Kenneth Aik
Partner

Kenneth works with clients in our Financial Services Practice since joining the Firm in 2013. His portfolio comprises mainly of clients that operate in the asset/wealth management sector. These include fund managers, single/multi- family offices and funds that are set up as either open-end or closed-end; and structured as standalone funds, umbrella funds or in a master-feeder funds structure.

He also works with clients that provide material outsourcing services to financial institutions that require assurance over internal controls related to outsourcing risks, i.e. OSPAR audits, as specified by guidelines issued by The Association of Banks in Singapore.

With his extensive experience, Kenneth has helped clients understand and navigate the complexities of setting up fund management businesses domestically and internationally. He is experienced in working with US, Cayman and Singapore fund structures (including Variable Capital Companies (VCC)).

Kenneth was previously with the Accounting and Corporate Regulatory Authority (ACRA) for over 3 years. At ACRA, he performed practice reviews of audits carried out by public accountants and conducted quality reviews of public accounting firms in Singapore. He was later promoted to Head (Deputy Director), Practice Monitoring Division.

Between 2007 and 2009, Kenneth was a Controller for a global fund management group that specialises in distressed debt and private equity situations, assisting its CFO in US GAAP financial reporting and the management of finance operations of the Group's funds in Asia.

Kenneth started his career with Ernst & Young in 1997, where he provided audit and advisory services to clients for over 10 years. In 2001, he was transferred to their New York office where he serviced US GAAP clients in the asset management industry. In 2003, he was transferred back to Singapore as an Audit Manager in the Global Financial Services Department. He was responsible for managing and leading engagement teams in financial statement assurances of asset management and futures brokerage clients under the Singapore Financial Reporting Standards, US GAAP and IFRS.

 

QUALIFICATIONS & PROFESSIONAL MEMBERSHIPS

  • Registered Public Accountant, Singapore
  • Practising Member, Institute of Singapore Chartered Accountants (ISCA)
  • Member, CPA Australia
  • Bachelor of Commerce (Accounting and Finance), University of Western Australia