This is to confirm that AFS Consulting under Hock Kheng’s leadership has been engaged by the Danamon Board of Management for the strategic project regarding FTP/ALM implementation.

AFS was selected due to its subject matter expertise demonstrated by the project team, past experience with similar projects at other banks and ability to follow through practical issues on the ground.

AFS Consulting delivered the project on schedule and fulfilled all key requirements of the project with satisfaction. Danamon has received good internal feedback that AFS has been able to engage different businesses to understand, agree and adopt the various best practices in FTP/ALM management.

Documentation and related training have also been carried out in detail and executed satisfactorily.

AFS Consulting has delivered on its project commitments in FTP/ALM to Danamon competently.

Lam Kun Kin
Business Head, Treasury/Capital Markets & Financial Institutions
Board of Management


The project was completed on time, and met our expectations completely.

In our experience, we have found AFS Consulting to be a very professional and competent consulting company who were able to help us achieve our business objectives.

We appreciate their commitment to the professional delivery of the project and the high quality of consulting work.

Sylvelin Kok
Senior Executive Vice President & Regional Head of Operations
BNP Paribas Asia Pacific


Thanks very much. We appreciated your participation and guidance.

Aditi Malik
Executive Director


For me, it was a wonderful experience working with you. Many thanks for enhancing my knowledge on the subject.

Bagwe Chintamani
Project Analyst


AFS Consulting was instrumental in promoting organizational change while completing the designated project.

We take cognizance that while the timelines given to AFS were challenging and stringent, the final deliverable coupled with their consulting and support services were of premium quality.

Jacob Abraham
Chief Risk Officer


AFS Consulting was selected for our Funds Transfer Pricing and ALM Risk Management Project from a number of competing consulting companies because our evaluation showed that it was the most qualified for the engagement, in terms of their previous work and their practical experience.

AFS Consulting helped us to build a strong foundation for using FTP, assimilating a converged set of principles and framework for managing the risks and revenues in the business units of our Banking Book. They delivered a high quality of work, particularly in their practical insights to the challenges that we faced.

Philip Goh Teck Siang
Executive Vice President & Group Chief Financial Officer