London, UK – April 2024 – The International Valuation Standards Council (IVSC) is pleased to announce new appointments to its standards setting boards, effective April 2024.
New board appointments have been made to the Standards Review Board, Business and Intangible Assets Board, Financial Instruments Board, and Tangible Assets Board. The new board members join at an important juncture, following the launch of the updated International Valuation Standards (IVS) in January 2024, and ahead of the upcoming Agenda Consultation later this year. Their diverse backgrounds and international expertise will be instrumental in guiding the evolution and relevance of global valuation standards, bringing fresh ideas and perspectives to the IVSC’s work.
IVSC updates its board composition annually, appointing members for an initial three-year term to ensure a rich diversity of expertise and perspectives. This process underscores the IVSC’s commitment to a transparent and inclusive standard-setting process, aligning with best practices globally.
The new board members come from a diverse range of backgrounds, including academia, standards setting organisations, professional bodies, investment, and professional services.
Appointments by Board
The Standards Review Board welcomes:
Ariel Fischman
Principal,
414 Capital
Lie Kok Keong
Partner, Transactions, PwC Singapore
Darren Sullivan, CPA, CA, CFA
Director of Valuation, Ontario Teachers’ Pension Plan (OTPP)
”Each of our new board members brings an enormous depth of expertise and leadership. Their diverse professional backgrounds will significantly enhance our collective efforts to navigate and shape the future of global valuation practices.
Susan DuRoss, Chair, IVSC Standards Review Board
The Business & Intangible Assets Board welcomes:
Gabriela Clivio, CFA, CAIA
Director of Business Valuation, Mazars, Chile
Robert Crockett
Associate Partner, EY, Cayman Islands
Victor Siu
Chief Executive, Greater China Appraisal Ltd.
Edwina Tam
Senior Managing Director, FTI
”Our new board members join us at an important stage in the evolution of valuation standards, bringing fresh insights that will be crucial for our Agenda Consultation later in 2024. Their involvement is timely and will be crucial in steering the conversation and ensuring our standards remain at the forefront of valuation practice.
Richard Stewart, Chair, IVSC Business & Intangible Assets Board
The Financial Instruments Board welcomes:
Dr. Tomas Krabec
Associate Professor, Prague University of Economics & Business
Stephani Mason
Associate Professor, DePaul University
Maisam Raza
Associate Portfolio Manager, Credit Monitoring, Golub Capital
”Our new board members join us following the recent publication of IVS 500: Financial Instruments. Their expertise will be vital in championing the implementation of these standards and enhancing market awareness and adoption
Thomas Lee, Chair, IVSC Financial Instruments Valuation Board
The Tangible Assets Board welcomes:
Paloma Arnaiz
Secretaria General, Asociación Española de Análisis de Valor
Charles Golding
Senior Specialist - Valuation & Investment Advisory, RICS
Leo Lo
Managing Director, CHFT Advisory & Appraisal
”The infusion of new ideas and perspectives from our new board members is invaluable. As we collaborate with IVSC members and stakeholders throughout the world, their contributions will be essential in driving innovation and excellence in tangible asset valuation standards.
Kim Hildebrandt, Chair, IVSC Tangible Assets Valuation Board