Member Updates

: HK PBEC Members turn out to support ICAEW at Annual Gala Dinner – Oct 2024

Several senior PBEC members & board of directors attended fellow Corporate Member ICAEW Annual Gala Dinner at the Grand Hyatt in Hong Kong on the 24th October.  Over 260 senior executives, founders, CFO & CEO’s were in attendance co-hosted by Sir David Li Executive Chairman at Bank of East Asia & Alan Vallance the new CEO of ICAEW founded in 1880. Our own PBEC Chairman Andrew Weir MBE, BBS, JP who is a council member of ICAEW spoke at the…

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: PBEC’s QBE Announces Strategic Partnership to Bolster its Risk Engineering Capabilities in Greater China – Oct 2024

New partnership is with Taiwan-headquartered Eos Rhea Metis (“ERM”), a network of experts specialising in enterprise and engineering risk management. By leveraging ERM’s extensive network across Mainland China, Hong Kong, Taiwan, and Southeast Asia, the partnership will provide QBE and its customers with complementary expert insights and specialised knowledge in support of engineering and property underwriting, enhanced risk assessment processes and wider market access. Read full PR here: https://enmobile.prnasia.com/releases/apac/qbe-announces-strategic-partnership-to-bolster-its-risk-engineering-capabilities-in-greater-china-465669.shtml

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: PBEC congratulates Chairman Andrew Weir on his retirement from KPMG China after 32 years of service – Oct 2024

“PBEC wishes to express heartfelt congratulations to @Andrew Weir our Chairman as we recognise his career at KPMG upon his retirement from 32 years of service. Throughout his career, Andrew has held pivotal roles, including Regional Senior Partner of Hong Kong and Global Head of Real Estate and Asset Management. His leadership has continued to enhance PBEC’s profile, notably through his extensive professional experience servicing boards and audit committees of listed companies, financial services, public bodies and family offices in…

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: PBEC’s BoD the Philippine Aboitiz Family Wins $226 Million Airport Project – Oct 2024

Aboitiz InfraCapital—the infrastructure arm of the Aboitiz family’s Aboitiz Equity Venture has won a contract to upgrade and operate an international airport in southern Philippines. The company will spend 12.8 billion pesos ($226 million) to upgrade the Laguindingan Airport in Misamis Oriental, a province on the southern island of Mindanao. The 30-year contract to operate the airport is expected to be signed with the government by the end of this month, it said. Laguindingan International Airport artist impression image by…

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: Anthony Chan CEO of Isola Capital appointed to the PBEC Board – SEP 2024

Hong Kong – 2nd September 2024 : – The Pacific Basin Economic Council is pleased to announce the appointment of Anthony Chan, CEO of Isola Capital to its board of directors, with immediate effect. “I have had the privilege of getting to know Anthony over the past 3 years and witnessed at first-hand his passion and generosity for engaging his clients and fellow PBEC members. He has been an active participant at our roundtable dialogues and public events as an…

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: PBEC’s QBE’s Interim Profit Doubles, Dividend Raised – Aug 2024

Provided by Dow Jones QBE Insurance Group said its interim net profit doubled and it raised its dividend, amid continued premium renewal rate increases and lower catastrophe costs. The Australia-listed insurer, which reports in U.S. dollars, said earnings for the six months through June were $802 million, compared to $400 million the previous year. Revenue rose by 5% on year to $10.44 billion. “We have seen a positive start to the year, highlighted by further improvement in underwriting performance and…

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: PBEC’s Peter Burnett OBE BBS announced as New CBBC Chief Executive – July 2024

Peter is PBEC’s immediate past Board of Director who recently stepped down to take up a new role as China Britain Business Council Chief Executive. “It is a little more than a week since I collected my lanyard and security pass and joined the talented team of the China-Britain Business Council as the new CEO. I am acutely conscious of the 70 year history and the rich legacy that have been passed my way. CBBC has a reputation for membership…

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: Why mentoring matters – Aug 2024

Author: PBEC’s Accounting & Tax subject matter experts ICAEW Insights While formal training programmes play a key part in continuous development, some of the most impactful learning comes through one-to-one conversations, sometimes in a formal environment, but often not. Such mentoring support is central to helping advisers both technically and on their career journey. It’s about more than individuals: it’s about developing a culture of mentoring as an essential part of a firm’s DNA. This will shape the future leaders…

: What are the main ethical challenges of implementing AI? – Aug 2024

Author: PBEC’s Accounting & Tax subject matter experts ICAEW Insights The rapid growth of generative AI (Gen-AI) platforms, which are enabling millions of everyday people to use AI in creative ways, has taken the world by storm. In the coming years, these tools are likely to be used increasingly by us all. But with that widespread use of sophisticated technology comes a number of ethical hurdles – some of which will be examined on 4 October at ICAEW’s 2024 Annual…