Empowering businesses for a sustainable tomorrow: KPMG’s digital vision.
KPMG in Singapore, a professional audit, tax and advisory service provider, is investing US$50 million over the next five years to drive financial services innovation, enhance environmental, social and governance (ESG) capabilities and support businesses in their innovation and transformation efforts. Alongside this announcement, KPMG also disclosed a leadership transition, with Lee Sze Yeng, the current Deputy Managing Partner and Head of Audit, set to succeed Ong Pang Thye as Managing Partner starting October 1, 2023.
Lee, who will be the first female Managing Partner of KPMG Singapore, expressed her honor in leading KPMG in Singapore toward a future driven by collaboration and innovation. She highlighted the significance of strategic partnerships in addressing complex business challenges and driving meaningful change.
As KPMG prepares for the leadership transition, Ong Pang Thye, the current Managing Partner, reaffirmed the firm’s commitment to helping businesses leverage innovative technologies and build trust through responsible practices. Additionally, KPMG will prioritize the development of high-quality talent to meet evolving demands, aligning its strategic focus with the resilient, sustainable and technologically advanced economy of Singapore.
Expediting the transformation of Singapore’s financial sector
In line with Singapore’s aspirations to be a prominent financial hub in Asia, KPMG is joining forces with industry stakeholders, fintech companies and regulators to drive the digital transformation of businesses and financial market infrastructure. These strategic collaborations and investments from KPMG support long-term growth strategies, contribute to Asia’s progress and strengthen Singapore’s economy by integrating the financial services sector with the real economy through data, digital assets and emerging business models.
Promoting ESG Initiatives
With a strategic focus on ESG capabilities and workforce development, KPMG aims to assist businesses in navigating regulatory changes and capitalizing on emerging opportunities in sustainable finance and green technology.
Through its comprehensive ESG services, KPMG takes a multidisciplinary approach to support businesses in their transformation, innovation and sustainability reporting needs. The establishment of ESG Centres of Excellence further underscores KPMG’s commitment, offering banks and financial institutions access to digital platforms, data insights and cross-sector knowledge to foster ecosystem growth. Additionally, the KPMG ASEAN Decarbonisation Hub collaborates with industry players to guide businesses on their path toward achieving net-zero emissions.
Facilitating organizational change
KPMG is committed to assisting businesses in achieving their digital transformation, sustainability and social responsibility goals by providing practical solutions. In Singapore, KPMG is strengthening its technology-driven capabilities through strategic partnerships and the establishment of KPMG Digital Village. This center of innovation and expertise focuses on areas such as asset tokenization, climate change, supply chain optimization, AI integration and data-driven customer engagement platforms. These initiatives empower businesses with the necessary tools and expertise to drive meaningful organizational change in an ever-evolving digital landscape.
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