KPMG Canada partner Thomas Lee will take over as chair of the Financial Instruments Board of the International Valuation Standards Council (IVSC), taking the reins from Gavin Francis (HSBC Holdings PLC), who steps down after three years in the role; Lee has over 20 years of experience in public practice and leads the KPMG Valuation Services’ Financial Instruments team. “I believe in the importance of IVS 500 and the role that it will play in the IVSC’s pursuit of high-quality international valuation standards and I am honoured by the opportunity to lead this part of the objective,” Lee said.