Business owner with more than 30 years of experience in building a Traditional Chinese Medicine (TCM) company to Asia’s largest TCM groups today with more than 300 outlets across Australiasia.
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.
London University, UK
Bachelor of Law
- Global Strategy
- GTM Strategy
- Capital Raising
- Management consulting