Savills Singapore to launch business valuation services

It will provide advisory services including the valuing of companies, equity interests and shares.

Real estate service provider Savills Singapore is set to launch its business valuation service in conjunction with its appointment of seven professionals to create its business valuation and advisory team, an announcement revealed.

The team which will be led by industry veteran Eric Teo who is the chairman of the International Valuation Standards Council’s (IVSC) Membership and Standards Recognition Board will provide business valuation and advisory services. This will include the valuing of companies, equity interests, shares and intangible assets for all purposes, as well as strategic advice to organisations in varying stages of development.

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The team which will be based in Singapore is part of Savill’s Valuation and Advisory business and will work with clients across Southeast Asia, the statement highlighted.

“It has long been our wish to establish a presence in the business valuation market in Southeast Asia,” Savill’s valuation and advisory regional director for Asia Martin Fidden said in a statement. “The appointment of Eric and the team will enable us to offer an experienced and leading service to meet the diverse needs our clients.”