Leon, who is Spire’s co-founder and has led the company since the year 2000, remains as Chairman of the Board of Spire Research and Consulting Pte Ltd and will continue to lend his advice and experience to the Group. Since 2016, he has focused on projects in the Asia-Pacific region for Japanese clients. His early career experience was in business revitalization consulting for Japanese SMEs.
Go has worked with YCG since 2008 and has headed the Singapore branch of YCG since 2019. He has extensive experience of working for global clients to execute projects in strategy consulting, cross-border M&A, organisation reform and post-merger integration. In 2018, he was posted to the US, where he founded and led Yamada Consulting Group USA Inc. He has served with YCG for over 15 years. Rio is the head of Yamada Consulting Group’s international business and a key member of YCG’s global senior management team. He has tremendous experience in delivering Asia-Pacific and global research and consulting projects for Fortune 500 MNCs in sectors such as food, information technology and construction. He led the establishment of Spire’s India office in 2009. Japnit Singh has worked with Spire since the year 2004. He has deep experience in research-based consulting work in telecommunications, the public sector, port management, financial services, logistics and other verticals. Jeffrey led the establishment Spire’s Indonesia office in 2003 and Malaysia office in 2007. Jeffrey Bahar has worked with Spire since the year 2000 and was historically the company’s third employee. The Group is fortunate to be able to tap on the extensive industry experience of Jeffrey and Japnit to provide executive leadership in its next phase of growth. Group employees have already been briefed on these management team changes. These changes take effect from 1 November 2021. Go Sakano will assume the role of Chief Financial Officer (CFO) of Spire. Jeffrey Bahar and Japnit Singh, who are both currently Deputy CEOs, will each assume the position of joint Chief Operating Officer (COO) and will extend their current executive leadership functions with respect to Spire’s operations. Rio Funayama will assume the position of CEO. November 1, 2021, Singapore – The Spire Research and Consulting Group and its parent company Yamada Consulting Group Co., Ltd (YCG) would like to announce that Leon Perera will be stepping down from his current position as Chief Executive Officer (CEO) of the Spire Research and Consulting Group. Go Sakano will assume the role of CFO of Spire. Jeffrey Bahar and Japnit Singh will each assume the position of joint COO and will extend their current executive leadership functions with respect to Spire’s operations. Outstanding loans for small firms was at 18.6 trillion yuan ($2.91 trillion) at the end of October, up 26.7% from a year earlier, he added.Ĭhina stood pat on its benchmark lending rates for corporate and household loans for a 19th month at its November fixing on Monday, in line with market expectations.In this planned leadership succession, Rio Funayama will assume the position of CEO of Spire. The weighted average lending rate for small firms was at 4.94% in October, down 0.14 percentage points from December 2020, Zou said. The government will closely monitor their production and operations, study policy options, and will turn phased preferential policies into long-term policies, Xu said.Ĭhina's cabinet said on Monday it would increase financing support for small businesses hurt by soaring raw material prices, power shortages and recent COVID-19 outbreaks.Ĭhina's economy faces new downward pressures but authorities should avoid rolling out economic measures in a "campaign-like and aggressive" way, Premier Li said on Monday, according to state media.
Xu Xiaolan, vice minister of industry and information technology, told the same briefing that small- and medium-size firms face new problems and increased downward pressure. Zou said on Monday the PBOC would guide financial institutions to step up lending to the manufacturing sector, small firms and green sectors. His comments come a day after Premier Li Keqiang said authorities needed to avoid a "one-size-fits-all" approach to shoring up economic growth. The central bank will deepen interest rate reforms and improve rate transmission to further lower financing costs, Zou Lan, head of financial markets at the People's Bank of China (PBOC), told a briefing. BEIJING: China will keep liquidity reasonably ample and reduce funding costs, especially for small firms, a central bank official said on Tuesday, in a bid to support the slowing economy.
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