Former PwC partner named chairman of Pos Malaysia

23 April 2018 Consultancy.asia

Dato’ Mohammad Zainal Shaari, a former Partner at professional services firm PwC, has been named chairman of postal delivery service Pos Malaysia Bhd. He was most recently the executive director and COO of the Malaysian government’s strategic investment fund.

Pos Malaysia, the publicly traded, government-linked postal service of Malaysia, has historical roots dating back to the early 1800s. In 2015, the company had revenues of RM1.5 billion, and employs a workforce of over 18,000 people. However, rising pressure from digital processes and competing couriers has forced Pos and postal services around the world to go on the defensive. Hong Leong IB Research related that Pos is aiming to improve operating efficiency through technological improvement. Furthermore, the research firm commented, “[The] postal segment will only rebound in the midterm (we estimate 5 years) once e-commerce businesses resort to Postal services for cost saving benefits at the expense of the growth in the Courier segment.”

Dato’ Mohammad Zainal Shaari joins Pos as its chairman amid this era of transformative change in the industry. He replaces Tan Sri Mohd Khamil Jamil, who stepped down as chairman earlier this month. Mohammad Zainal is currently Managing Director of Tradewinds Group, an investment holding company primarily involved in plantations, sugar, and rice.

Mohammad Zainal Shaari, Chairman - POS Malaysia

Mohammad Zainal was previously a partner at PwC Malaysia, where he worked from 1990 to 2002. Afterwards, he held the position of executive director at boutique consultancy BinaFikir for two years. Mohammad Zainal then moved on to serve as the executive director and COO of the Malaysian government’s strategic investment fund – Khazanah Nasional Bhd – between 2004 and 2013. He also was a director on numerous boards of Khazanah’s stable of companies, including Proton Holdings (2004-2008) and Tenaga Nasional (2007-2014).

Mohammad Zainal is a Member of the Malaysian Institute of Accountants and the Malaysian Institute of Certified Public Accountants. He is also a Fellow of the Institute of Chartered Accountants in England and Wales, and of the Association of Chartered Certified Accountants (ACCA).

“Zainal’s extensive corporate experience would contribute to enhance our efforts in realising our vision and mission to develop Pos Malaysia as the leading integrated logistics player,” said a company spokesperson.

The appointment of Dato’ Mohammad Zainal Shaari as chairman comes four months after Al-Ishsal Ishak was appointed CEO, replacing Datuk Mohd Shukrie Mohd Salleh in December 2017.

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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.