Coface-HKCCMA Credit Practitioner of Year 2003

Award Winner's Speech, May 5 2004

" I think the achievement of a (or any) successful credit practitioner is difficult to measure, because it involves a large degree of qualitative yardsticks. It is not something that we can judge by the profit performance in which the organization the credit manager serves due to the lack of a placebo situation to compare. This perhaps explains why in some organizations, serious credit manager could be seen as blockers to profit growth. "

Mr. Desmond Wu, FCCMA, CCCE, Coface-HKCCMA Credit Practitioner of Year 2003   

"Against this background, I am particularly grateful to Coface, the Association and the panel of distinguished adjudicators. I am honoured to receive the award, which champions and supports qualitative factors behind commendable credit practitioners."

"These certainly includes attributes like integrity, ethnical standards, contribution to the industry and society at large etc - the aggregate of what we called professionalism. I am also grateful to the Association for the unabated efforts in promoting and upholding the standard of professionalism in this occasion, I wish that this spirit could go on and be shared by more and more people within or outside the industry. Like other professionals, I believe credit and collection management practitioners should look at, not only the industry, but the community at large. From my years of experience in voluntary community services, I have become even firmer in the belief that our industry could have more to serve the community, particularly in the time of economic downturn, when personal financial planning or credit risk management in corporates (SMEs in particular) have started to re-gain its lost attention. The award, I believe, is a complement for efforts towards this direction and I hope this belief could be shared by fellow industry practitioners. "