Petaling Jaya, Selangor, Malaysia
Darryl is a CFA charterholder and a qualified chartered accountant (ACA) and Business & Finance Professional (BFP) with the Institute of Chartered Accountants in England and Wales (ICAEW). He is currently a part of the Maxis Business Planning team focusing on strategic financial analysis of Technology and Network-related projects. Prior to Maxis, he was attached with the Corporate Finance practice in KPMG, where he supported both private sector and governmental clients in strategy advisory, business valuation, and feasibility studies. Before that, he was employed with a multinational conglomerate headquartered in Malaysia which has business interests in Plantations, Property, Heavy Equipment (Industrial), Motors, and Utilities across multiple geographical regions. He was involved in the Group's strategic funding and treasury activities, covering acquisition and strategic funding, debt & liability management, funding and hedging strategy, and cash flow forecasting.
Leads analysis and structuring of high priority and mission critical projects, including strategic planning, feasibility analyses and financial modelling of various Maxis initiatives. Lead collaborations and negotiations with the regulator and industry peers on network-related projects.
Primarily focused on strategy advisory, business valuations and feasibility studies. Key engagements include: - financial impact analysis and modelling for a leading telecommunications company in Malaysia; - advising a local state electricity utility on a regulatory accounts framework preparation in-line with regulatory and market best practices; - tariff setting advisory and opex / capex review of a local utility; - strategy study and advisory for a Malaysian banking group to identify and assess various strategic options for its key business division; - corporate restructuring of a venture capital management company; - transformation advisory and business valuation of a state utility company (identify potential strategic levers to enhance sustainable profitability while supporting key socio-economic initiatives); - financial feasibility study and business valuation for the acquisition of two downstream plantation assets based in Malaysia by a global Japanese conglomerate; - advising a state government on the evaluation, selection, and contracting of a project delivery partner for a multi-faceted infrastructure project; - advising the federal government on the optimal project delivery model for a new e-procurement system; - performing a sell-side business valuation on the shares of a facilities management concessionaire; - performing a buy-side business valuation on the shares of a concessionaire which has been awarded a project on a build-operate-transfer model; - operational advisory for a prominent telecommunications company in Malaysia - improving the short term cash flow forecasting process and setting up a corporate treasury function, through an international collaboration with another KPMG office.
Responsible for funding planning and strategy of the new standalone Plantation group post-demerger, which include ensuring a sufficient level of capital adequacy for operational and strategic initiatives. Involved in a group-wide value creation and enhancement initiative to drive sustainable change, in collaboration with an internationally acclaimed consulting firm.
Experienced in structuring, negotiating and executing various types of funding arrangements, including but not limited to bonds / sukuk, working capital lines and term loans, as well as structuring hedging solutions in line with the Group's risk framework - i.e. identifying requirements and executing cross-currency swaps, interest rate swaps, and FX hedges. Involved in several key projects such as: - structuring, and fundraising for the acquisition of a UK-listed plantation company based in Asia; - debt management / segregation of the group's debts pursuant to the demerger exercise of the Sime Darby Group into 3 separately-listed business entities; - issuance of Euro-denominated privately placed bonds subscribed by a global insurance company; and - issuance of Sime Darby Group's maiden perpetual sukuk (which is also incidentally Malaysia's first under the Sukuk Wakalah programme).
Involved with the annual statutory audits of one of Malaysia's most prominent banking groups. Primarily focused on loan impairment testing (individual and collective assessments) in accordance to the relevant accounting and auditing standards, as well as the applicable Basel framework. Throughout my tenure, I was also involved in statutory audits related to the asset management industry - i.e. a local Malaysian bank-backed asset manager and several unit trust funds.