Board of Directors

Anton Lezhja


Chair of Board of Directors

Anton Lezhja is a Director in the Financial Advisory Services of Deloitte Central Europe working in Balkan region (specifically Albania and Kosovo) and has more than 15 years of professional experience in financial advisory. He has extensive experience in business valuations, real estate & intangible valuations, feasibility studies and financial modeling, as well as M&A, privatizations and PPP’s.

Anton is an Accredited Senior Appraiser of the American Society of Appraisers (ASA), a member of the Royal Institution of Chartered Surveyors (MRICS) and holds a Corporate Finance degree from ICAEW. He is accredited as a real estate appraiser both in Albania and Kosovo, licensed by the respective institutions. He is the designated trainer of the Introduction to Business Valuation courses organized by Deloitte Central Europe and the appointed trainer for business valuation courses for ASA qualifications in Europe. He also provides training courses for real estate valuations organized by Albanian and Kosovo institutions. Anton holds a University Diploma (Engineering) from University of Tirana, Albania; Faculty of Mechanical and Electrical Engineering.

Edwina Tam


Past Chair of Board of Directors

Edwina is a partner at Deloitte’s Hong Kong’s Valuation Advisory Services office, specializing in business and intangible asset valuations and corporate reorganization for both public and privately held entities involving mergers and acquisitions, strategic planning, financial statement reporting including purchase price allocation under HKFRS/IFRS and US GAAP, tax reorganization, and litigation support.

Prior to her specialization in business valuations, Edwina focused on tax and estate planning for small medium enterprises and provided services in personal, corporate and trust tax, and tax planning in Toronto.
Edwina currently serves on the APEC/IVSC Taskforce focused on improving valuation practices in the APEC region. She is a Chartered Professional Accountant/ Chartered Accountant (Chartered Professional Accountants Canada), a Chartered Business Valuator (Canadian Institute of Chartered Business Valuators) an Accredited Senior Appraiser in Business Valuation (American Society of Appraisers).

Peter Ott

Vice Chair

Peter Ott, CPA, CA, CBV is a Chartered Business Valuator that specializes in the analysis and valuation of business enterprises, shareholder ownership interests, intangible assets, fairness opinions and valuation for financial reporting and taxation purposes.

Peter Ott & Associates Inc. is the Canadian member of Valuation Research Group (VRG). VRG provides independent valuation, valuation advisory, and appraisal services around the world and has valued businesses and assets in more than 100 countries. VRG has global reach with offices throughout continental Europe, the U.K., Australia, Asia, and North and South America. With more than 1,300 professionals in over 50 offices around the world, VRG has an established reputation for providing expert and independent opinions for a variety of tax, financial reporting, and management planning requirements. VRG’s client list includes Global 100 companies, the portfolio companies of private equity firms, large global banks, hedge funds, pension funds, and other investors. VRG serves multinational and local businesses and has an intimate knowledge of local economies, languages, and cultures, as well as legislative requirements and accounting guidelines.

Previously Peter was a member of several committees and task forces of CBV Institute, including its Professional Practice and Standards Committee. The CBV Institute is nationally and internationally recognized as the pre-eminent business valuation organization in Canada. Peter regularly participates at the Appraisal Issues Task Force (AITF), a US-based group of professional appraisers who meet to establish and interpret the use of fair value measures in financial reporting and work with the FASB and the SEC to evaluate proposals and recommend valuation methodologies and approaches.

Raymond Moran


Chair Marketing Committee

Raymond Moran is CEO of MG Valuation LLC, and has 35 years’ experience with International valuation and accounting firms. MG Valuation is a independent valuation firm serving clients in the Americas, Europe and Asia/Pacific. He specializes in client relationships and valuations for cross-border and domestic mergers and acquisitions, bankruptcy and restructuring, fresh-start accounting, transaction advisory, and litigation support. He is Chair of the IIBV Marketing Committee, past Member of ASA and RICS Valuation Committees, frequent speaker and author on global valuation and accounting topics. Ray has spent much of the past 15 years in Asia/Pacific, living in China and focusing on improving education and coordination amongst valuation professionals and VPO’s. He is a Senior Member of the American Society of Appraisers, Member of the Royal Institution of Chartered Surveyors, and has testified in United States Bankruptcy Court. Prior to his current position with MG Valuation, he was a Senior Vice President and Managing Director- Asia/Pacific with American Appraisal, and served with PricewaterhouseCoopers.

Andrew Strickland

Chair Education Committee

Mr. Strickland is currently a Consultant with Scrutton Bland Chartered Accountants (UK). He holds a FCA (Fellow of the Institute of Chartered Accountants in England and Wales [“ICAEW”] and from Cambridge University, a Master of Arts History. Mr. Strickland is a member of the FCA and a member of the Valuation committee of the ICAEW, completed BV101 & BV102.

Mr. Strickland has had articles published in the UK magazine “Taxation” on tax and valuation matters, including article on the control premium in UK valuation; article in Business Valuation Update (USA) on the bid premium and its misuse for determining minority discounts (with Bob Dohmeyer); and is a regular contributor to the newsletter issued by the valuation committee of the ICAEW to its members. He has also held presentations at the annual valuation conference of the ICAEW on the control premium, on IPCPL and on case study of valuation of a private company. Mr. Strickland has been a contributing member of the Education Committee of IIBV and is now the current Chair of the Education Committee.

Soltan Aljorais


Soltan Jorais Aljorais is the Secretary General of the Saudi Authority for Accredited Valuers (Taqeem), a government regulator for valuation profession in Saudi Arabia, where it concerns organizing and developing the valuation profession according to international valuation standards.

Mr. Aljorais has over 22 years of extensive experience that covers many areas in both private & government sectors.

He participated in creating the implementing regulations in real estate & business valuations for Saudi Arabia. In addition, he worked with IVSC to translate & publish the International valuation standards in Arabic language to serve the 22 Arabic speaking countries. Mr.Aljorais holds a Bachelor degree in computer engineering from King Saud University and a Master degree in Business Administration from University of Leicester.

David Foster

CEO Business Valuation Resources

David L. Foster is the CEO of Business Valuation Resources (Portland, OR), an information-industry company he acquired in October 2005. BVR has the leading database of private company financials and sale prices, and is the premier provider of education and research for the business valuation and related professions. Prior to BVR, Foster was the founder and president of IOMA (New York, NY), the specialized management how-to publisher.

He has served on the boards of nine publishing companies in the past or currently, including publicly traded BNA (Washington DC), Kennedy Information (Peterborough, NH), Business Publishers Inc. (Silver Spring, MD), BNA International (London, UK), North American Publishing (Philadelphia, PA), Pike & Fischer (Silver Spring, MD), and FDA News (Arlington VA). Foster is a past president of the Specialized Information Publishers Association (SIPA), and served on its board from 1989-2001. He won SIPA’s highest honor, the Hall of Fame award for lifetime achievement, in 2000. He’s still active in SIIA/SIPA/ABM.

Stephen Kertzman


Chair Audit Committee

Stephen is a Director of the Business Valuation and Litigation Support Practice at BDO LLP at the Toronto Office. Prior to joining BDO, he was a Partner at one of Canada’s largest boutique firms specializing in business valuation. Stephen has over 15 years of specialized experience regarding the quantification of economic losses for cases involving class action suits, breach of commercial contracts, intellectual property and personal injury matters, and has appeared before the Superior Court Justice of Ontario (Canada) as an expert witness.Trained in the financial, accounting and legal fields, his detailed and comprehensive expert reports have benefited clients in complex litigation matters regarding loss quantification, business valuation and financial investigation issues.

Stephen is a member of the Education Committee of the Canadian Institute of Chartered Business Valuators (CICBV), has co-authored the Course Notes for the Litigation Accounting courses and the Law and Tax course offered by the CICBV. He was the Canadian Course Leader for the CICBV’s Litigation I and Litigation II courses whereby he was responsible for setting and marking exams and advising on curriculum content. Stephen has also authored various papers on the subject of damages quantification and made presentations regarding business valuation issues. He has prepared case study materials for the Advocates Society, University of Toronto Law School and many of Canada’s most prestigious law firms’ advocacy training programs.

William A. Hanlin, Jr.


William A. Hanlin, Jr., is the founder and managing partner of Hanlin Moss Yi, PS, a firm of certified public accountants and valuation analysts, with offices in Seattle and Xi’an, China. The firm provides general auditing, accounting, and tax services, as well as specialty services in connection with business planning, business valuations, estate planning, litigation support, and other non-traditional disciplines. Mr. Hanlin heads the Firm’s effort in the areas of valuation services and fraud/forensic accounting.

Mr. Hanlin is the current President & CEO of International Association of Certified Valuation Specialists (IACVS), a non-profit organization with the mission of promoting best practices and transfer of knowledge in the business valuation and fraud prevention field. He is a part-time professor and research fellow at the Chinese Central University of Finance of Economics. He is an honorary member and serves as an advisor to the Standards Committee of China Appraisal Society under the leadership of China Ministry of Finance. He has been invited as keynote speakers for various professional forums in the USA, China, Germany, Ghana, Korea, France, Thailand, Malaysia, Singapore, Philippine, Indonesia, and Brazil etc.

Michael Badham


Ex-Officio & Executive Director of IIBV

Michael is a highly accomplished Senior Executive, C-Suite Officer, Entrepreneur, Consultant, and Board Member with over 30 years of success across professional education, finance, steel, IT staffing, multi-media, entertainment, utilities, nuclear energy, aerospace, trucking, logistics, and online education.

Leveraging extensive experience in business valuations, corporate finance, angel investing, startups, and entrepreneurship, he is a valuable asset for active growth companies looking for leadership, rapid growth, change management, and fundraising. His broad areas of expertise include leadership; strategic planning; corporate financial management; forecasting; due diligence; audit reporting; M&A integration; restructuring; business and equity valuation; training; and e-learning.

He is a systematic problem solver, understanding stakeholder objectives, risks and opportunities. A natural team leader, he adds value to his clients through ensuring that detailed insightful analysis of issues is communicated in a clear and compelling manner.

He is the Executive Director of the International Institute of Business Valuers, Managing Director of the Georgian Angel Network, a founding partner, owner and Chair of the Board of Directors of Hardwood Ski and Bike Inc., and part-time lecturer at Georgian College.

Liying Han

PhD Economics, Fellow CPV

Ms. Liying Han is the Vice Secretary General of China Appraisal Society (CAS). She also serves as the Deputy Director of Valuation Standards Technical Committee and Member of Disciplinary Committee of CAS. She has over 20 years of valuation profession management experience. Prior to joining CAS, Ms. Han worked at the Valuation Center of the then National State-owned Assets Administration Bureau. After joining CAS, in order to know the general picture, she rotated among Exams and Training Department, General Affairs Department, Registration and Regulatory Department and Standards Department. 
Ms. Han has participated in the setting of multiple Chinese Valuation Standards and professional self-disciplinary regulations, published many professional papers, and involved in the writing and editing of several books in valuation. She has also organized the national annual self-inspection of valuation practices for several times. In 2012, Ms. Han was invited to be a Member of Advisory Board of IPTI.

Hu Zhi

Public Valuer, CPA, MBA, President and Chief Valuer, CAS

Mr. Hu is now serving as Council Member of China Appraisal Society (CAS), Director of Professional Judgement Committee of CAS, Vice Director of Standards and Technical Committee of CAS, Member of Intangible Assets Valuation Committee of CAS, Member of National Brand Valuation Professional Standardization Techniques Commission, and Vice Director of Continuing Education Committee of Beijing Appraisal Society.
Mr. Hu’s expertise is on financial analysis, business valuation and intangible assets valuation. He has 21 years of working experience in the field of valuation, accounting and auditing during which he has been engaged in the management, auditing and valuation works in enterprises, accounting firms and valuation firms.
Mr. Hu is a major contributor to the establishment of Chinese Valuation Standards and has played an important role in setting national standards on Chinese brand evaluation and researching and drafting international standards in this field.

Vesna Stefanović


Vesna is a Managing Partner at Vision Consulting Belgrade-Serbia, focusing on the business and asset valuation for international and regional companies. She has 22 years of experience working with PwC and the largest local consulting company, managing the various advisory and privatization projects. During her engagement in PwC she was leading the valuation & strategy team in Balkan countries and specialized in the various types of valuation for financial reporting purposes.

Vesna holds a Msci Degree in Economics, she is an Accredited Senior Appraiser in Business Valuation (American Society of Appraisers) since 2006, an Accredited Recognized European Valuer in Real Estate (TEGoVA), the Chairman of the Managerial Board of NAVS (National Association of Valuers of Serbia) and Associate Certified Coach (ICF-ACC).

Dana Ababei

MAA, REV, MRICS, CEO of CMF CONSULTING S.A., President and Chairman, ANEVAR, 2018-2019

Dana Ababei is an authorized investment consultant and is the CEO of CMF CONSULTING S.A. with over 20 years of experience in business, intangible assets, real estate and personal property valuation and also holds the qualification of “Valuation Reviewer”.

Dana is the President and Chairman of the Board, and has been a member since 1997 of the National Association of Romanian Authorized Valuers – ANEVAR which includes more than 4100 individuals and 540 companies. The authorized valuer, members of ANEVAR mainly perform the following activities: business valuation, real estate valuation, movable assets valuation, valuation of shares and other financial instruments, valuation of goodwill and other intangible assets and review of valuation reports.

Dana is a Recognized European Valuer – REV and a member in the European Valuation of Practice and Methodology Board of TEGoVA – The European Group of Valuers Association, and is also a member of RICS – Royal Institution of Chartered Surveyors.

Nancy Czaplinski


Nancy is a Managing Director, in the Valuation Advisory Practice of Duff & Phelps LLC. Nancy’s experience includes valuations of businesses, intangible asset and various liabilities, for both private and public companies in numerous industries and for various purposes including tax and financial reporting. She has testimonial experience including US Tax Court, Federal District Court and the Court of Chancery with the State of Delaware, among others.

Nancy is currently a member-at-large of the Business Valuation Committee of the American Society of Appraisers (ASA) and a member of the Business Valuation Resource Panel of The Appraisal Foundation. She is active in a number of workstreams and panels related to the CEIV credential.

Nancy holds a Certified Public Accountant license (CPA), is an Accredited Business Valuer (ABV) and a Chartered Global Management Accountant (CGMA) with the AICPA, is an Accredited Senior Appraiser with the ASA and holds a Chartered Financial Analyst (CFA) designation with the CFA Institute

Carlos Cardoso


Retired KPMG partner Founder and managing partner of Century Consulting, which merged with KPMG in 2010. Mr. Cardoso has years of experience in valuations of tangible and intangible assets, handling due diligence and supporting services in engineering and environmental assets. Mr. Cardoso has a Master in Business Administration specializing in Finance, Business and Intangibles Valuation. He is a Certified Administration Board member by IBGC. As an advocate for standardized business valuation practices, Mr. Cardoso is also a Member of The ARM Committee of the American Society of Appraisers, Brazil Liason Director, and a Member of the Board of the International Institute of Business Valuers (IIBV). His practice specialized in valuation of hard assets, intangible assets, business valuations, business finance and family business counseling.

Marketing Committee

Committee Chair, Ray Moran, Moran Global Valuation LLC
United States

Soltan Aljorais, Taqeem
Saudi Arabia

Angela Sadang, Marks Paneth’s Financial Advisory Services
United States

John Hawthorne, Investment Analysts Network
United States

Karin Lusnic, KLBV

Mike Thornton, Grant Thornton
United Kingdom

Jelena Ilic, NAVS,

Vesna Stefanovic, NAVS

Carlos Cardoso

Peter Ott, Peter Ott & Associates Toronto

Michael Badham, IIBV

Education Committee

Committee Chair, Andrew Strickland, Scrutton Bland
United Kingdom

Sergio Almeida, Ernst & Young

Michael Badham, IIBV

Tony Banks, Marcum Accountants & Advisors
United States

John Hawthorne, Investment Analysts Network
United States

Anton Lezhja, Deloitte

Peter Ott, Peter Ott & Associates

Richard Ginsberg, Partner Deloitte

Trey Stevens, Stevens & Greer, LC
United States

John Barton, Brandywine Valuation Consultants, LLC
United States

Raymond Rath, Globalview Advisors
United States

Jeffrey Tarbell
United States

Khalid Bhajatt
Saudi Arabia

Wang Yiwei

Abdullah Al-Ajaji
Saudi Arabia

Richard Davies

Richard Rogers
United States