Tricor Group's Lennard Yong named Executive of the Year for Business Services

Yong's leadership saw the introduction of robotic process automation to the firm.

The Hong Kong Business Magazine announced that Tricor Group CEO, Lennard Yong was awarded as the Executive of the Year Award for Business Services category at its excellence awards for 2019. Mr. Yong remarked “This accolade really belongs to 2 persons who were instrumental in the recognition; firstly to Permira and my Board who entrusted me with this asset and gave me the bandwidth to build this business, second to my senior management team at the Head Office in Hong Kong and the country/region leaders who together we work as leaders and partners to forge a leading Asian business.

Now in its second year, Hong Kong Business Review recognises the city’s most outstanding business leaders, including exceptional teams and individuals whose initiatives have yielded substantial business gains for their company’s operations.

Tricor Group, owned by global private equity firm Permira with strategic minority interests held by its senior executives, is Asia’s leading business expansion specialist and provider of integrated business, corporate, investor, human resources and payroll, corporate trust and debt services. Tricor has enabled 250 multinationals to enter the Asian markets and over 2,000 Chinese operations to expand internationally using jurisdictions Hong Kong and Singapore as the launch pad. Today, the firm’s operations in 21 markets and 47 offices distributed strong strategic, financial and operational targets to deliver exceptional service to over 50,000 corporate clients across the globe and achieve its strong performance in 2019 despite the headwind in the midst of the global trade dispute.

Since Mr Yong joined Tricor in 2018, the company’s notable achievements would include the acquisition of a strategic asset in China Richful Deyong (RFDY) giving Tricor a network of 140 relationship managers across 12 major Chinese cities and enabling Tricor to participate in the globalization of Chinese corporations. Second, the business and leadership have continued to transform internally with the introduction of robotic process automation, added a contemporary shared services centre in Kuala Lumpur, Malaysia to support its payroll and corporate services. Third, he has also led the buildout of Tricor’s leadership team across the Asia region with key hires that have added strategic and commercial capability previously not in the business especially in their new services.

Consequently, the Group’s efforts are now yielding the strongest financial result in its two decade history and continuing to add strategic acquisitions to further bolsters its offerings to clients. Mr Yong added “…this recognition is a testament to the 2,600 people who are dedicated to service excellence to over 50,000 corporate clients”.

Watch the interview with Lennard Yong below to know more about his success:

The second Hong Kong Business Management Excellence Awards was held on 21 November 2019 at the Island Shangri-La, Hong Kong.

The 2019 nominees were judged by a panel consisting of Charbon Lo Director of Crowe (HK) CPA Limited; Roy Lo, Managing Partner of SHINEWING (HK) CPA Limited; Anthony Tam , Executive Director of Tax Advisory Services at Mazars Hong Kong; Andrew Ross, Managing Director of Baker Tilly Hong Kong; and Eugene Liu, Managing Partner of RSM Hong Kong.

If you would like to join the 2020 awards and be lauded as one of the most outstanding management executives of Hong Kong, please email [email protected].