FINANCE MONTHLY GLOBAL AWARDS 2021 www.finance-monthly.com 86 Business Valuation Adviser of the Year Hong Kong About Derek Wong Mr. Wong has been working in the financial industry since 2003, with experiences serving clients in a wide range of industries, including building and construction, electronics, entertainment and gaming, hygiene and sanitary, information technology, mining, pharmaceutical and healthcare, retail chain stores, and telecommunication, etc. Having performed hundreds of appraisals and appraisal reviews, and provided opinions of value for transaction, financial reporting and litigation purposes, with his extensive knowledge and coverage, Derek also advised on corporate and deal structures to facilitate mergers and acquisitions and presented as an expert witness in the High Court of Hong Kong. Being asked to explain what “Business Valuation” is, Derek thinks it is about innovation and creativity, though it is never easy to conclude such a vast subject in a sentence. Over the last decade, valuation industry becomes attractive and competitive. Good and bad are intermingled. More effort from valuation professionals might be required for Asia market’s industry governance, which has always been auditors driven. In contrast to selfregulation, the said auditor-dominated industry tends to follow historical references and literatures, thus limiting innovative ideas in valuation. As the finance industry keeps evolving as well as accounting standards and regulations, valuation professionals need to keep abreast of the latest changes and develop the appropriate methodology framework themselves Director, Grant Sherman Appraisal Limited T: (852) 2877 8330 | E: derekwong@grantsherman.com | www.grantsherman.com Derek Wong
RkJQdWJsaXNoZXIy Mjk3Mzkz