Transport Capital, the Singapore-based shipping and aviation investment management and financial advisory firm, has promoted Nicole Tan, its head of accounting, to chief financial officer.

She replaces Chee Tham Cheong, who is retiring after 17 years of working with the senior management team led by Philip Clausius.

Tan has worked with the same team for 16 years, first with the First Ship Lease Group and then Transport Capital, which Clausius formed in 2013.