Synpulse expands its partnership team in Singapore and Hong Kong

08 February 2019

International management consultancy Synpulse has expanded its partnership in Asia with the admission of Salomon Wettstein and Prasanna Venkatesan, while Singapore-based Yves Roesti has been promoted to managing partner.

Established in Switzerland in 1996 as a specialist management consultancy to the banking and financial services sector, Synpulse has since spread its offering to three continents, with offices covering some of the world’s foremost financial centres including New York, London, Hong Kong and Singapore – the latter where the firm has been active now for more than a decade.

As a result of particularly strong business growth with international banks and insurers Asia, the firm has now boosted its regional leadership team with the appointment of Prasanna Venkatesan and Salomon Wettstein as new partners in Singapore and Hong Kong, while Singapore-based Yves Roesti has joined its team of managing partners – taking the firm’s total global partner count to 14.

“I am delighted to welcome Salomon Wettstein and Prasanna Venkatesan as new partners. Both have contributed significantly to the growth of Synpulse’s business in Asia in recent years,” said Synpulse CEO Christoph Nützenadel, who is himself based in Singapore. “And thanks to Yves' commitment, we have won several new banking mandates in Singapore and Hong Kong in recent years.” Synpulse grows partnership in Singapore and Hong KongJoining Synpulse in Zurich in 2006, Yves Roesti has been instrumental in the firm’s Asian expansion since the outset, relocating to Singapore at the time of Synpulse’s office launch in the city-state. Admitted to the firm’s partnership in 2015, Roesti has now been elevated to managing partner level among the firm's four-strong upper leadership echelon – credited by Nützenadel with having built the Asian financial services headcounts to three-digit figures.

In addition to the firm’s regional growth – which includes serving the Australian market – Roesti has helped to cement Synpulse’s stellar local reputation, with the firm having won all three ‘Best Integration Advisor’ titles at the Asian Private Banker Technology Awards since the awards’ 2015 inception. The promotion of banking operating model transformations and digital roadmaps has been a particular focus for the firm’s newest managing partner.

Likewise based in Singapore and joining Synpulse direct from university in 2011 (following an MBA from the Nanyang University of Technology), Prasanna Venkatesan has joined the firm’s partnership ranks. Specialised in private banking advisory and large-scale transformations, Venkatesan leads Synpulse’s regulatory, risk and compliance practice in Asia. Earlier in his career, he served as project manager for Tata Consultancy Services in Amsterdam and Mumbai.

Salomon Wettstein meanwhile joins the firm’s partnership from Hong Kong (the office launched in 2015, with Manila and Sydney following last year), where he serves as managing director and oversees Synpulse’s banking practice in the Greater China region – managing strategic business and technology transformations for local clients. Recruited in 2011, Wettstein is also a member of Synpulse’s global Operational Excellence leadership team.

Deloitte adds Richard Hayler as Disputes and Arbitration leader

16 April 2019

Deloitte has brought in Richard Hayler as its new Southeast Asia Disputes and Arbitration Leader. Hayler crosses from FTI Consulting – continuing the recent personnel shuffle in the regional forensics space.

Following the onboarding of veteran forensics expert Jarrod Baker as its new Forensic Investigations Leader for Southeast Asia earlier this year, global professional services leader Deloitte has added another ex-FTI Consulting executive to its regional forensics practice with the appointment of Richard Hayler as its new Southeast Asia Disputes and Arbitration leader. It’s Hayler’s second stint at the Big Four firm.

Originally starting out as an auditor in the chemicals, pharmaceuticals & energy practice of fellow Big Four firm KPMG in the UK (via a five-year Technical Director role with specialist life sciences consultancy Primarius), Hayler after three years crossed to Deloitte in 2008, serving as an Associate Director for its Forensic & Dispute Services division in London, and then from 2012 in Singapore. 

From there, Hayler joined the Singapore office of FTI Consulting’s Economic & Financial practice, promoted to senior managing director at the beginning of last year. Now, like his colleague Baker, Hayler has returned for his second stint with Deloitte, after respectively four and nearly six years with FTI. Meanwhile, FTI recently added e-discovery expert Christopher Marks as a senior managing director – continuing its global raid on Ernst & Young.

“I am delighted to be returning to Deloitte rejoining old friends and being on board with a great team,” Hayler said. This is an exciting time to be back at Deloitte as the firm has made great strides integrating to serve its clients across Asia Pacific better and I look forward to being part of that success.” As of September last year, Deloitte began integrating its Asia Pacific arms into single operational unit – with a co-attendant $321 million investment committed to human capital.Deloitte adds Richard Hayler as Disputes and Arbitration Leader in Southeast AsiaHayler across his career has developed expertise in a broad range of  competencies around forensics, disputes and litigation, including complex valuations, M&A and contractual disputes, accounting irregularities; alleged misappropriation, asset tracing and fraud investigations among others – having led or advised teams multiple jurisdictions in “some of the largest and most complex cases in the last decade.”

“Having Richard in our leadership team is a strong market differentiator,” said Tim Phillipps, Deloitte’s Financial Crime Strategy and Response Network leader for APAC. “His track record and extensive experience will be critical as we continue to expand and strengthen our presence in the Southeast Asia region.  It will enhance our capacity to serve our clients, and ensure that we continue to provide clear, timely and insightful counsel.”

In addition to Deloitte, Hayler serves on the Standards Review Board of the International Valuation Standards Council, as well as being a member of the adjunct faculty at Singapore Management University’s School of Law and the Honorary Treasurer for the Board of Directors of the Chartered Institute of Arbitrators Singapore. He was also last year a group representative for financial & fintech business group with the local British Chamber of Commerce.

According to the firm, Hayler’s recruitment forms part of its plans to expand its forensics services in the region – a practice which has already grown substantially in recent years to include more than 125 dedicated forensic practitioners based in Singapore, Indonesia, Malaysia, Thailand, and Vietnam, with growth driven by investment in disputes and arbitration, electronic discovery, investigations, forensic digital platforms and financial crime advisory and analytics among other areas.