International Valuation Standards Council's builds Asia den in the Lion City

The Singapore office will be the council’s first base outside Europe.

Singapore has been selected by the International Valuation Standards Council (IVSC) to become its base in Asia. The Singapore office will be the council's first base outside Europe.

The Singapore office will be established at the Revenue House.

The council said it chose Singapore to locate its Asia office " for its position as a global financial centre and its Asia Regional Headquarters status across a diverse range of industries."

As the council's Asian hub, Singapore will advocate for the adoption of International Valuation Standards in the region. The Lion City will also help develop valuation standards and expertise in Asia.

Other roles that the Singapore office will play include:

• Leading the councils' engagement with Asia-based entities including financial and securities regulators, governments, other standard setters, Valuation Professional Organisations and firms working in valuation;
• Providing technical expertise to the IVSC’s independent standards boards, and acting as a facilitator for regional input to IVS;
• Facilitating engagement and interaction on guidelines or standards on the valuation of IA;
• Facilitating the acceptance of professional standards of IVSC member organisations;
• Organising events and forums in Singapore including the IVSC AGM, roundtables, and thought-leadership masterclasses and webinars for the Asian markets; and
• Setting up an IVSC Asia Board for outreach and engagement across the region.