Sai Choy joined KPMG Singapore in 1984 and was admitted to the partnership in 1990. He has served as Managing Partner of KPMG Singapore since 2010 and currently also serves as Chairman of KPMG in the Asia Pacific. He is a member of the Global Board and the Global Executive Team.
Sai Choy has been keenly involved in the development of the global network from the earliest days of the formation of the Asia Pacific region. A regional leadership role at that time saw him spearheading knowledge management as a joint investment in the region. At a time when the region was expanding with the entry of new member firms, he articulated the region’s unique language and technological needs in the development of the global knowledge management strategy. The opportunity for member firms to share knowledge and benefit from working together anchored the further development of the region.
In 2007, he became the regional leader for Audit in the Asia Pacific region. In that role, he participated actively in the global development of eAudIT, ensuring that the wide-ranging needs of the practices in the region were met and leading the region to be a key participant in the global pilot and roll-out.
In 2013, he led the formation of the Asean management consulting practice, bringing together six Asean member firms to pool their resources and investments and invest together to bring a deeper pool of consulting talent to businesses operating in the region.
He is a past member of the global board’s Quality and Risk Committee, participating in the firm’s responses to changes in audit regulation taking place in Europe at that time. He now chairs the Compensation and Nominations Committee, leading the efforts to achieve high levels of motivation amongst key executives in the global firm and ensuring that successes are sustained through effective succession management.
Sai Choy has participated in the development of the firm’s capabilities in a wide spectrum of areas. Besides his work in Audit, he had leadership responsibilities at different times to start up the firm’s capabilities in IT network implementation, IT audit, corporate finance and GST, and contributed at various times to raising capabilities in banking, restructuring, capital raising, transactions and forensic work.
Sai Choy participates actively in the development of accounting standards. He is a long-standing member of ISCA’s Financial Reporting Committee, of which he is now its chairman. He was a long-standing member and eventually deputy chairman of Singapore’s Accounting Standards Council, where he participated actively in the development of international accounting standards through the council and through its involvement on the Asia-Oceania Standard Setters Group. In these capacities, he led work that has influenced the development of accounting standards, in particular those relating to revenue recognition, leases and consolidation.
Sai Choy is a promoter of knowledge partnerships between the business and academic communities, seeking opportunities for knowledge in educational institutions to find greater relevance to solving business problems. He sits on the advisory boards of the Nanyang Business School and the Sim Kee Boon Institute for Financial Economics of the Singapore Management University.
Sai Choy also sits on the board of the Housing Development Board, the provider of public housing in Singapore, as well as the board of the Singapore Accountancy Commission, the agency responsible for the development of the accountancy sector in Singapore. He is also a Fellow of the Singapore Institute of Directors.
After early education in Malaysia, Sai Choy read economics at the University of Leeds in the UK. After graduation, he trained as an accountant and qualified with the Institute of Chartered Accountants in England and Wales. Upon qualification, he relocated to Singapore. Thereafter, he spent eighteen months on secondment to KPMG Melbourne before returning to Singapore upon admission as a partner.