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Wong Yu Loon to be deputy group CEO of Boustead Group from May 1

BOUSTEAD Singapore will appoint Wong Yu Loon as deputy group chief executive officer of Boustead Group from May 1 as part of plans to ensure business continuity.

Mr Wong YL, 41, is the son of Boustead Singapore's chairman and chief Wong Fong Fui.

"In his role as deputy group CEO, Mr Wong (YL) will assist the group CEO in overseeing the day-to-day management, operations, business development and strategic planning," said Boustead. "The board is of the view that Mr Wong has gained considerable experience and extensive knowledge of the operations of the group and considers the appointment to be beneficial to the group. The appointment is also in line with the plans set out by the board to ensure continuity of the operations of the group."

Mr Wong YL joined the group in 2003 and was appointed as an executive director in April 2013. He began his role at the group level as the corporate planning manager before being promoted to group investment director, where he oversaw mergers and acquisitions (M&A), fund raising activities and headed the group's investments in the energy sector.

In the past, Mr Wong chalked up over 10 years of experience in M&A, fundraising and corporate advisory at investment firms in Australia and Singapore such as Carnegie, Wylie & Company, DBS Bank and Vickers Ballas & Company.

His past and current directorships include Boustead Infrastructures, ASX-listed OM Holdings and EasyCall International.