Home / Knowledge / News / Apparel/Garments / Li & Fung Limited names Ed Lam as CFO
Li & Fung Limited names Ed Lam as CFO
09
Oct '12
Hong Kong-based Li & Fung Limited, the multinational consumer goods sourcing, distribution, and logistics group, announced it has appointed Ed Lam, MBA, CPA, as Chief Financial Officer in line with expansion of the senior management team to facilitate the group’s organic growth and acquisition strategy.

In April 2012, Group Chairman Dr William Fung announced Mr Spencer Fung as Group Chief Operating Officer responsible for the group’s global operations support including finance and accounting, human resources, IT, legal, employee communication, and sustainability.  Mr Lam will report to Mr Spencer Fung, and take up the position on November 5, 2012. 

Mr Lam brings more than 20 years of financial knowledge to Li & Fung and in his previous positions with Citi, Morgan Stanley, and Coopers and Lybrand, he has engaged in accounting, auditing, corporate finance, corporate banking, capital markets transactions, and mergers and acquisitions advisory.

His recent position at Citi was Head of Hong Kong Corporate & Investment Banking, where he worked with Li & Fung on various acquisitions, equity placements, bond offerings, trade finance, corporate loans and credit rating advisory work.

Mr Spencer Fung, Group Chief Operating Officer of Li & Fung, stated," Li & Fung has entered a new era of growth with our three global networks, and we are committed to further strengthen our strategic finance function to better allow us to capture the opportunities via our organic growth and acquisition strategy.

“Ed is an accomplished and respected finance executive with relevant experience in accounting, corporate finance, and a proven track record in M&A and leading financial strategy which will complement our existing management team.”

Mr Bruce Rockowitz, Group President and Chief Executive Officer of Li & Fung, said, “We are delighted to announce that, after a thorough selection process, Ed will be joining us at Li & Fung as the CFO.  I trust Ed is most suited for this vital function and look forward to working with him at Li & Fung.

“Ed knows Li & Fung well and he will be a valuable addition to our senior management team as we move forward with the conclusion of our present three year plan in 2013 and with our goals for further growth and global expansion."

Prior to joining Li & Fung, Mr Lam was with Citi for six years and more recently as Head of Hong Kong Corporate & Investment Banking responsible for the integrated corporate and investment banking team to serve key Hong Kong corporates, MNCs, and financial institutions.

From 1997 to 2006, Mr Lam was with Morgan Stanley in New York and Hong Kong, in various departments in both M&A and industry teams, and later served as Executive Director of Morgan Stanley.  He began his career with Coopers & Lybrand in Los Angeles where he was an Audit Engagement Manager.

Mr Lam is a Certified Public Accountant and holds a Master of Business Administration degree from University of Chicago, Graduate School of Business.  Mr Lam is also a member of the Takeover Panel of the Securities & Futures Commission of Hong Kong.

Li & Fung Limited

Must ReadView All

Textiles | On 24th Sep 2016

GST Council sets exemption limit at Rs 20 lakh

The GST Council has decided to exempt businesses from the Goods and...

Apparel/Garments | On 24th Sep 2016

DGFT adds new service providers in EPCG scheme

Providing great relief to the job working units in garment clusters...

Apparel/Garments | On 24th Sep 2016

Niti Aayog kicks off Indian ecommerce policy review

A Niti Aayog committee set up for the purpose, held deliberations...

Interviews View All

Asim Dalal
Indo Count Retail Ventures

Binoy Ravjani
Hero's Fashion

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
September 2016

September 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search