We opened our doors in 2016, embracing a bold vision of supplying a premium, global risk service that operated with uncompromising integrity. Since then, we’ve remained attentive to breaking developments across global business, IPO, transactional, and regulatory landscapes.
Over the past year, we’ve been struck by the increased demand for risk management services in Asia in the wake of shifting cross-border realities. Global economic dislocations, trade wars, and geopolitical upheavals are creating complex and unprecedented risk challenges for businesses across the region. For example:
— Revelations about a massive accounting firm scandal in China forced a halt this summer of public listings. China's Securities Regulatory Commission and the UK's Financial Conduct Authority, meanwhile, announced their approval in principle of the establishment of the Shanghai-London Stock Connect, with regulatory implications for westbound and eastbound business in China.
— Early last month, Cambodian government officials warned about an impending decline in the country's economic growth as a result of the possible withdrawal of the EU's "Everything But Arms" trade agreement.
— In late July, Japanese authorities requested legal assistance from Switzerland in their investigative probe into fraud and misconduct by former Renault and Nissan Motor boss Carlos Ghosn, suggesting the scandal may have broad, multi-jurisdictional reach.
— The head of anti-money laundering at Singapore's Central Bank recently said that, over the past year, banks had closed the accounts of several onshore shell companies after detecting unlawful transactions.
Monitoring these and other developments across the Asia-Pacific region has made it clear there is growing demand for, and avid interest in, due diligence expertise to help address risk challenges there. Therefore, we are pleased to report the opening of our Asia regional office this month.
Our New Hong Kong Office
Please join us in welcoming Heather Cheung, who serves as the Vice President of our recently opened Hong Kong office. Heather will lead our due diligence/research program for the Asia-Pacific region.
— A native of Hong Kong, she brings more than a decade of experience developing research inquiry resources, managing and overseeing major client projects, and supervising local operation processes and procedures.
— Heather’s expertise is informed by her comprehensive work on due diligence projects in the Greater China region for pre-transaction, pre-IPO, third-party vendor screening, and senior hire / executive screening.
— Earlier in her career, she executed Hong Kong- and China-focused brand protection and business intelligence projects for Japan-based clients.
“I am thrilled to be joining IntegrityRisk’s leadership team during this exciting phase of its growth,” says Heather. “I'm honored to be part of the next phase of the company’s development as it expands its potential to provide risk management services in the APAC region.”
We couldn’t be more pleased about welcoming Heather into the IntegrityRisk leadership fold. As always, feel free to give us a call or drop us a line to explore how we can be of help, including questions on our expertise and services for the Asia region. We look forward to working with you to realize the vision we embraced when we first opened for business over three years ago.