FIDReC

Last Updated: 07/04/2008

Management and Board

FIDReC is an independent organisation with a Board chaired by retired Supreme Court Judge Mr Goh Joon Seng that includes equal numbers of non industry directors and industry directors.

The composition of the Board ensures FIDReC's independence, fairness, accessibility and transparency. FIDReC was created to ensure balanced representation for consumers and the financial sector.

Goh Joon Seng (FIDReC Chairman)
Mr Goh is an Advocate and Solicitor. He was admitted to the roll of Advocates and Solicitors of the Supreme Court of Singapore on 1 April 1963 and to that of West Malaysia the following year. He practised at the Bar until his appointment as a Judicial Commissioner on 1 October 1990 and Judge of the Supreme Court on 15 November 1990. He retired from the Supreme Court Bench on 22 March 2000 and is currently a Consultant with Lee & Lee.

Gerard Ee (FIDReC Director)
Mr Ee retired as a partner of Ernst & Young after 30 years of life as an auditor. Mr Ee served as President of the Automobile Association of Singapore (AAS) for 10 years before switching to his current role as Chairman of the Public Transport Council. Mr Ee also serves as a Justice of the Peace. Mr Ee is keenly involved in matters directly relating to the community. As the founding Chairman of the Council for Third Age he is promoting active living for older persons. He is also the Chairman of the National Kidney Foundation.

Yeo Guat Kwang (FIDReC Director)
Mr Yeo is the President of the Consumers Association of Singapore (CASE), a Member of Parliament for Aljunied GRC and Member of the Government Parliamentary Committee (GPC) for Manpower and Ministry of Community Development, Youth and Sports' GPC. He is also a Director of the National Trades Union Congress (NTUC) and concurrently the Executive Secretary of the Amalgamaged Union of Statutory Board Employees. He also serves on both the North East Community Development Council (CDC) and Aljunied Town Council as Vice Chairman.

Elsie Foh (FIDReC Director)
Mrs Elsie Foh is a Managing Director and was the Chief Operating Officer for DBS' Singapore Consumer Banking Group. In her capacity as the COO, she oversaw the operations of the Bank's retail business. Mrs Foh now heads up the Bank's regional core banking program.

Mrs Foh is a veteran career Banker with more than 20 years' experience and extensive knowledge relating to various aspects of the financial service industry.

Within the DBSH Group, Mrs Foh served on the Board of DBS Asset Management Ltd. Externally, she was a director of Network for Electronic Transfers (S) Pte Ltd.

Mrs Foh is an alternate Council member of the Association of Banks in Singapore. She has been a member of the Consumer Mediation Unit (CMU) Panel of Mediators.

Aside from serving on the boards of several companies, she was also a member of Public Education Committee on Family and a Non-Resident Fellow of Eusoff Hall.

Terence Tan (FIDReC Director)
He is the General Manager, Commercial Division, HSBC Insurance (Singapore) Pte Limited. He is also a Management Committee member of General Insurance Association (having served 2 terms as its President), Chairman of the joint SIBA/GIA Premium Payment Framework. He is also a Council Member of the National Fire Prevention Council. Mr. Tan has worked in various management positions in local and foreign insurance and broking companies in Singapore and abroad, and has over 35 years of insurance industry experience.

Mak Yuen Teen (FIDReC Director)
Mr Mak Yuen Teen is Regional Research Director (Asia-Pacific) at Watson Wyatt Worldwide, and Associate Professor of Accounting and Co-Director of the Corporate Governance and Financial Reporting Centre at the NUS Business School, National University of Singapore.

He holds a First Class Honours degree in accounting and finance, and masters and PhD degrees in accounting, and is a fellow of CPA Australia. He sits on several Singapore non-profit boards, is a member of the Charity Council and a member of the audit advisory committee of the United Nations Population Fund based in New York.

Lee Ming San (FIDReC Director)
Mr. Lee is Managing Director of One North Capital Pte. Ltd. Prior to this, he was Chief Executive Officer of CIMB-GK Securities, where he was responsible for the regional equities and corporate finance business of CIMB Group, which included retail broking and wealth management. He has over 20 years experience in financial services in general, with a particular focus on capital markets. Mr. Lee is an Associate Member of the Institute of Chartered Accountants of England and Wales.

Tan Hak Leh (FIDReC Alternate Director)
Mr Tan is a Managing Director of Great Eastern Life (GEL) Singapore responsible for GEL's insurance business in Singapore. He has more than 15 years of experience in the life insurance industry. Prior to joining GEL, Mr Tan was a director of the Insurance Supervision Department of the Monetary Authority of Singapore, playing an active role in policy review and supervision of life insurance companies. He also spent several years as a director of a consulting firm specialising in insurance and actuarial matters.

Mr Tan is a fellow of the Institute of Actuaries (UK) and was a council member of the Singapore Actuarial Society.

Ng Wee Jin (FIDREC Chief Executive Officer)
Mr Ng manages the operations of FIDReC and leads a team of Senior Managers, Managers and executives. He is also a FIDReC appointed Mediator and Adjudicator.

He was admitted to the roll of Advocates and Solicitors of the Supreme Court of Singapore in 1998. He was the recipient of the Harvard Club of Singapore Book Prize for Most Outstanding first year student in Law (1993/4), the Blackstone Prize (1993/4), the Shook Lin & Bok Prize (1993/4) as well as the Law Society of Singapore Book Prizes for two years (1993/4 & 1995/6).

He is currently a Member of the Ministry of Law's Alternative Dispute Resolution Advisory Committee. He presented papers at the 2nd Asia Pacific Mediation Conference (2003), the ADR Awareness Programme 2003 and the MAS Capital Markets Seminar (2004). He also delivered the welcome address for the 2nd day of the Conference on Insurance & Reinsurance Dispute Settlement & Arbitration in Asia (2005) and conducted a training workshop for regulators of Asian countries at the International Association of Insurance Supervisors 4th Asian Directors Seminar (2004). Past appointments include being a member of the Ministry of Law Resource Panel for Alternative Dispute Resolution.