Thomas Egan

Thomas Egan Email and Phone Number

Finance and Accounting Training and Advisory @ Auditchain Labs AG
zug, switzerland
Thomas Egan's Location
Singapore, Singapore, Singapore
Thomas Egan's Contact Details

Thomas Egan personal email

About Thomas Egan

Finance and Accounting professional with over 25 years experience in accounting advisory under IFRS and US GAAP focusing on revenue recognition, leases, financial instrument accounting and valuation, hedge accounting, mergers and acquisitions, disposals, financial reporting, reporting using XBRL, and implementation of new accounting standards. Sound knowledge of risk management, company law, auditing standards and practices. CPA or Chartered as an accountant by the ACCA, CPA Australia, and ISCA. Licensed as a US CPA in the State of Washington.

Thomas Egan's Current Company Details
Auditchain Labs AG

Auditchain Labs Ag

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Finance and Accounting Training and Advisory
zug, switzerland
Website:
auditchain.com
Employees:
5
Thomas Egan Work Experience Details
  • Freelance
    Independent Accounting And Finance Trainer And Advisor
    Freelance Jan 2023 - Present
    Singapore
  • Auditchain Labs Ag
    Director And Advisor
    Auditchain Labs Ag Apr 2022 - Present
  • International Air Transport Association (Iata)
    Industry Accounting Technical Expert
    International Air Transport Association (Iata) Apr 2016 - Dec 2022
    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
  • Standard Chartered Bank
    Group Head Of Accounting Policy And Advisory
    Standard Chartered Bank Jul 2012 - Apr 2014
    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
  • Standard Chartered Bank
    Global Head Of Technical Accounting - Wholesale Banking
    Standard Chartered Bank Apr 2007 - Jul 2012
    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
  • Standard Chartered Bank
    Global Technical Accountant - Wholesale Banking
    Standard Chartered Bank Jul 2004 - Apr 2007
    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
  • Deloitte
    Director Of Technical Accounting
    Deloitte Oct 1996 - Jul 2004
    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

Thomas Egan Skills

Financial Advisory Financial Strategy Memory Litigation Booking Systems Technical Accounting Rwa Draft Leases Training And Development Centre Of Excellence Sales Cost Primary Focus Revisions Finance Syndications Oversight Accounting For Mergers And Acquisitions Executive Positions Waste Management Fmcg Australia Taxonomy Singapore Examining Offerings Major Clients Intangible Assets Treatment Management Guaranteed Accounting For Complex Accounting Advisory Revenue Short Assurance American Express Friction Integration Financial Structuring Auditing Complex Group Consolidations Synthetic Accounting Wholesale Banking Korea Valuation Technical Accounting Research Profit Front Office Capital Markets Automotive Trade Unions Team Management Institutional Investments Default Reports Strategy Islamic Finance Complexity Fortune 100 Acquisitions Risk Management New Business Development Approval Process Deloitte Training Policy Attribution Private Equity Hedge Accounting Research Accounting Standards Reporting Stakeholders Multinational Capital Xbrl Commercial Real Estate Loans Structured Products Strategic Finance Cpa Corporate Finance Space Debt Thought Leadership Financial Modeling Fortune 1000 Financial Risk Communication Duplication Uk Gaap Ifrs 9 Implementation Securitization Queries Credit Service Quality Liquidity Social Influence Revenue Recognition Company Law Acca Project Investment Banking Swap Independence Covering Income Simple Internal Audit Responsibility Regulations Banking International Efficient Executive Management Portfolio Structured Finance Accounting Policy Korean Tax Investments Mortgage Lending Alternate Relief Patient Outcomes Accounting For Mergers Financial Services Complex Group Equities Audit Committee Financial Instruments Volatility Us Gaap Internal Controls Financial Analysis Treasury Aerospace Ifrs Financial Reporting Frames Risk Problem Solving Ias 39 Conceptual Modeling Mis Mandates Convertible Delivery Mergers And Acquisitions Accounting For Complex Financial Instruments Coordinated Wholesale Senior Finance Credit Derivatives

Thomas Egan Education Details

Frequently Asked Questions about Thomas Egan

What company does Thomas Egan work for?

Thomas Egan works for Auditchain Labs Ag

What is Thomas Egan's role at the current company?

Thomas Egan's current role is Finance and Accounting Training and Advisory.

What is Thomas Egan's email address?

Thomas Egan's email address is eg****@****ata.org

What schools did Thomas Egan attend?

Thomas Egan attended University Of Oxford - Said Business School, Ngee Ann Polytechnic, University Of Wisconsin-Madison, Marquette University.

What are some of Thomas Egan's interests?

Thomas Egan has interest in Ifrs 16, Environment, Ifrs 15, Integrated Reporting, Xbrl, Ifrs 9.

What skills is Thomas Egan known for?

Thomas Egan has skills like Financial Advisory, Financial Strategy, Memory, Litigation, Booking Systems, Technical Accounting, Rwa, Draft, Leases, Training And Development, Centre Of Excellence, Sales.

Who are Thomas Egan's colleagues?

Thomas Egan's colleagues are Fuad Begic.

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