GAO Advisors, with the team's real world experience in leading global financial institutions, provides experts across various subject matters including financial valuation and family business matters.
We share our logo with our affiliated company, GAO Capital regulated by the Monetary Authority of Singapore (MAS), which is shaped like the Chinese character 高 which symbolizes our hopes for High Performance with High Integrity for GAO Advisors. See if you can spot the alphabets G, A and O with the red dot representing the small but dynamic Singapore where our founder was born and raised.
Our Advantage
"Ms Yak is a court-appointed expert and she is eminently qualified with impressive credentials which included corporate finance experience at JP Morgan and UBS Investment Bank."
Chauwei Yak meeting Alan Greenspan, Former Chair of the Federal Reserve of the United States
Areas of Expertise
Valuations and market impact assessments
Risk management
Regulatory and internal investigations
Market abuse, mis-representation, and mis-selling
Securities and derivatives across all asset classes
Secured and unsecured lending
Asset management
Corporate transactions
Our Experience
Valuation: Court-appointed Witness for Company Property Valuation
"the Court Expert had also taken on board the views of the Wife’s expert where he agreed with them, but not others where he disagreed"
"The Court Expert has explained in the report the reasons behind why and how he arrived at the valuation of the Company Property at $6.4 million, and how he treated the various cash advances the Husband made
to the company"
"I find that the Court Expert has adequately explained how he arrived at the valuation and I agree with the Court Expert’s valuation."
High Court (Family Division) — Divorce (Transferred) No 5269 of 2011
Tan Puay Boon JC
Asset Management: Code of Conduct
"Ms. Yak Chau Wei, the expert witness called by the SFC, testified that the United Kingdom Financial Conduct Authority in 2015 had published a paper titled “Asset Management Firms and the Risk of Market Abuse” which spoke of there being a lack of effective policies in many asset management firms to identify unintentional inside information being received in the course of the investment process."
"At this juncture, it should be noted that the expert witness called by the SFC, Ms. Yak Chau Wei, did not agree with the evidence of Colin Knight that it was common practice for a fund manager to hedge his anticipated exposure to a likely (but not certain) block trade"
Christopher James Aarons v Securities and Futures Commission (SFC)
In the Securities and Futures Appeals Tribunal
Valuation of Damages: Extrapolation Methodology
"Yak then considered two methods to arrive at the value in October 2017...
The first method was a univariate projection of the membership price in October 2017, based on past transactions since October 2002...
The second method was to extrapolate the price of membership in the Club using a social club index..."
"I accept Yak’s evidence that there is no diminution in the value of the plaintiffs’ memberships in the Club at 30SR as at October 2017 compared to the value of their memberships in the Club at Laguna. I find that Yak’s approach is reasonable and logical. Further, the plaintiffs have offered no evidence for such diminution in value of the plaintiffs’ memberships."
Meow Moy Lan and others v Exklusiv Resorts Pte Ltd and another [2021] SGHC 155
General Division of the High Court — Suit No 756 of 2019
Chua Lee Ming J
Valuation: Discount for Lack of Marketability (DLOM)
"The Judge [noted] that Ms Yak was well-qualified, and that the reports by GAO Advisors were sufficient (GD at [49])"
"We accept that GAO Advisors had sound reasons not to apply a DLOM. GAO Advisors’ valuation of JJ was a fair one and a considerably conservative estimate."
Appellate Division of the High Court — Civil Appeal No 68 of 2022
Debbie Ong Siew Ling JAD, Valerie Thean J, Andre Maniam J