Kai Nargolwala

Non-executive Chairman

Kai Nargolwala is the Chairman of Clifford Capital. He is also a non-executive Director of UK-based Prudential plc, PSA International Pte Ltd, and Credit Suisse Group AG respectively. He is the non-executive Chairman of Prudential Corporation Asia Limited and the Chairman of the Governing Board of the Duke-NUS Graduate Medical School of Singapore. He also serves on the Board of the Casino Regulatory Authority of Singapore. Mr Nargolwala’s career spanned several decades in the financial services industry in the UK, USA and Asia. At various times over the last twenty years he has helmed the Asian businesses of Bank of America, Standard Chartered and Credit Suisse. Mr Nargolwala retired from executive roles at the end of 2011. He previously served on the Boards of Singapore Telecommunications Ltd, Credit Suisse’s Executive Board, Tate and Lyle and Visa International’s Asia Pacific Advisory Board. Mr Nargolwala is a Fellow of the Institute of Chartered Accountants in England and Wales, earned his Honours degree in Economics from the University of Delhi and is a Singaporean citizen.


Gan Chee Yen

Non-executive Director

Gan Chee Yen is the Chief Executive Officer of Fullerton Financial Holdings Pte Ltd. Prior to his current appointment, Mr Gan was Co-Chief Investment Officer and Senior Managing Director, Special Projects at Temasek International. He joined Temasek in May 2003 as Chief Financial Officer and has since served in various investments roles as a member of the senior management team in Temasek. The investment clusters he has led included the Financial Industry portfolio and the Transportation and Logistics portfolio, before he took on the role of co-Chief Investment Officer of Temasek where he anchored several successful investments. He has also recently completed his stint as Head of China Market. Mr Gan has served on the boards of several companies including Neptune Orient Line, a global shipping company and has been a board member of Fullerton Financial Holdings Pte Ltd and a board commissioner of Bank Danamon since 2003. He is a member of the Institute of Singapore Chartered Accountants and received his Bachelor of Accountancy from the National University of Singapore. He has also attended Harvard’s Program for Management Development in September 2001.


Loh Khum Yean

Non-executive Director

Loh Khum Yean is the Permanent Secretary of the Ministry of Trade and Industry (“MTI”) for Singapore. He is responsible for policies and programmes of MTI and its Statutory Boards (including EDB, International Enterprise Singapore and SPRING Singapore) which aim to develop Singapore into a leading global city of enterprise and talent, a vibrant nation of innovation and opportunity. Mr Loh has had an extensive career within the Singapore Public Service with various postings across several Ministries. Prior to his current appointment, he was the Permanent Secretary of the Singapore Ministry of Manpower. During previous stints in MTI, he has held the positions of Director, Research & Planning; Chief Executive, SPRING; and Deputy Secretary (Industry), where he oversaw the economic development portfolio. He holds a Bachelor of Economics from Hitotsubashi University Japan and a Master’s Degree in Public Administration from Harvard University, USA.


Dr. Andy So

Non-executive Director

Dr. Andy So is the Managing Director and Head of Treasury & Liquidity Management of DBS Bank Ltd (“DBS”), responsible for the management of liquid asset portfolios, funding and liquidity across locations of DBS Group. Prior to this appointment in October 2009, Andy was the Head of Risk Management Group for North Asia, overseeing the management of market and operational risks for DBS’ business operations in Mainland China, Hong Kong, Taiwan, Japan and South Korea. He also served as Alternate Chief Executive of DBS Bank (Hong Kong) Limited and as an non-executive Director of DBS Bank (China) Limited and DBS (China) Investment Co, Ltd respectively. He has extensive experience in treasury and markets, risk management and product control, in the Asia region. Prior to joining DBS, he had held various senior regional positions with major international banks, including Citibank, Deutsche Bank and UBS. Andy received his PhD and MSc in Operations Research from Cornell University in the USA. He also holds a Master’s degree and a Bachelor degree in Mathematics from the Chinese University of Hong Kong.


Lim Cheng Teck

Non-executive Director

Lim Cheng Teck is currently Senior Advisor, Standard Chartered Bank and President Commissioner of PT Bank Permata. He was Vice Chairman ASEAN, from Oct 2015, Regional Chief Executive ASEAN from 2014 to Oct 2015, Chief Executive Officer of Standard Chartered (China) Ltd from Oct 2009 to Apr 2014, Chief Executive, Standard Chartered Singapore, from 2006 to Sep 2009. He currently serves on the Advisory Board of the Sim Kee Boon Institute of Financial Economics (Singapore Management University) and the Board of the Special Needs Trust Company Limited, and is the Chairman of Bright Vision Hospital in Singapore. He is also a Council Member of the Singapore Institute of Banking & Finance and a member of MAS’ Financial Centre Advisory Panel and the Financial Sector Tripartite Committee. Mr Lim has an MBA from Brunel University, United Kingdom and a Bachelor of Arts degree from the National University of Singapore.


Amy Lee

Non-executive Director

Amy Lee is a Consultant at Tan Kok Quan Partnership and a non-executive Director of Infraco Asia Development Pte Ltd. She was formerly the Chief Executive Officer and Director at Stewart Asia Investment Singapore Pte Ltd. Prior to joining Steward Asia Investment Pte Ltd, she was the Chief Executive Officer of Hogan Lovells’ Singapore office. She has a wealth of experience advising on projects, infrastructure developments and government advisory matters in Singapore and across Asia. Her key advisory projects include advising the Singapore Sports Council on the redevelopment of Singapore’s National Stadium on a public and private partnership (“PPP”) basis, advising the Singapore Ministry of Environment in the reform of the Singapore waste incineration market. Her experience includes providing legal and regulatory advice, drafting of relevant legislation, licences and codes as well as advising on the establishment of an independent regulator, advising Asian Development Bank on the legislative and regulatory framework for the implementation of PPP projects in Thailand, advising GIC Special Investments on its €1 billion investment in Sintonia, the Benetton family’s infrastructure holding company. Ms Lee received her Bachelor of Laws (Hons) from the National University of Singapore in 1982.


Rajeev Kannan

Non-executive Director

Rajeev Kannan has recently been appointed as Director and General Manager, Head of Investment Banking Asia at Sumitomo Mitsui Banking Corporation (“SMBC”), to be based in Singapore, responsible. The team covers various investment banking products including Project & Infrastructure Finance, M&A and Sponsor Finance, Asset Finance, Securitization and distribution activities. Prior to moving back to Singapore, he was Director/General Manager of Structured Finance based in Tokyo for 4 years with responsibility for structured and project finance in Japan and globally for Japanese clients. He was the first non-Japanese Director/General Manager to be based in SMBC's Tokyo headquarters. Rajeev joined Sumitomo Bank in 1997 in Singapore and has over 22 years of infrastructure project finance experience in the financial services industry globally. Prior to joining SMBC, he started his career and worked at ICICI Bank in Mumbai for around 3 years after graduating from the Birla Institute of Technology & Science (BITS), Pilani in India with a Master's degree in Management and Engineering. He also sits on the Board of Commissioners of PT Indonesia Infrastructure Finance and Investment Committee of Core India Infrastructure Fund., a fund set-up jointly with Kotak Mahindra Bank and Brookfields of Canada.


Shirish Apte

Non-executive Director

Shirish Apte is the non-executive Chairman of Pierfront Capital Mezzanine Fund Pte Ltd. He is also a nonexecutive Director of Bank Handlowy (Poland), Citibank Japan Ltd, Crompton Greaves Ltd, Commonwealth Bank of Australia, IHH Healthcare Berhad, AIG Asia Pacific, Parkway Hospitals Singapore and Acibadem Hospital Group (Turkey) respectively. Mr. Apte spent over 32 years with Citibank across several countries and geographies. He was Chairman of Citibank Asia Pacific Banking from 2012 to January 2014 before retiring from Citi. Prior to that, he was regional CEO for Citibank businesses in the Central/Eastern Europe, Middle East & Africa, and co-CEO for Citi Asia Pacific. Mr Apte is also a Council Member of the Singapore Institute of Banking & Finance. He has a Bachelor of Commerce degree from Calcutta University, and a Master of Business Administration degree from London Business School. He also qualified as a Chartered Accountant from the Institute of Chartered Accountants England and Wales.


Clive Kerner

Chief Executive Officer

Clive Kerner has been Chief Executive Officer of Clifford Capital since its inception in 2012. He has 30 years of emerging markets finance experience and a proven track record as a CEO of start-up financial institutions. Before joining Clifford Capital, he was CEO of Linq Asia Capital AG, a finance company focused on high yield and mezzanine credit investing in South East Asia. Prior to this, he worked in a prominent Asian family office in Singapore and Jakarta. He previously spent 20 years in investment banking with Dresdner Kleinwort Wasserstein (“DrKW”), with a focus on project and structured finance in the power, utilities, infrastructure and resources sectors, primarily in Asia, where he was based in Singapore with other postings in Kuala Lumpur and London. He was latterly Head of DrKW’s Asian Utilities and Infrastructure business in Singapore. Mr Kerner is also a non-executive Director of Singapore LNG Corporation Pte. Ltd., Changi Airports International Pte. Ltd., Pierfront Capital Fund Management Pte. Ltd. and Pierfront Capital Mezzanine Fund Pte. Ltd respectively. He holds an MBA from the Cass Business School in London and a BA in Economics from the University of Sheffield.