PwC Singapore will appoint Marcus Lam as its new executive chairman on July 1, following the retirement of Yeoh Oon Jin on June 30.

Yeoh has served as the executive chairman for more than 8 years, capping off a career at the firm lasting 38 years.

In a news release dated April 30, PwC Singapore states Yeoh’s contributions include strengthening the firm’s consulting capabilities, championing its digital transformation journey, and guiding the organisation through Covid-19 challenges.

Yeoh says he is pleased with Lam’s election to take over the leadership of the company. “I am confident that his leadership and vision will help safely navigate the firm through the short term uncertainties arising from the pandemic to a brighter future and bring our best ideas and innovative solutions to our clients and the market,” he says.

SEE:64% of Singapore family businesses expect growth in 2021: PwC

Want our latest Singapore corporate news stories for FREE

Follow our Telegram, Facebook for the latest updates round the clock

Lam has led PwC Singapore’s assurance practice as assurance leader since July 1, 2017 and has also been part of the firm’s leadership team since January 2016. According to PwC Singapore, he has over 20 years of professional experience providing audit and advisory services.

Lam is also a council member of the Institute of Singapore Chartered Accountants and is a board member of the Accounting Standard Council Singapore.  

Lam says that he has “big shoes to fill” succeeding Yeoh. "On behalf of my fellow partners and the firm, I would like to extend heartfelt thanks to Oon Jin for his commitment and leadership of PwC Singapore. On a more personal note, he has shown and guided me on the right path to leadership. Throughout his career, and especially during his chairmanship, Oon Jin has been a shining example of walking the talk as a principled leader and a true embodiment of PwC’s Values,” he says.