Mr. LAU BOON TUAN
Member of Committee
Mr. Lau has extensive experience in managing businesses in South East Asia and especially in Vietnam.
In Vietnam, when he was the Finance Director of Pepsi-Cola International, he was one of the key team members to explore business opportunities in Vietnam in 1992. He was part of the team who identified potential JV partners and negotiated on the overall structure of the shareholding for Pepsi-Cola Vietnam which went into operation successfully within 4 hours of the US embargo being lifted in 1994.
In 2008, he was appointed Head of Vietnam with the objective to spearhead Fullerton Financial Holding's (FFH) entry strategy into Vietnam through the setup of a finance company as well as an acquisition of a local bank. After he sealed the deal with all regulatory approvals in 2011, he was the first foreign CEO to be appointed to run the local bank, Mekong Development Bank.
Before joining FFH, in 2005, he was appointed as the Group CEO of Singapore Post Limited (SingPost) where he improved SingPost’s net income over 3 years with a CAGR growth of 15%. As a result, SingPost stock priced went up 41.0% during his tenure and the market cap exceeded $2 billion dollars. SingPost became the 40th largest listed company in the Singapore Stock Exchange in terms of market cap during that period.
In his career that spans over more than 30 years, he held different key positions starting at PriceWaterhouse, Finance Director Pepsi International, COO Yeo Hiap Seng (Singapore), CEO CitiBank Consumer Bank Thailand, Group CEO Singapore Post Ltd, Head of Vietnam Fullerton Financial Holdings (wholly owned subsidiary of Temasek Singapore) and CEO of Mekong Development Bank.
Mr. Lau graduated from University of Western Australia with a Bachelor of Commerce degree.