Thomas Egan Email & Phone Number

Singapore

Singapore

Geneva Area, Switzerland

Headhunted to provide advisory to IATA’s Industry Accounting Working Group (IAWG), a 15 member group tasked with providing the airline industry guidance on implementation of IFRS 9, 15 and 16, thought leadership and the influencing of stand-setters, regulators and stakeholders.• Developed extensive guidance for the industry on complex accounting issues.• Designed, sourced speakers and coordinated - risk, accounting, regulatory and sustainable finance tracks at annual IATA global finance… Show more Headhunted to provide advisory to IATA’s Industry Accounting Working Group (IAWG), a 15 member group tasked with providing the airline industry guidance on implementation of IFRS 9, 15 and 16, thought leadership and the influencing of stand-setters, regulators and stakeholders.• Developed extensive guidance for the industry on complex accounting issues.• Designed, sourced speakers and coordinated - risk, accounting, regulatory and sustainable finance tracks at annual IATA global finance events.• Designed and delivered airline specific training on accounting standards, finance and related content to staff, members and civil aviation authorities.• Contributed expertise to IATA groups involved in addressing issues including jet fuel hedging, blocked funds, sustainability, taxation, cryptocurrency, blockchain, aircraft leasing and financing, export credits, credit ratings and IBOR reform.• Led the engagement of stakeholders including the IASB, FASB, BIG 4 accounting firms, IAASB, BIS, ESMA, EFRAG, OECD, AICPA task force on revenue recognition for airlines and other IATA working groups. Show less

Singapore

Standard Chartered Bank provides consumer and wholesale banking products and services primarily in Asia, Africa, and the Middle East. The company operates approximately 1,600 branches and outlets in 70 countries. The bank employees over 84,000 and has annual turnover of over $19 billion.Promoted to take strategic accounting advisory and thought leadership responsibility for the bank and client space, covering financial reporting, acquisitions and disposals, capital innovation, risk… Show more Standard Chartered Bank provides consumer and wholesale banking products and services primarily in Asia, Africa, and the Middle East. The company operates approximately 1,600 branches and outlets in 70 countries. The bank employees over 84,000 and has annual turnover of over $19 billion.Promoted to take strategic accounting advisory and thought leadership responsibility for the bank and client space, covering financial reporting, acquisitions and disposals, capital innovation, risk management and implementation of new standards. Worked with front office teams to create innovative and bespoke products and structures to take account of and advantage of current and future accounting standards.Engaged with senior management within risk, treasury and sales functions to provide thought leadership around future accounting challenges for the bank and clients, including intangible asset valuation to create usable collateral, asset lease conversions into service contracts and modelling of expected losses under new accounting standards.Reported to and developed close relationships with a broad matrix of internal and external stakeholders including the Main Board and Audit Committee and significantly raised the profile of the bank with external international financial organisations.Authored the Bank’s input to financial standard-setters such as the IASB and represented the Bank on issues impacting the bank and its clients resulting in revisions to draft standards to allow more credible financial reporting at lower cost and complexity.Advised on modifications to existing offerings of default in convertible debt products to achieve a bespoke result with the desired capital benefits with better optics.Fully sponsored for a Diploma in Financial Strategy at the University of Oxford. Show less

Singapore

Promoted to an expanded role with six direct reports and oversight over the product and valuation control outputs. Advised on optimal outcomes for the front office, clients and internal regulatory, accounting, revenue recognition and tax constraints.Advised on and approved new product, structures and investments in areas including structured products, private equity, alternate investments, derivatives, equities, syndicated loans and securitisation during a period of sustained high… Show more Promoted to an expanded role with six direct reports and oversight over the product and valuation control outputs. Advised on optimal outcomes for the front office, clients and internal regulatory, accounting, revenue recognition and tax constraints.Advised on and approved new product, structures and investments in areas including structured products, private equity, alternate investments, derivatives, equities, syndicated loans and securitisation during a period of sustained high growth and record profits.Aligned the outputs of the product control and valuation control functions with the review requirements of technical accounting and the external auditor, eliminating duplication of effort, accelerating the audit and approval processes and reducing friction.Focused on client-side IFRS and US GAAP issues leading to new mandates and increased revenue as the client received accounting agreement from their auditors.Advised on structuring synthetic portfolio credit hedges that achieved guarantee accounting treatment allowing the bank to gain several billion dollars of capital relief.Moved the wholesale banking product programme project forward to include all product variants, clear accounting treatment, RWA treatment, booking models and valuation issues, establishing them as the “institutional memory” for Finance.Established Technical Accounting as a business partner fully integrated with the business during structuring, new product processes and client servicing. Show less

Singapore

Headhunted to establish the function and provide accounting advice on structured products, tax structures, private equity and hedge accounting under IFRS, US GAAP and UK GAAP. As the accounting advisor to the full range of Wholesale Banking businesses, reduced external advisory costs by $500k pa and improved delivery times and outcomes.Provided advice to the business and clients on hedge accounting, structuring and products, optimising outcomes and allowing the Bank to secure… Show more Headhunted to establish the function and provide accounting advice on structured products, tax structures, private equity and hedge accounting under IFRS, US GAAP and UK GAAP. As the accounting advisor to the full range of Wholesale Banking businesses, reduced external advisory costs by $500k pa and improved delivery times and outcomes.Provided advice to the business and clients on hedge accounting, structuring and products, optimising outcomes and allowing the Bank to secure new business.Established a very simple and efficient basis swap hedge allowing the Korean subsidiary to create liquidity, save capital and eliminate income volatility for the Group. Show less

Singapore

Deloitte has more than 210,000 professionals at member firms delivering services in audit, tax, consulting, financial advisory, risk management, tax, and related services in more than 150 countries and territories. Revenues for fiscal year 2014 were US$34.2 billion. Recruited as Training Director to manage audit and assurance training and rapidly promoted to take responsibility for policy and implementation of independence, risk management and advise on IFRS, US GAAP and UK GAAP to… Show more Deloitte has more than 210,000 professionals at member firms delivering services in audit, tax, consulting, financial advisory, risk management, tax, and related services in more than 150 countries and territories. Revenues for fiscal year 2014 were US$34.2 billion. Recruited as Training Director to manage audit and assurance training and rapidly promoted to take responsibility for policy and implementation of independence, risk management and advise on IFRS, US GAAP and UK GAAP to partners, managers and major clients.Provided responses generally within 48 hours to technical queries allowing partners and managers to enhance service quality during a period of record growth and profit.Coordinated all partner level training and firm-wide activities in Singapore at a local, regional and global level, greatly enhancing training quality outcomes.Successfully implemented a computer based audit approach, AS/2, following a previous failure, leading to substantial quality and efficiency enhancements to audits.Established a well respected advisory and quality control function, greatly improving the firms’ service to clients and contributing to record profits through the establishment of a “Big 4” mind-set and reputation in the function. Show less

Postgraduate Diploma In Financial Strategy - Graduated With Distinction

External Examiner, Company Law And Auditing Ii

Master'S Degree, - Accounting, Information Systems And International Business

Bachelor'S Degree, Accounting