (FATF) recommendations and new outsourcing and data protection laws. It also helps local firms looking to market funds in Europe and the UK, offering technical advice on interpreting requirements such as those laid out in Alternative Investment Fund Managers Directive/Markets in Financial Instruments Directive II.
Bovill says that many countries in Asia have introduced stricter financial services regulation in recent years, leading to a surge in demand for high quality regulatory advice.
