L.E.K. Consulting adds three partners to education practice in Singapore

19 April 2018 Consultancy.asia

Global management consultancy L.E.K Consulting has appointed three new partners to its Singapore office, bolstering the firm’s education practice. New partners Ashwin Assomull, Danish Kamal Faruqui, and Anip Sharma have significant experience advising public and private education organisations in emergent economies, having worked in over 90 countries on 600 different projects between them.

L.E.K. Consulting has welcomed three new partners, who will join the firm’s education practice in Singapore. Ashwin Assomull, Danish Kamal Faruqui, and Anip Sharma will join a dedicated team of 40 education sector consultants and specialists.

“We are delighted to welcome to L.E.K. these three partners who have deep credentials in the education sector, especially in the emerging markets, where we see great opportunity to help make a meaningful difference for a continuum of organisations,” commented Partner and Head of L.E.K. Asia-Pacific Nick Holder. “We are excited to be increasing our offerings to and expertise for key players and investors in early years education, K-12, higher and vocational education, transnational education, English learning and tutoring and education technology.”

Ashwin Assomull

Ashwin Assomull has a great degree of experience supporting clients in higher education in the areas of market-entry strategy, pricing strategy, growth strategy, and due diligence. Assomull has also worked with post-secondary institutions to support their business and investment plans, performance optimisation, and profit improvement strategies.

Previously, Assomull was a Partner at Parthenon’s education practice, as well as a Member of its Emerging Markets Leadership Team. Prior to that, Assomull was a Director at Deloitte, working on a range of due diligence assignments, after originally earning his an MBA from the London Business School and a BSc in economics from the London School of Economics.

Ashwin Assomull, Danish Kamal Faruqui and Anip Sharma - LEK Consulting

Danish Kamal Faruqui

Danish Kamal Faruqui has worked extensively with education sector clients, including K-12, higher education, English language learning, and transnational education. Faruqui also has experience advising education organisations on investment decisions, pricing, profitability assessments, market entry strategies, and market growth potential.

Prior to joining L.E.K., Faruqui was a Managing Director at the Education Centre of Excellence at EY-Parthenon. Before that, he was a Senior in KPMG’s Audit practice in India, leading assurance and transaction services projects. Faruqui has a BA in economics from Dehli University and an MBA from the Indian School of Business.

Anip Sharma

Anip Sharma has a long track record of supporting education clients in investment planning, pricing, market potential, and growth and market-entry strategies. He has worked with segments including early years, K-12, higher education, transnational education, tutoring, and English language training. Prior to joining L.E.K., Sharma was Vice President at EY-Parthenon Singapore, helping lead the firm’s development in the Asia-Pacific region. Prior to that, Sharma was a Principal in Parthenon India’s education practice. Mr. Sharma holds a BSc in mechanical engineering from the Indian Institute of Technology, as well as an MBA from the Indian School of Business.

Speaking on behalf of the three new partners, Assomull said, “We are pleased to join L.E.K., whose people and approach to expanding its global education practice stand to benefit the sector and set new standards. L.E.K. is known for helping their clients achieve real impact, and we all look forward to doing so for L.E.K.’s clients across the education ecosystem.”

In addition to its Singapore office, L.E.K. has Asian bureaus in Beijing, Shanghai, Tokyo and Seoul among its now 19 worldwide, and along with its education practice the firm offers specialist services across numerous industries including the healthcare, energy, pharma, medtech, media, retail and finance sectors.

Earlier this month, L.E.K. Consulting attracted a financing package from Lloyds to fund its expansion plans.

Deloitte adds Richard Hayler as Disputes and Arbitration leader

16 April 2019 Consultancy.asia

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.