The IVSC has appointed six new valuation experts to its Tangible Assets Standards Board (‘the board’), increasing the geographic and sectoral coverage of the board which is responsible for drafting and consulting on International Valuation Standards (IVS) for tangible assets, including real estate, land and other fixed assets.
The appointments relate to existing vacancies, as well as recently created positions following the completion of full term lengths for two board members, Larry Dybvig and Chris Stanley. They follow an extensive recruitment process which resulted in a significant number of applications from valuation leaders throughout the world, including the Australia, Brazil, Dubai, Fiji, India, Netherlands, New Zealand, Russia, South Africa, Spain, UK, Ukraine and the US.
The newly appointed board members are:
- Sandip Kumar Deb (India) - National Vice President, Institution of Valuers, India
- Brendan Gallagher (Canada) – Partner, Valuation, Modelling and Economics, EY
- Kim Hildebrandt (Australia) – Specialist Valuer (infrastructure), State Government of Victoria
- Molefi Kubuzie (South Africa) – Former President, South African Council of the Property Valuers
- Eduardo Rottmann (Brazil) – Real Estate consultant, IBAPE – the Brazilian Appraisal Institute
- Ludmila Simonova (Ukraine) - Member of the Board, Ukrainian Society of Appraisers
The new board members join for an initial term length of three years, and will work with representatives across all the IVSC’s technical boards, as well as the Advisory Forum which represents IVSC member organisations, to further the international standards.
The board has an ambitious programme of work outlined, based on feedback to its recent Agenda Consultation, focusing on topics including: the role for global valuation standards in ESG and efforts to combat climate change; data handling and data control; valuation modelling; and social value. The board is also working closely with other standard setters and statutory authorities throughout the world, in an effort to harmonize valuation and related standards.
Commenting on the appointments, Chair of the Tangible Assets Board, Ben Elder, said:
“The board is delighted to welcome our new members and we look forward to gaining from their extensive and very international insight. Over the coming months and years, the board has an ambitious programme, both in terms of developing the standards in consultation and collaboration with our stakeholders, and in terms of supporting ongoing efforts to embed IVS throughout the world. The caliber and breadth of applications highlights the willingness and commitment of valuation leaders to enhance professional standards in this area, and there is much to look forward to.
As we welcome new colleagues I would also like to thank our departing board members, Larry Dybvig and Chris Stanley for their years of dedicated and highly valued input to the Tangible Assets Board. Their contribution to the board will have a lasting and positive influence on the global valuation profession.
About the board:
The Tangible Assets Standards Board is one of three independent technical boards responsible for developing the International Valuation Standards (IVS), which are applied today in more than 100 countries worldwide. Specifically, the board has overall responsibility for drafting the high-level, asset-specific standards set out in IVS 300, 400 and 410.
The board meets in person three times a year and convenes regularly, virtually, to review and lead efforts to develop the IVS.