Chavalit Frederick Tsao is the Chairman of IMC Pan Asia Alliance Group (IMC Group) and President of the Family Business Network (FBN) Asia. The family business started in the Shanghai Bund before 1906. Mr. Tsao joined his family business at twenty years old after he graduated from the University of Michigan with a Master of Science in Engineering (Industrial and Operations Engineering) and a Bachelor of Science in Engineering (Navel Architecture and Marine Engineering). In 1995 and at the age of thirty-eight, Mr. Tsao took over the helm from his father, Tan Sri Frank Tsao, to become the fourth generation steward of the family business. Under his leadership as Chairman of the IMC Group, he transformed the traditional shipping company into a multi-national conglomerate with four strategically diversified business areas in more than 17 countries.
Mr. Tsao has served on numerous maritime and non-profit organisations. Notably, he served for seven years as Chairman of Intercargo, an international dry cargo shipping organisation. He also created a number of platforms to promote collaboration between the maritime industry, regulators and related non-profit organisations. At present, he remains an Executive Committee member of Intercargo
George was previously Managing Director at Morgan Grenfell (Asia) Limited, Merrill Lynch International Bank Limited, Sun Hung Kai Securities Pte Ltd and Lum Chang Securities Pte Ltd. He was also an Executive Director and Partner of Kay Hian Pte Ltd (now UOB Kay Hian Securities Limited). He has acted as a financial consultant to several private families and public listed companies, including Orchard Parade Holdings Limited and Provision Suppliers Corporation Limited.
He has also been Executive Chairman of two public listed companies; one in precision engineering plastics and the other in audio and video produce and services which were re-organised and subsequently sold via takeover or reverse takeover. He has served as Independent Director and Chairman of the Audit Committee of various companies listed in Singapore and in Kuala Lumpur, Malaysia. After serving six years as Independent Commissioner and Chairman of the Audit Committee at PT Indosat TBK (listed on Bapepam Indonesia), he stepped down in June 2013.
George also served as a Director and Chairman of the Board of Mount Alvernia Hospital for seven years and was its interim CEO from January to July 2013. Currently, he sits on the board of the National Cancer Centre's Community Cancer Fund and Yoma Strategic Holdings Limited. He is also appointed as a Trustee for NCC Research Fund and member of the Governing Council of the Singapore Institute of Management.
Roy has more than 25 years of experience in finance, investment, private equity and business. In the first half of his career, he worked in Citibank, Schroders Investment Management, a Family Office and UBS Securities. He then ventured into his first business in diagnostic imaging under the "RadLink" brand, raised capital and build the business into a chain including a state-of-the-art Cyclotron facility in Singapore, before divesting it to the Fortis Group. A few years ago, he commenced his second business in private education specialising in American curriculum and e-delivery technology. His group is currently embarking on an Asia-Pacific rollout plan.
Roy also holds four professional titles, namely Chartered Financial Analyst, Chartered Alternative Investment Analyst, Chartered Financial Consultant and Chartered Life Underwriter, in addition to a Bachelors Degree in Business Administration from the National University of Singapore.