Steven Parker
Managing Director
Steven Parker is a Managing Director based in Hong Kong and has more than 25 years’ experience in the Asia-Pacific region.
Steven specialises in forensic accounting and investigations, litigation support, risk management/advisory, and restructuring. He works on an extensive range of complex local and cross-border matters and assists global MNCs, private equity firms, private enterprises and law firms in conducting fraud and forensic investigations and reviews, helping clients resolve and mitigate risks arising from these matters.
Steven has wide-ranging industry expertise covering FMCG, financial services, pharmaceutical and life science, automotive, high-tech, and property management and development. His practice spans across multiple jurisdictions, including China, Hong Kong, Korea, Japan, the Philippines, Singapore, Malaysia, Indonesia, Thailand, Australia and New Zealand.
Steven’s extensive experience includes working in North and South America and across Asia-Pacific in various industry, public accounting and consulting roles. He began his career as an internal auditor for a multinational, completing various audit and forensic engagements in North and South America, and went on to assist the organisation to establish its operations in China. Later, he assisted one of the Big Four to establish their audit/assurance and consulting practices in China and became the Managing Director of its consulting practice. Steven has also assumed the role of Chief Financial Officer-Greater China & Asia Pacific for a global, publicly listed FMCG before taking on the role as Managing Director-Asia Pacific for a global risk advisory services firm.
Representative engagements
Served as expert witness on a complex, multi-jurisdictional anti-money laundering matter.
Acted as the interim Chief Financial Officer and Chief Restructuring Officer for a US-listed Chinese property development and management company based in Shenzhen, China.
Worked with numerous global private equity companies to undertake enhanced due diligence related to fraud, compliance, internal control effectiveness and financial risks of potential portfolio companies to validate that the controls related to fraud and anti-corruption were operative and effective.
Conducted investigations regarding bribery allegations in the tender/bidding process for the Asia-Pacific operations of a global banking and payment processing financial services firm.
Member of the expert valuation team on a take-private matter for a Chinese biopharmaceutical company valued at over US$4.7 billion.
Managed multiple Asia-Pacific FCPA/ABAC projects covering procure-to-pay, order-to-cash, third party/foreign agents for a global medical device manufacturer.
Undertook a forensic investigation related to whistleblower allegations of fraudulent payments, financial statement misrepresentation and asset misappropriation for a global manufacturer and distributor of food service products in mainland China.
Performed a forensic investigation based on whistleblower allegations in relation to conflicts of interests of senior management, director maleficence, asset misappropriation, and fraudulent transactions for a global manufacturer of packing products for F&B, household products and aerospace technologies.
Oversaw multiple investigations for the China operations of a global semi-conductor manufacturer related to asset misappropriation bribery and kick-back schemes. Refined key internal controls to mitigate fraud risks and conducted internal audits and risk reviews to ensure controls were functioning and effective.
Conducted FCPA/anti-corruption reviews and forensic investigations related to improper customer interaction with state-owned and public R&D research centers for the China and Asia-Pacific operations of a global LED and thin film manufacturer.
Performed investigations related to bribery by sales personnel and conducted internal audits and risk reviews of the Asia-Pacific operations of the world’s leading healthcare diagnostics company.
Conducted internal audits and risk review assessment related to AML, KYC, client on-boarding, business resiliency, core client services, credit risk and discretionary investment management for an American multinational investment bank and financial services institute with global operations.
Undertook an assessment of the client risk profiling model to assess its effectiveness, the rationale supporting the scoring methodology and responding to issues flagged by the Securities and Futures Commission regarding the risk profiling model.
Oversaw AML/KYC controls testing and implemented process improvements to enhance AML controls for a global payment and financial payment technology solutions company.
Served as Project Director for Asia-Pacific FCPA/anti-corruption audits for a US$5 billion global financial services organisation overseeing all aspects of the project plan, project deliverables, remediations and follow-on investigations.
Conducted US Office of Foreign Assets Control related audit reviews for a multinational bank and a global provider of commerce-enabling technology and solutions for merchants, financial institutions and card issuers for the Asia-Pacific region.
Served as Project Director for a global financial services firm’s call center operations in Asia-Pacific that focused on Non-Public Personal Information (NPI) data, data privacy and data security around the NPI data. Established the audit plan, conducted control testing on the NPI data security standards and controls and suggested improvements to the NPI security processes.
Undertook a corruption and bribery forensic investigation related to sales/tenders to hospitals and medical professionals as well as third parties utilised for interactions with doctors and physicians for a global pharmaceutical company engaged in medicine and consumer healthcare products.
Led and conducted more than 20 FCPA/anti-corruption reviews for MNCs in China focusing on overall relationships with State-Owned Enterprises, third party intermediaries, foreign agents and politically exposed persons.
Oversaw fraud investigations for multiple MNCs’ operations in China, focused on falsification of financial statements and asset misappropriation.
Undertook a forensic review on behalf of a private equity investor’s portfolio company in the education industry in China.
Served as internal control, process re-engineering, and finance and accounting expert on restructuring projects in the FMCG industry.
Professional qualifications
Member of the American Institute of Certified Public Accountants (AICPA)
Professional Diploma – Insolvency, Hong Kong Institute of Certified Public Accountants (HKICPA)
Master of Business Administration – International Finance, Washington University
Languages
English
Mandarin
