By Asia Samachar Team | SINGAPORE |
Singapore-listed Axcelasia Inc has promoted its key founding executive Ranjit Singh Taram Singh to Group CEO in a planned succession for the integrated professional services firm.
The 52-year old Malaysian audit expert, who was a partner of one of the “big four” international accounting firms, was earlier the company’s executive director, a position that he continues to hold.
In a statement to the Singapore stock exchange (SGX) on 28 June, Axcelasia said Ranjit takes over from Peter Tang Swee Guan who has been appointed as the group’s deputy chairman.
Ranjit has been tasked to oversee and manage the business of Axcelasia and its subsidiaries and lead the management in setting strategies, objectives and mission for the day-to-day operations of the group.
Towards the end-2017, the company had identified Ranjit as ‘having the requisite qualification and work experience’ for the CEO position as part of the group’s succession planning.
Ranjit, who holds an MBA from UK-based Heriot-Watt University, has a special focus on enterprise risk management (ERM), internal audit, governance and transformation & programme management services.
He is a board member of The Institute of Internal Auditors (IIA) Malaysia and a committee member of the Global IIA’s Professional Issue Committee. Ranjit was recently appointed as the vice president of the Asian Confederation of IIA. He was the President of IIA Malaysia for the 2013/14 term.
Ranjit is also the president of the Gurdwara Sahib Kajang management committee, a gurdwara in the state of Selangor.
Axcelasia provides integrated professional services mainly in Malaysia to government-linked entities, private and public listed companies and multinational corporations. Its four key business segments are tax advisory, business consultancy, enterprise management system application and business support.
The company is chaired by tax expert Dr Veerinderjeet, another founding member of the company.
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