Victor Lai

Victor Lai Kuan Loong

Victor Lai Kuan Loong is a Singaporean accountant, corporate advisor and company director. He is the principal consultant of CitadelCorp, a corporate adivisory firm based in Singapore. His work involves advising on corporate governance, capital markets, mergers and acquisitions, regulatory compliance and board advisory services. He was a senior manager at Boardroom Limited and PricewaterhouseCoopers (PwC). Currently, he is serving as an independent director and board chairman of multiple publicly listed companies in Singapore and Malaysia. He is also part of the Corporate Service Providers Advisory Panel of the Accounting and Corporate Regulatory Authority (ACRA).

Career

Early career and PricewaterhouseCoopers

Lai started his professional career at PricewaterhouseCoopers (PwC) in October 2002, doing audit and advisory. Later, he became a director at the firm and obtained his public accountant licence in 2014.

Boardroom Limited

Between February 2015 to July 2019, Lai was the regional managing director of Boardroom Limited. This entailed leading the company's share registry and corporate secretarial professional practices in Singapore and Hong Kong. His responsibilities included corporate advisory, regulatory compliance, listing and delisting transactions, and providing various services for publicly listed companies.

CitadelCorp

Lai founded CitadelCorp Pte. Ltd. in February 2020 and became its principal consultant in January 2021. The firm provides corporate and governance advisory services.

His advisory work includes mergers and acquisitions, including commercial and regulatory due diligence, as well as corporate strategy, business development, governance and regulatory compliance.

Regulatory and professional work

Lai has worked with the Monetary Authority of Singapore (MAS) and ACRA on matters concerning corporate regulation. He served as a country and sector representative in global regulatory reviews conducted by the Financial Action Task Force (FATF), relating to anti-money laundering and counter-financing of terrorism.

He also participated in a working group involving MAS and the Inland Revenue Authority of Singapore (IRAS) that established the tax-transparency treatment for real estate investment trust (REIT) exchange-traded funds (ETFs) in Singapore.

Lai is a member of ACRA's Corporate Service Providers Advisory Panel, which provides feedback on regulatory proposals and any developments that may affect the corporate services sector both locally and internationally

He has also served as a faculty member of the Singapore Exchange-prescribed Board of Directors Masterclass, a training programme for directors of companies listed on the Singapore Exchange. His teaching areas include corporate governance, risk management and audit.

Corporate directorships

Lai has held independent non-executive directorships in publicly listed companies in Singapore and Malaysia. His board responsibilities have included chairing boards and audit committees, overseeing financial reporting and regulatory compliance, and advising on corporate strategy and risk management.

He was appointed an independent director of Astaka Holdings Limited in November 2019 and subsequently became its non-executive chairman. He has also served as a director of JCY International Berhad, a listed company on Bursa Malaysia.

Media commentary

Lai has contributed his views to Singaporean media on corporate governance, financial accountability and regulatory developments.

In September 2022, he wrote a commentary published by Channel NewsAsia discussing corporate governance weaknesses and measures to strengthen oversight of company executives.

In December 2024, he was quoted by Channel NewsAsia on the dismissal of three senior executives by Singapore Post, commenting on the implications for corporate governance and board accountability.

In January 2025, Lai commented on the the technical issues affecting the Accounting and Corporate Regulatory Authority's (ACRA) revamp Bizfile portal, where he said that delays had prompted him to advise clients to anticipate longer processing times.

In February 2025, he commented on the boardroom dispute at City Developments Limited, discussing director nomination procedures and corporate governance practices in listed companies.

Education and qualifications

Lai graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours) degree in 2002. He is a Fellow Chartered Accountant of Singapore and a public accountant registered with ACRA.

He also completed Genesis Park, a global management development programme, in 2009.

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