Ex-chief of Pheim Singapore back to lead company

Singapore

A veteran fund manager who fell afoul of the Securities & Futures Act several years ago is back at the helm of the multi-award winning boutique asset-management firm he founded.

This comes after the Monetary Authority of Singapore (MAS) gave its approval for the re-appointment of Tan Chong Koay as chief executive officer and an executive director of Pheim Asset Management (Asia).

In November 2012, the MAS issued an order prohibiting Dr Tan, a 40 year veteran of the industry, from carrying out fund-management activities in Singapore for three years; he was also barred from involvement in the fund-management business for four years from Nov 29, 20…