Carmen Liu

Director

Shanghai

Carmen Liu is a Director in Control Risks' Compliance, Forensics and Intelligence practice. Based in Shanghai, she specialises in pre-transaction due diligence in mainland China, Hong Kong, Taiwan, Macau, Japan and Korea, and has also taken key roles in several business intelligence and fraud investigation projects. Her project experience has included a variety of sectors such as real estate, healthcare and pharmaceutical, finance and banking, automotive, retail and aviation sectors.

  • Asia Pacific
  • Business Intelligence
  • Competitor Intelligence
  • 3rd Party / Partner Due Diligence


Carmen Liu is a Director in Control Risks' Compliance, Forensics and Intelligence practice. Based in Shanghai, she specialises in pre-transaction due diligence in mainland China, Hong Kong, Taiwan, Macau, Japan and Korea, and has also taken key roles in several business intelligence and fraud investigation projects. Her project experience has included a variety of sectors such as real estate, healthcare and pharmaceutical, finance and banking, automotive, retail and aviation sectors.


Carmen’s recent projects include:
  • Pre-M&A commercial due diligence for a Fortune 500 US construction materials manufacturing company. Carmen supported its acquisition of a top-tier Chinese competitor by understanding the target company's distribution chain, pricing dynamics, end users and market potential, as well as gathering competitor intelligence.

  • Conducting multi-jurisdictional asset trace for a Singaporean client who sought to pursue debts owed by a business partner. The exercise was conducted through extensive public domain research and discreet enquiries in those jurisdictions involved, as well as targeted analysis of the partner’s financial status.

  • Investigation of alleged conflicts of interest involving a senior manager of a US paper manufacturer's subsidiary in China. This involved mapping out the manager and his known relatives' corporate interests, as well as making targeted enquiries to understand the manager's key local government and business relationships.

  • Investigating potential intellectual property rights infringement involving several Chinese competitors of a Japanese company, through an analysis of the companies' technical development history and the origin of the companies' technology.


Before joining Control Risks, Carmen worked for KPMG Shanghai as an auditor. Significant projects included an audit for a Hong Kong pre-IPO project.

Carmen holds a bachelor's degree in biological sciences from Fudan University. She is a native Mandarin speaker and is fluent in English.

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