Baker Tilly, the world’s top 10 accountancy and business advisory firm, together with financial advisory and restructuring company Ferrier Hodgson Pte. Ltd. (“Ferrier Hodgson”) today announced that they are joining forces in Singapore.
FOR IMMEDIATE RELEASE / PRURGENT
Singapore, 23 July 2019 – Baker Tilly, the world’s top 10 accountancy and business advisory firm, together with financial advisory and restructuring company Ferrier Hodgson Pte. Ltd. (“Ferrier Hodgson”) today announced that they are joining forces in Singapore to integrate their services to expand the full range of capabilities to better serve clients. The combination will result in Ferrier Hodgson changing its name with immediate effect and will operate under the Baker Tilly brand moving forward, and the team led by industry veteran Tim Reid will be seamlessly integrated into the Baker Tilly network.
Tim Reid will continue to provide specialist counsel to his current portfolio of clients, while extending his and his team’s strategic advisory services to Baker Tilly Singapore’s and regional clients. Baker Tilly in Singapore provides services which include assurance, tax, deal advisory, governance and risk, restructuring and recovery, outsourcing, and corporate secretarial services. With the partnership, Baker Tilly will broaden its service suite to include a leading specialist restructuring, turnaround and forensic advisory practice.
Sim Guan Seng, Managing Partner for Baker Tilly in Singapore said, “Tim and his team have long been recognised for providing specialist restructuring and forensic advisory. We are delighted to have Tim and his team come on board. We look forward to providing our clients with immediate access to a comprehensive and diverse range of skill sets.”
Tim Reid added, “We are excited to be joining forces with Baker Tilly in Singapore. This is a strategic and cultural fit for both firms, making us a highly competitive force and propelling us into the significant and very well-regarded Baker Tilly global network. Clients are increasingly looking for specialised advice and nimble service and this partnership provides just that – we will continue in our areas of specialisation while leveraging on the skills and reach of Baker Tilly to deliver a greater breadth of solutions.”
Tim Reid and his colleague Theresa Ng are currently Receivers of the Power Plant owned by Tuaspring, a Hyflux subsidiary. They have been involved in numerous landmark cases including being appointed Receivers of the Singapore Flyer, Judicial Manager as well as Liquidator of Borders Singapore Pte Ltd., and Liquidator of J.V. Fitness Pte Ltd., the operator of California Fitness gyms in Singapore.
Tim was appointed Chairman of First Ship Lease Trust when it was in financial distress and during a four-year period, he oversaw the Trust’s debt reduce from USD425 million to USD132 million and secured a new sponsor for the Trust. Tim has also provided expert witness services for litigation cases in Singapore, the British Virgin Islands and London. He was retained by the Singapore Press Holdings in the National Kidney Foundation (NKF) case and was subsequently retained by the newly appointed NKF Board in its action brought against TT Durai and other former NKF Board Members.
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Derrick Tee, CFA
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NOTES TO EDITORS:
About Baker Tilly in Singapore
Baker Tilly in Singapore (“Baker Tilly”) is a full-service accounting and advisory firm that offers industry-specialised services in assurance, tax, deal advisory, governance and risk, restructuring and recovery, outsourcing and corporate secretarial services. We are one of the 10 largest accountancy and business advisory firms in Singapore and a member of Baker Tilly International, a top 10 global network of independent accounting and business advisory firms in 145 territories with 35,000 professionals. As at December 2018, the independent member firms reported a combined worldwide revenue of USD3.6 billion.
Baker Tilly TFW LLP trading as Baker Tilly is an independent member of Baker Tilly International. Baker Tilly International Limited is an English company. Baker Tilly International provides no professional services to clients. Each member firm is a separate and independent legal entity, and each describes itself as such. Baker Tilly TFW LLP is not Baker Tilly International’s agent and does not have the authority to bind Baker Tilly International or act on Baker Tilly International’s behalf. None of Baker Tilly International, Baker Tilly TFW LLP, nor any of the other member firms of Baker Tilly International has any liability for each other’s acts or omissions. The name Baker Tilly and its associated logo is used under licence from Baker Tilly International Limited.
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