Tan Chin Hwee

Tan Chin Hwee (born 1971) is a Singaporean businessman and business academic. He is the current Asia-Pacific chief executive officer of Trafigura and the first Asian to hold this position in the company.[1] A Chartered Financial Analyst and Certified Public Accountant in Singapore and Australia, he previously worked in DBS Bank, Keppel Corporation, Amaranth Advisors and Apollo Global Management before joining Trafigura.

Tan Chin Hwee
Born1971 (age 4849)
NationalitySingaporean
Alma materNanyang Technological University
Yale University
Harvard University
OccupationBusinessman, business academic
Chinese name
Traditional Chinese陳競輝
Simplified Chinese陈竞辉
Hanyu PinyinChén Jìnghuī
Hokkien POJTân Kīnghui

Education

Tan attended Hwa Chong Junior College. He graduated in 1995 with a Bachelor of Accountancy from Nanyang Technological University (NTU). During his days in NTU, he was the president of the university's Mensa club[2] and the president of the university's Photovideographic Society [3]

He also obtained a Master of Business Administration in 2003 from Yale University and completed a postgraduate course at Harvard University's John F. Kennedy School of Government in 2011. He is a Chartered Financial Analyst and a Certified Public Accountant (CPA) in Singapore and Australia.[4]

Business career

Tan started his career in 1995 at Keppel Corporation's treasury division, where he traded proprietary Asian equities and fixed income. Between 1999 and 2001, he ran the proprietary credit portfolio for DBS Bank before becoming a managing director at Amaranth Advisors. After leaving Amaranth Advisors, he joined Apollo Global Management and founded its Asian operations. In 2015, Tan announced his retirement from the finance industry.[5] He is currently the Asia-Pacific CEO of Trafigura, a Global Fortune 500 company,[6] and the first Asian to hold this position.[2] In 2019, Trafigura was the largest amongst the only three Singapore companies to appear in the Fortune Global 500 list and it ranked top 22 globally.[7]

Tan has sat on the boards of various organisations in the public and private sectors. The positions he held include: member of the Resource Panel for Government Parliamentary Committee for Finance and Trade and Industry; member of the Advisory Panel for Youth Corps Singapore; member of the Advisory Panel for the Ministry of Education; member of the Advisory Panel for the Ministry of Culture, Community and Youth;[8][9] board member of Lien Aid Limited (Singapore), the endowment fund for KK Women's and Children's Hospital;[10] advisory board member of Shanghai Jiao Tong University's Shanghai Advanced Institute of Finance; board member of Singapore Press Holdings; non-executive and independent director of Keppel REIT (until June 2017);[11] member of Nanyang Technological University's board of trustees; member of Hwa Chong Institution executive committee board; member of Grab Inc advisory board; member of the Monetary Authority of Singapore's Finance Centre Advisory Panel;[12] and member of the Maritime and Port Authority of Singapore's International Maritime Centre (IMC) 2030 Advisory Committee.[13] Tan was the judge for the Best CEO Award for Singapore Corporate Award and the judge for the Ernst and Young Entrepreneur of the Year Award.

He currently sits on the Hwa Chong Institution EXCO of Board of Governors as well as EXCO of Board of Directors. He wrote an article on 自强不息的华中精神 which was published on 22 March 2019.

Recently in the press statement, Tan said ICC TradeFlow is the first to be powered by the TradeTrust network. "This is a Singaporean take on how to successfully adopt global trade finance technology under the leadership of governmental stakeholders," [14]

In May 2020, Tan has been appointed to join the Emerging Stronger Taskforce (EST) set up under the Future Economy Council (FEC). The government-led taskforce consisted of key industry representatives to review how Singapore can build new sources of dynamism and stay economically resilient in a post-COVID-19 world. [15]

Family office

Tan is an active investor in technology and makes personal investments through his family office vehicle.[16]  Tan is an early investor in South Korea's largest e-commerce company, Coupang. In 2018, Coupang raised $2 billion from SoftBank Vision Fund valuing the company at $9 billion.[17]

Academic career

Tan and Thomas R. Robinson, the president and CEO of AACSB International, co-wrote Asian Financial Statement Analysis: Detecting Financial Irregularities, which was published in April 2014 by Wiley.[18] The Chinese version of the book was launched in Shanghai in 2015, and copies were sold out upon release.[19]

Tan is an adjunct professor at Nanyang Technological University (his alma mater),[20] Shanghai Jiao Tong University,[21] Singapore Management University[22] and the University of Yale.[23] He has also taken on the International Olympic Committee Financial Advisor role from March 2016 to December 2019.

Awards and accolades

Tan received the Distinguished Financial Industry Certified Professional Award from the Singapore government in 2013. In 2014, he was honoured as a World Economic Forum Young Global Leader and World Cities Summit Young Leader,[24] and received the Nanyang Alumni Award from Nanyang Technological University, his alma mater.[25] In 2015, he received the World Outstanding Young Chinese Entrepreneurs Award. He was also voted by The Hedge Fund Journal as the emerging top 40 absolute return investors globally and recognised by The Asset for managing the Best Asia Credit Hedge Fund.[26] He was honoured as a World Economic Forum Young Global Leader in 2010.[27]

Tan received a gold medal award from the Community Chest on behalf of Trafigura Foundation at the Istana on 9 October 2019. He has always been supporting Trafigura Foundation’s continuous support towards the community in Singapore.

Personal life

Tan grew up with his parents and two siblings in a one-room apartment in Toa Payoh.[28][29] He now lives with his wife and three children.[2] Tan is an avid fan of Premier League football club Liverpool F.C.[30]

He is actively involved in social work since university days.[31] Some of the social initiatives that Tan has been involved with include: Setting up the Premmies Fund with the KK Women's and Children's Hospital to help parents with premature babies cope with the financial burden;[32] Working with ComChest and NCSS to pilot a quarterly donor engagement series for high net worth individuals looking to make a social impact.[33]

References

  1. "Trafigura Group names Tan Chin Hwee CEO of Asia-Pacific". The Straits Times.
  2. Velloor, Ravi (25 June 2017). "In Good Company: Ace investor Tan Chin Hwee can't resist pull of mentoring". The Straits Times. Singapore. Retrieved 11 August 2017.
  3. "Bank on his heart".
  4. "Media Release – SPH Appoints New Board Director" (PDF). Singapore Press Holdings Ltd.
  5. "Why walking away from a successful career in finance is not so hard". South China Morning Post. 22 December 2015. Retrieved 15 April 2019.
  6. "Global Fortune 500 List – Trafigura Group". Fortune 500.
  7. "These are Singapore's three largest companies, according to this year's Fortune 500 list – Business Insider Singapore". www-businessinsider-sg.cdn.ampproject.org. Retrieved 27 July 2019.
  8. "A life of service is a life worth swiping". The Straits Times.
  9. "Go beyond book-smarts, to resilience and curiosity". The Straits Times.
  10. "KKH Health Endowment Fund : Sub-funds". KK Women's and Children's Hospital. Archived from the original on 19 August 2014. Retrieved 19 August 2014.
  11. "K-REIT Asia further strengthens Board with the appointment of Mr Tan Chin Hwee". Keppel REIT Press Release.
  12. "Board of Trustees". NTU.
  13. "Maritime and Port Authority: IMC 2030 Advisory Committee".
  14. https://www.businesstimes.com.sg/government-economy/trafigura-pilots-us20m-trade-on-singapore-blockchain-platform-developed-with-dbs
  15. https://www.straitstimes.com/singapore/task-force-on-singapores-post-covid-19-economic-recovery-to-share-first-recommendations
  16. hermes (14 February 2018). "Singapore must think like a platform to thrive as a digital hub". The Straits Times. Retrieved 19 April 2019.
  17. Chung, Grace. "Coupang, Korea's Answer to Amazon, Raises $2 Billion, Mints New Billionaire". Forbes. Retrieved 19 April 2019.
  18. Asian Financial Statement Analysis: Detecting Financial Irregularities. Wiley. ISBN 1118486528.
  19. "我国金融投资家陈竞辉撰写 《亚洲财务黑洞》 中国热销". Lianhe Zaobao. Archived from the original on 16 August 2016. Retrieved 25 July 2016.
  20. "About NTU: Organisation: Mr Tan Chin Hwee". Nanyang Technological University. Retrieved 11 August 2017.
  21. "Board of Directors: Mr Tan Chin Hwee". Keppel REIT. Retrieved 11 August 2017.
  22. "Faculty Members". Singapore Management University: Lee Kong Chian School of Business.
  23. Tan, Chin Hwee. "Education, the Great Equalizer". Yale: In Service of Singapore. Retrieved 11 August 2017.
  24. "WCS Young Leaders". World Cities Summit. Archived from the original on 19 August 2014. Retrieved 19 August 2014.
  25. "Nanyang Alumni Achievement Award Recipient (2014)". Nanyang Alumni Awards 2014.
  26. "Our Team". Apollo Global Management. Archived from the original on 30 September 2013.
  27. "Tan Chin Hwee". World Economic Forum.
  28. "The boy who couldn't go to school". AsiaOne News.
  29. "How do we achieve social equilibrium?". Money 89.3FM The Breakfast Huddle.
  30. "Football's lessons on being an underdog". The Business Times. Retrieved 26 April 2018.
  31. https://www.forbes.com/sites/gracechung/2018/11/12/asias-2018-heroes-of-philanthropy/#74f275d8ec4b
  32. "Investing in care and compassion". intheblack.com. Retrieved 20 April 2019.
  33. "When C-Suites Give Back: Tan Chin Hwee, APAC CEO of Trafigura Group". Prestige Online. 15 March 2018. Retrieved 20 April 2019.
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