Tricor appoints global head of tax

Tricor Group appointed seasoned international tax and strategic business leader Chee Weng Lee, a veteran of the Big Four accounting firms, with over 35 years of tax and business advisory experience as its Global Head of Tax.

He served as Head of International Tax, Asia Pacific and Partner at Arthur Andersen (the Hong Kong practice was later merged with PwC, Deloitte and, most recently, EY) where he was the Markets Leader, Greater China Business Tax Services Leader and Asia Pacific Tax Finance Operate Leader.

Since Tricor’s acquisition of Axcelasia in April 2020, Tricor has steadily strengthened its tax, compliance and advisory solutions. This acquisition included TAXAND Malaysia and further expanded Tricor’s tax solutions under the leadership of Dr Veerinderjeet Singh and Mui Lee Leow, enabling Tricor to further complement its corporate and business services offerings to clients.

Tricor Group has now further invested in growing its regional and global tax compliance and advisory capabilities with the appointment of Chee Weng Lee who will be based in Hong Kong SAR.

Lee will be charged with servicing corporate, international and personal tax compliance, planning and business process outsourcing (BPO) for clients in the 21 countries Tricor serves. Tricor’s tax team advises clients in all areas of domestic and international tax law, spanning every stage of the business life cycle from incorporation to business expansion and IPO.

Lennard Yong, Tricor Group CEO, welcomes Lee to the Tricor team and wishes him a successful tenure with the group.

“With his wealth of experience and market knowledge, he will play a key role in energising and expanding our global tax advisory business. As business expansion and tax needs continue to shift, his focus will be to build a tax services business for Tricor Global advising clients on their tax compliance and by deploying BPO, automation and technology, thus bolstering our position as the leading professional service provider in Asia Pacific,” Yong said.

According to Lee, as tax systems continue to evolve and new global business models and needs emerge, it is a very exciting time for Hong Kong and Asia Pacific.

But changing market dynamics and the OECD’s actions in countering harmful tax practices with a focus on improving transparency, challenges local, regional and international businesses to ensure that their profit allocation and nexus rules are aligned with their business models.

“My priority will be to provide clients with effective advisory on all tax-related matters and unifying and empowering our global team to work together to provide towards exceptional solutions to our clients and the communities we serve,” Lee said.