IVSC Asia

IVSC Asia was launched in July 2022 as a hub for the development and advancement of International Valuation Standards and the global valuation profession throughout the continent. Part-funded by government and the private sector, IVSC Asia is leading efforts to build confidence in valuation, supporting the continued economic development of the region and promoting stable financial markets in the public interest.

Asia is the fastest growing economic region in the world and a home to 60% of the world’s population. By 2030, the continent is predicted to have four of the top five fastest growing economies in the world – China, Vietnam, Indonesia and India – according to Harvard University Growth Lab projections.

As the region has grown, so too has its role as an international hub for business and investment. Asia is home to a number of cross-border trade blocs encompassing its 48 countries as well as others throughout the world. This includes the Association of Southeast Asian Nations (ASEAN), a central platform for cooperation and unity in Asia; the Gulf Cooperation Council (GCC), a regional intergovernmental political and economic union; and the world’s largest trading bloc, the Regional Comprehensive Economic Partnership (RCEP), which covers nearly half the global economy.

The global and interconnected nature of Asia’s economy highlights the importance of internationally-agreed valuation standards. Consistent standards support cross-border trade and investment, foster transparency and promote financial stability.

IVSC Asia will lead the standard-setter’s activities in the region, including providing a central point for Asia-wide dialogue and collaboration on valuation issues; organising and supporting thought leadership events and publications with a focus on valuation topics of interest in Asia; and as a conduit for engagement with governments and regulators regarding the implementation of International Valuation Standards.

IVSC Asia is being supported by leading Asian and global entities, all of which share a commitment to advancing international standards and best practice in valuation. These organisations are recognised for their leadership in this arena as ‘members’ and ‘founding sponsors’ of IVSC Asia.

Nicolas Konialidis

IVSC Asia Director

Contact via email

”The launch of IVSC Asia marks the start of an important journey for IVSC in Asia and for all parts of the valuation profession. We are grateful to the many organisations that have already come forward to support this initiative and welcome others to join this collaborative effort with public interest at its core.
Nick TalbotIVSC Chief Executive

Founding Sponsors

EBD

IPOS

Singapore Accountancy Commission

DBS Bank

Oversea-Chinese Banking Corporation

Sea Limited

United Overseas Bank

IVSC Asia Members

Contact us to learn more about becoming an IVSC Asia member

What are people saying...

”We are honoured that IVSC has chosen Singapore as its first base outside Europe and the launchpad for its activities in Asia. Establishing international valuation standards provides an important guide for valuation professionals worldwide. It ensures consistency and credibility in valuations, which also enables comparison across different companies. Having clear and comparable valuation standards will support the functioning of capital markets.
Ms Indranee Rajah, Minister in the Prime Minister's Office, and Second Minister for Finance and National Development

”We are glad that IVSC has chosen to partner Singapore in setting up its Asia office, and look forward to working with IVSC, and other international partners, to develop the business and financing ecosystem in the region.
Edwin Tong SC, Minister for Culture, Community and Youth and Second Minister for Law and Co-Chairperson of the Singapore IP Strategy 2030 Steering Committee

”The launch of the Asia office in Singapore is a very welcomed move. It brings IVSC closer to the activities and allows for greater appreciation of the business environment in Asia, which in turn bodes well for valuation professionals practicing in the region amidst a volatile marketplace. Increased adoption of IVS in Asia will provide greater consistency, which in turn can build trust within the business community that valuation professionals are well equipped to provide the necessary expertise to help businesses navigate the uncertainties in the region and globally.
Keoy Soo Earn, Regional Managing Partner, Financial Advisory, Deloitte Southeast Asia

”“This milestone event confirms IVSC’s interest and recognition of the growing Asia markets. It is significant and exciting for key stakeholders here. The proximity means closer working together and better consideration of Asian perspectives in future standard setting. The push by IVSC for greater adoption and consistent implementation of IVS in Asia will no doubt improve confidence and create value for the valuation profession here. I look forward to the collaboration and working together with IVSC Asia! “
Marcus Lam, Executive Chairman, PwC Singapore

”I am delighted with IVSC’s initiative to have an Asia office and this is a welcome move from the perspective of all valuation professionals, VPOs, regulators and users of valuations. The International Valuation Standards have gained considerable acceptance and adoption among APAC valuers, regulators and users in the past few years. Having an IVSC office in Asia underlines the importance of APAC in the global valuation arena and underpins the significance of having global standards for valuation in APAC.
Srividya Gopal, Managing Director and Southeast Asia Leader, Valuation, Kroll

”This sets a major milestone of the continued promulgation and adherence to International Valuation Standards, which are integral to the sustainable success and development of our profession. We also anticipate a stronger engagement with valuation stakeholders across the region, working collaboratively on the highest valuation standards for the betterment of business and public interest, and for the continued public trust to the valuation industry.
KK Chiu, Chief Executive, Greater China, Cushman & Wakefield; President of Hong Kong Institute of Surveyors

”Opening of the IVSC Asia office in Singapore is a tremendous boost to the broader echo system that we have been developing in this part of the world for the valuation and broader corporate finance industry. Singapore has been at the forefront in uplifting the standards and quality of our valuation professionals. IVS has become incredibly important reference for us in that regard. My hope is that IVSC Asia office will become a strategic linkage for the profession to be proactive in the whole standard setting dialogue as well.
Harsha Basnayake, Deputy Area Managing Partner, EY

”I commend IVSC for taking this bold step forward in terms of acknowledging and recognising the high level of valuation expertise prevalent in South East Asia and Asia. I look forward to greater traction between IVSC and RICS in this region in the near future, very much facilitated by IVSC’s physical presence in Singapore.
Prem Kumar, Chair of the RICS Southeast Asia Regional Board

”This is a significant milestone for the global valuation community and for Singapore, especially since this office is IVSC’s first base outside Europe, signifying the growing importance of this region and its role in standards setting.
Terence Quek BBM MSID, CEO, Singapore Institute of Directors