New CFO at Li & Fung Ltd
On October 9, 2012 Hong Kong based Li & Fung Limited (multinational consumer goods sourcing, distribution, and logistics group) appointed Ed Lam, MBA, CPA as CFO Chief Financial Officer in line with the expansion of the senior management team to facilitate the group’s organic growth and acquisition strategy
Ed Lam brings more than 20 years of financial knowledge to Li & Fung and held previously positions with Citi Bank (six years both in USA and in Hong Kong), Morgan Stanley (nine years both in New York and Hong Kong), and Coopers and Lybrand and was engaged in accounting, auditing, corporate finance, corporate banking, capital markets transactions as well as M&A mergers and acquisitions advisory. He is a Certified Public Accountant and is also a member of the Takeover Panel of the Securities & Futures Commission of Hong Kong.
Spencer Fung, Group Chief Operating Officer 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 Lam is an accomplished and respected finance executive with relevant experience and his proven expertise will complement our existing management team.