Singapore Office Added to KRyS Global Portfolio
Consistent with its corporate vision to be the most effective and sought after offshore asset recovery firm in the world, KRyS Global has opened an office in Singapore. The office will be jointly managed by Jonathan Ong and Kenneth Krys.
The Singapore office will facilitate and assist current and potential clients in the SouthEast Asia Region, and in particular those who have needs in international aspects, in the areas of fraud investigation, asset recovery, dispute resolution, corporate restructuring and insolvency.
Mr. Ong is an Approved Liquidator in Singapore, Chartered Accountant and Chartered Financial Analyst and his background includes over 14 years of experience in forensic accounting, dispute resolution, litigation support, corporate restructuring and insolvency. Among his professional memberships are Association of Chartered Certified Accountants, CFA Institute and the Institute of Singapore Chartered Accountants. With Mr. Ong jointly managing the office, KRyS Global is in a position to take on a variety of insolvency appointments in any distressed or corporate recovery situation.
Mr. Ong was recently appointed liquidator of Ryobi Tactics Pte Ltd by the High Court of Singapore. Ryobi Tactics was one of key subsidiaries of SGX Mainboard Listed Ryobi Kiso Holdings Limited which has recently announced that it will be applying for a court supervised reorganisation process in Singapore together with several of its other subsidiaries Ryobi Kiso (S) Pte Ltd, Star Piling Pte Ltd and Ryobi Machinery Pte Ltd.
The Founder and Executive Chairman, Mr. Krys, explained the reason for setting up in Singapore. “The decision to establish a presence in Singapore was driven by needs of clients and the strength of the jurisdiction, including Singapore’s recent changes to its restructuring legislation and its ongoing efforts as an International Centre for Debt Restructuring and Arbitration.”