launderers hung out to dry - Hong Kong Institute of Certified Public ...

More documents

Recommendations

Info

Tang Nai Hoi, CFO of IBM China and Hong Kong, tells George W. Russell how he used his accounting and business skills to help his company keep up with three decades of blistering change in the IT world TRUE BLUE Photography by Samantha Sin October 2012 25
??????????? Success ingredient The result, he says, is that process defects – that is, defects caused by the inherent design of the process – are minimized to maybe one each year. “We see more human defects,” he acknowledges. “We have to keep repeating training and communication.” More recently, the 2008 financial crisis has forced IBM to implement better due diligence after a significant client was toppled. “Since Lehman Brothers, we don’t assume all our clients are okay by default,” Tang says. “We go through all the necessary credit checks. Everyone has to start from zero.” Having sold off much of its hardware 26 October 2012 business and with the focus now very much on cloud computing, IBM’s presence has become harder to fathom. Tang does seem to miss some of the gadgetry of the old IBM he knew when he joined. “It’s more difficult to show you our products, because a lot of our products are not hardware,” he concedes. Nevertheless, after a quick rummage through drawers, Tang shows how IBM is still very much involved in developing much of the IT we use today. Placing a 2002 Fujitsu Lifebook tablet computer next to the latest smartphones, he says, “It doesn’t matter what the front end is; the back end is still our services and products,” pressing a few buttons to launch IBM software. Logical choice Fortunately for Tang, the prospect of change was why he joined the company. The Hong Kong Baptist University graduate was completing a master’s degree in business administration at the University of Texas at Austin – an institution proud of a long history of collaboration with IBM – when recruiters told him the company’s Hong Kong office was looking for staff. Tang, a keen mathematics student and
Page 1 and 2: ISSUE 10 VOLUME 8 OCTOBER 2012 PLUS
Page 3 and 4: REGULARS 01 President’s message 0
Page 5 and 6: Mobile revolution to be focus of IT
Page 7 and 8: European Central Bank may gain powe
Page 9 and 10: NEWS GREATER CHINA Wen stands by mo
Page 11 and 12: Entrepreneurs in pledge to strength
Page 13 and 14: October 2012 15
Page 15 and 16: “Should their role be expanded? S
Page 17 and 18: October 2012 19
Page 19 and 20: Making a start Here in Hong Kong, c
Page 21: Success ingredient Tang Nai Hoi, ch
Page 25 and 26: In 2000, Tang was appointed CFO of
Page 27 and 28: a convenient place for money launde
Page 29 and 30: affecting bottom lines. A recent KP
Page 31 and 32: Work-life balance Creature comforts
Page 33 and 34: Work-life balance 38 October 2012 R
Page 35 and 36: Work life balance Alfred Chung and
Page 37 and 38: IFRS/HKFRS 8 IASB starts its post-i
Page 39 and 40: IFRS/HKFRS 8 fail the above quantit
Page 41 and 42: tal principle of confidentiality an
Page 43 and 44: Careers People on the move The late
Page 45 and 46: Romantic Rome To experience Rome is
Page 47 and 48: Beyond port and plonk There’s mor
Page 49: The Gap store recently opened near

launderers hung out to dry - Hong Kong Institute of Certified Public ...

Create successful ePaper yourself

Delete template?

Save as template?