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 Kleinwort Benson and its successor entities, with a focus on project and structured finance in the power, utilities, infrastructure and resources sectors, primarily in Asia. He was based in Singapore with other postings in Kuala Lumpur and London. He was latterly Head of the Asian Utilities and Infrastructure business in Singapore.
Mr Kerner is also a non-executive Director of Changi Airports International Pte. Ltd., Pierfront Capital Fund Management Pte. Ltd. and Pierfront Capital Mezzanine Fund Pte. Ltd respectively. He was formerly a non-executive Director of Singapore LNG Corporation Pte. Ltd. from 2013 – 2019.
He holds an MBA from the Cass Business School in London and a BA in Economics from the University of Sheffield.
- Strategic leadership and vision
- CEO of Clifford Capital since inception in 2012
- 30 years of emerging markets finance experience including 20 years in investment banking with Kleinwort Benson and its successor entities, mainly based in Asia Pacific
Head of Origination and Structuring
Audra Low is a founding member of the Clifford Capital management team, with overall responsibility for client coverage and transaction execution.
Since joining Clifford Capital in 2012, Ms Low has overseen the successful completion of over US$1.5 billion of financing across the infrastructure, offshore marine and shipping sectors globally.
Prior to that, she spent 12 years in project finance with HSBC, playing a key role in the origination and financing of numerous award-winning projects in South East Asia, both as financial advisor and lead arranger.
She brings with her a wealth of experience of working with Singapore-based companies on infrastructure projects both locally and overseas.
Ms Low has an MBA from New York University Stern School of Business and a Bachelor of Accountancy from Nanyang Technological University.
- Executive leadership in client coverage and origination efforts
- 12 years as Director of Project Finance at HSBC
- Played a key role in originating and structuring award-winning landmark projects in the Asia-Pacific region
Chief Risk Officer
Richard Desai is the Chief Risk Officer of Clifford Capital. Prior to joining in November 2012, he was an Executive Director at JPMorgan's Credit Risk Management group in Hong Kong. His 22-year career at JPMorgan covered various areas in the investment bank with the last 12 years within the Credit Risk Management group. He has had extensive exposure across multiple industries throughout the Asia Pacific region, with a particular focus on structured financings (including project and leveraged/acquisition finance), debt restructurings (both from an advisory and workout perspective) and principal investment (including mezzanine financing and equity investments). A Canadian and British national, Mr Desai holds a Bachelor's degree in Economics from the University of California, Berkeley.
- Executive leadership in credit and risk management
- 22 years with JP Morgan: 12 years in credit risk, 10 years in front office
- Extensive structured financing and credit experience in the Asia Pacific region
Chief Financial Officer
Adrian Teng joined Clifford Capital in August 2019 as the Chief Financial Officer. He has 25 years of diverse international, financial, and operational experience across developed and emerging markets.
Before joining Clifford Capital, Adrian spent 9 years with Jardine Matheson as the Group Finance Director of Jardine Cycle & Carriage Limited in Singapore and Group Treasurer of Jardine Matheson Limited in Hong Kong.
Prior to Jardine, Adrian spent a number of years with Alvarez & Marsal, ABN AMRO, Citibank, and Merrill Lynch focusing on restructuring & turnaround situations, and private, corporate, & investment banking. He has lived and worked in Hong Kong, London, Shanghai, Tokyo, New York, and Chicago. He is currently a statutory audit committee member of the Singapore Institute of Directors.
Adrian holds a Master of Science in Public Policy and Management from the School of Oriental and African Studies, University of London, a Master of Business Administration from University of Illinois at Urbana-Champaign, and a Bachelor of Science from Creighton University. He also holds the Executive Diploma in Directorship, jointly issued by the Singapore Management University and Singapore Institute of Directors. In addition, he has earned professional qualifications from the Association of Corporate Treasurers and Association for Financial Professionals.
- Executive leadership in financial, strategy, treasury, and operational areas across diverse industries and geographies
- Deep experience in both growth and turnaround situations whilst building management capacity to achieve sustainable performance
- 25 years of experience in both developed and emerging markets across banks and corporates
Head of Corporate Strategy
Premod Thomas is the Chief Executive Officer of Bayfront Infrastructure Management Pte Ltd. Currently, he is also the Head of Corporate Strategy at parent company, Clifford Capital Pte Ltd, where he was responsible for the conceptualisation and execution of the inaugural Infrastructure Take-Out Facility by Bayfront Infrastructure Capital in July 2018, which was the first ever securitisation of project finance and infrastructure loans in Asia. He also led the corporate reorganisation of Clifford Capital which resulted in the formation of an apex holding structure with diversified underlying group businesses.
Prior to Clifford Capital, he spent a number of years with Bank of America, Standard Chartered Bank and the Temasek Group focusing on corporate finance, mergers and acquisitions and new businesses. He has lived and worked in India, Indonesia, UK, USA, Malaysia and Singapore.
Mr. Thomas is a member of the Singapore Institute of Directors and is an Independent Director and Member of the Audit and Risk Committee of Singapore-listed Mapletree Commercial Trust Ltd, Independent Director and Chairman of the Risk Oversight Committee of Fullerton India Credit Company Ltd, Independent Chairman of the Investment Committee of MGSA Private Trust and Independent Director of Gemstone Asset Holdings Pte Ltd, Singapore. He is additionally an Executive Director of Bayfront Infrastructure Management Pte Ltd and BIM Asset Management Pte Ltd.
He holds an MBA from the Indian Institute of Management, Ahmedabad and a Bachelor of Commerce from Loyola College, India.
- Executive leadership in large Asian Groups with a focus on corporate finance, mergers and acquisitions, new business development and governance
- Prior experience with Bank of America, Standard Chartered Bank and Temasek Holdings in Corporate and Private Banking and strategic Financial Institution investments