Deputy Prime Minister Shanmugaratnam appoints Mr Michael Lim Choo San as Chairman of the Pro-Tem Singapore Accountancy Council

His new role will take effect from 1 October 2011.

Deputy Prime Minister and Minister for Finance and Manpower, Mr Tharman Shanmugaratnam has appointed Mr Michael Lim Choo San as the Chairman of the Pro-Tem Singapore Accountancy Council, with effect from 1 October 2011. Mr Michael Lim takes over from Mr Bobby Chin who has completed his one-year term as Pro-Tem SAC Chairman.

The Pro-Tem SAC was formed in September 2010 to drive the implementation of key initiatives that will help transform Singapore into a global accountancy hub by 2020. MOF thanks Mr Chin for his contributions in setting up and guiding the work of the Pro-Tem SAC. Under his leadership, the Pro-Tem SAC has successfully launched the Chief Financial Officers Institute for the professional development of CFOs, and taken key steps forward in developing a new Singapore-branded post-university professional accountancy programme.

“I am glad that the council has made significant progress on the implementation framework for the development of the accountancy sector in the past year. I am confident that with his extensive experience in the accountancy sector, Mr Michael Lim will be able to lead the next stage of development of the sector,” said Mr Bobby Chin.

Mr Michael Lim is currently the Chairman of the Land Transport Authority and Nomura Singapore Limited. He is also a member of the Public Service Commission and formerly the Executive Chairman of PriceWaterhouseCoopers, Singapore for 12 years before retiring in 2003. He has had more than 30 years of experience in the accountancy profession.

Mr Michael Lim said: “The Pro-Tem SAC will continue to work closely with all stakeholders from the accountancy profession and business community. Together, we will drive the implementation of initiatives that will create a leading global accountancy hub in Singapore.”