KPMG in Singapore announced that it has appointed Mr Pek Hak Bin as the new head of its Energy and Natural Resources practice. He will also lead a new KPMG Global Energy Institute for the Asia Pacific region.
Mr Pek, who stepped down as Country President of oil major BP Singapore earlier this month, is a trained industry professional with some 20 years of experience in the oil and gas sector.
He will now lead the KPMG energy team in Singapore to provide consulting, business transformation, risks management, performance improvement, mergers-and-acquisitions and market research services to energy clients in the Asia-Pacific. The energy sector includes the oil and gas, power and utilities, chemicals, mining and maritime industries.
MrTham Sai Choy, Managing Partner at KPMG in Singapore, said: “Hak Bin brings with him a wealth of experience in the oil and gas sector. With his strong credentials as a finance and industry specialist, he will help deepen and broaden the range of services we offer our clients.”
He added that Hak Bin’s appointment signifies KPMG’s firm commitment towards its energy practice in Singapore and marks a milestone in the KPMG Centre of Excellence (CoE) initiative.
The initiative, first jointly announced by KPMG and the Singapore Economic Development Board in January 2012, brings together global and regional industry experts to work on Pan-Asian projects from Singapore and develop thought leadership.
“The energy sector in Asia is a fast-growing space. Singapore already plays a prominent role in the energy supply chain and is a regional hub providing expertise for global oil and gas players.
“Correspondingly, KPMG in Singapore is beefing up our service team and offerings to reflect the industry’s needs. We have gathered a group of leading energy specialists from all over the world and Hak Bin will lead them in further strengthening our energy practice,” said Mr Tham.
Transferring global expertise into the Singapore hub
Mr Pek will also oversee the new KPMG Global Energy Institute, which will be headquartered in Singapore. It represents the first international foray of the original KPMG institute based in the United States of America.
Said Mr Pek: “We are very excited that Singapore has been chosen as the base for the first expansion of the institute. The Asia Pacific region sees the fastest consumption of energy, ahead of Europe, and it makes sense for us to focus on Asia.”
He added that the institute will serve as a knowledge-sharing platform, through which KPMG’s strong pool of energy specialists can reach out to the industry.
Said Mr Pek: “Our team comprises energy specialists with expertise in different areas, and the new institute will underpin the global connectivity and knowledge transfer to support the Asia Pacific region.”
“Through this institute, energy professionals can gain access to valuable thought leadership, studies and insights about key industry topics in the region.”
Notes to editors
About Pek Hak Bin
Mr Pek is the head of the Energy and Natural Resources practice at KPMG in Singapore.
Earlier this month, the 48-year-old stepped down as the Country President and Chairman for BP operations in Singapore.
An Accountancy graduate of the Nanyang Technological University, Mr Pek has worked in different disciplines of the energy industry in a career spanning more than 20 years. He has spent three years in Halliburton Energy Services and 15 years in BP.
Mr Pek is a well-known energy specialist in Asia. He spent five years in China pioneering BP’s investments into China, headed BP Thailand for three years and headed BP Singapore in the last six years.
About the KPMG Global Energy Institute
First launched in 2007 in the United States of America (US), the institute is a worldwide knowledge-sharing platform detailing insights into current issues and emerging trends within the energy sector. Energy professionals will have access to valuable thought leadership, studies, events and webcasts about key industry topics through the institute.
On February 1, 2013, the first regional expansion of the US institute will be launched. To be based in Singapore, this new institute will focus on the Asia-Pacific landscape and provide decision makers with tailored insights about the region.