2iB Partners Welcomes Chairman of Eu Yan Sang International, Richard Eu as Adviser

SINGAPORE – 20th November, 2017 – 2iB Partners proudly welcomes Richard Eu as adviser and part of its team. Richard brings an invaluable wealth of experience having grown a small company into one of Asia’s largest Traditional Chinese Medicine groups today.

Richard Eu was appointed to the board as Chairman of Eu Yan Sang International (“EYSI”) board on 1st of October 2017. He leads the board in providing governance oversight, deliberating the Group’s strategic choices and providing independent counsel and advice to the Group Chief Executive Officer (“CEO”). Richard joined the business in 1989 and was appointed Group CEO of EYSI in 2002. He has been instrumental in transforming it into one of Asia’s largest Traditional Chinese Medicine (“TCM”) groups today. EYSI was listed on SGX from 2000 to 2016.

EYSI is a company that specializes in traditional Chinese medicine since 1879. It currently runs more than 300 retail outlets in Hong Kong, Macau, China, Malaysia, Singapore, and Australia, plus two factories in Hong Kong and Malaysia. The group also operates over 30 TCM clinics in Malaysia, Singapore and Hong Kong.

Richard was named the Ernst & Young Entrepreneur of the Year 2011 (Singapore) and represented Singapore at the Ernst & Young World Entrepreneur of The Year 2012 award in Monte Carlo, Monaco. He was also recognized as the CEO of the year by the Singapore Corporate Awards 2010, for SGX-listed companies with a market capitalization of under S$300 million. In 2016, he was lauded as the Brand Leader of the Year by InfluentialBrands. Richard holds a Bachelor of Law degree from the London University, UK and has worked in merchant banking, investment management, stock broking, computer distribution, and venture capital.

He actively participates in community projects and non-profit organizations. He serves as Chairman of the National Museum of Singapore and Singapore University of Social Sciences and is on the board of Thye Hua Kwan Moral Charities Limited. He also sits on the boards of other companies.

Message from Managing Director, Mr. Yang Yen Thaw:

“It is our privilege and pleasure to welcome Richard as our friend and Adviser to our panel of experts to assist clients in their business. Be it from growing as a small company to family businesses or scaling up as an SME to valuable advice on listed companies. Our clients will benefit immensely from his insights and extensive experience.”

Message from Director, Mr. Dylan Tan:

“Richard is someone who has achieved great success in the business world and is undoubtedly one of the representatives of Singapore brands. He also has a strong passion for keeping Singapore brands alive. Needless to say, he brings a wealth of experience and can provide invaluable advice to the companies we work with. This ties in greatly with our aim of helping Singapore small and medium enterprise (“SMEs”) scale up and internationalize. – Of course, he is also, literally, a rock star.”