Board of Directors

  • Shirish Apte
    Non-Executive Chairman
    Non-Executive Director, Clifford Capital Holdings

    Shirish is the Non-executive Chairman of Pierfront Capital Mezzanine Fund Pte. Ltd., Pierfront Capital Fund Management Pte. Ltd. and Fullerton India Credit Company Limited. He is also a Non-executive Director of Bank Handlowy (Poland), Commonwealth Bank of Australia, IHH Healthcare Berhad, Acibadem Hospital Group (Turkey), Fortis Healthcare Limited and Keppel Infrastructure Holdings.

    He spent over 32 years with Citibank across several countries and geographies, most recently Chairman of Citibank Asia Pacific Banking prior to retirement. Before that, he was regional CEO for Citibank businesses in the Central/Eastern Europe, Middle East & Africa, and co-CEO for Citi Asia Pacific.

    He has a Bachelor of Commerce degree from Calcutta University, and a Master of Business Administration degree from London Business School and qualified as a Chartered Accountant from the Institute of Chartered Accountants England and Wales.

  • Clive Kerner
    Group Chief Executive Officer &
    Executive Director

    Clive joined Clifford Capital at its inception in 2012 and has led its successful growth as well as the development of two new businesses, Pierfront Capital and Bayfront Infrastructure Management, both of which are now housed in Clifford Capital Holdings (CCH). As Group CEO Clive is responsible for the overall performance of CCH and its strategic direction.

    He has 35 years of emerging markets finance experience as a CEO and in investment banking. Before joining Clifford Capital, he was CEO of Linq Asia Capital AG, a private credit business focused on South East Asia. He previously spent 20 years with Kleinwort Benson and its successor entities, holding senior positions in advisory and financing divisions covering the utilities, infrastructure and resources sectors, based in Singapore, London and Kuala Lumpur.

    He is also a Non-Executive Director of Changi Airports International and was a Non-Executive Director of Singapore LNG Corporation between 2013 and 2019.

    Clive holds an MBA from the Cass Business School in London and a BA in Economics from the University of Sheffield.

  • Rajeev Kannan
    Non-Executive Director
    Head of Investment Banking Asia, SMBC

    Rajeev is the Managing Executive Officer of Sumitomo Mitsui Banking Corporation (SMBC) and Deputy Head of Asia Pacific Division. Prior to his current role, Rajeev was Executive Officer and Head of Investment Banking, Asia Pacific where he was directly responsible for the various wholesale and investment banking products since April 2016. Rajeev was also based in Tokyo for four years between 2012-2016 as Executive Officer responsible for Global Structured Finance.

    Rajeev has over 26 years of investment banking, emerging market investing and energy & infrastructure sector experience globally. Rajeev also sits on the Board of Commissioners of PT Indonesia Infrastructure Finance.

    Rajeev graduated from Birla Institute of Technology & Science (BITS), Pilani in India with a master’s degree in management and engineering. Rajeev was conferred the Institute of Banking and Finance (IBF) Distinguished Fellow Award in 2019.

  • Christina Tan
    Non-Executive Director
    CEO, Keppel Capital

    Christina is the CEO of Keppel Capital, Chairman of Keppel DC REIT Management and Deputy Chairman of Alpha Investment Partners Limited. She has over 20 years of expertise in investing and fund management across the U.S., Europe and Asia.

    Prior to Keppel Capital, she served as the Chief Financial Officer of GRA (Singapore) Private Limited, the Asian real estate fund management arm of Prudential Insurance Company of America. She was also previously the Treasury Manager with Chartered Industries of Singapore, managing the group’s cash positions and investments. She started her career with Ernst & Young before joining the Government of Singapore Investment Corporation.

    Christina holds a Bachelor of Accountancy (Honours) from the National University of Singapore and is a CFA® charterholder.

  • Bridget Lee
    Non-Executive Director
    CEO, Keppel Capital Alternative Asset

    Bridget helps to spearhead Keppel Capital’s efforts in the investment of new platforms and initiatives. She has over 20 years’ experience in investment, corporate finance and M&A with various financial institutions in Asia and the U.S. Her transaction track record ranges from private equity, joint ventures, capital market transactions, listed companies’ M&A to private funds and real assets investments.

    Prior to joining Keppel Capital, she was with Mapletree Investments as a Senior Vice President (Investments) overseeing the China market from 2012 to 2017. Previously, she spent over seven years with Temasek covering several investment groups including the Real Estate and Financial Institutions sectors.

    Bridget graduated with a Master of Management in Finance & Marketing from the JL Kellogg Graduate School of Management, Northwestern University and a Bachelor of Accountancy from Nanyang Technological University.

  • Stéphane Delatte
    Executive Director
    CEO and CIO, Pierfront Capital

    Stephane is the CEO and CIO of Pierfront Capital and provides the strategic leadership and vision for the company. He has been with Pierfront since its inception in 2016 and He is directly responsible for the day to day running of the firm. He has over 25 years of experience in private credit, private equity and project financing, including over 20 years of experience in Asia.

    Prior to Pierfront Capital, he served as Managing Director in Asia for CLSA Capital Partners for 12 years where he was in charge of Private Credit investments. He also previously served as Vice President for Dresdner Kleinwort Capital, Vice-President of the Asian Mezzanine Infrastructure Fund, and prior to that as Vice-President in the project finance division of Credit Lyonnais.

    Stéphane holds a BSc in Corporate Finance from Kedge Business School and a Master’s in Financial Engineering from Lyon Business School.


Leadership Team

  • Stéphane Delatte
    Chief Executive Officer and
    Chief Investment Officer

    Stephane is the CEO and CIO of Pierfront Capital and provides the strategic leadership and vision for the company. He has been with Pierfront since its inception in 2016 and is directly responsible for the day to day running of the firm. He has over 25 years of experience in private credit, private equity and project financing, including over 20 years of experience in Asia.

    Prior to Pierfront Capital, he served as Managing Director in Asia for CLSA Capital Partners for 12 years where he was in charge of Private Credit investments. He also previously served as Vice President for Dresdner Kleinwort Capital, Vice-President of the Asian Mezzanine Infrastructure Fund, and prior to that as Vice-President in the project finance division of Credit Lyonnais.

    Stéphane holds a BSc in Corporate Finance from Kedge Business School and a Master’s in Financial Engineering from Lyon Business School.

  • Wayne Palmer
    Chief Operating Officer and Head of Strategy

    Wayne is responsible for overseeing all aspects of the effective management of operational processes and infrastructure required to support Pierfront’s growth, including operations, risk, legal and compliance, regulatory, and planning.

    Wayne has over 20 years’ experience in law and asset management platform operations and strategy, including 16 years in Asia-Pacific. Prior to joining Pierfront in 2020, Wayne spent ten years at CLSA’s asset management division, initially as Head of Legal and then as Chief Operating Officer where he oversaw all operational aspects of CLSA’s private equity, real estate, credit, real asset and hedge fund businesses. He was also previously a senior lawyer at Clifford Chance advising a range of global and regional private equity houses and banks on their transactional activities.

    Wayne holds a LL.B (Hons) in Law and a post-graduate diploma in legal practice granted by The College of Law, York. He is currently a board member of the Singapore Venture Capital and Private Equity Association and has also served as chair of its Advocacy sub-committee.

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  • Wei Teck Chua
    Managing Director

    Wei Teck joined Pierfront Capital in 2016 and is responsible for the origination, structuring, negotiating and monitoring of transactions at the firm. He has over 15 years of experience in debt financing, with a focus in originating high-yield, mezzanine, structured and private credit transactions.

    Prior to Pierfront Capital, he served as an Executive Director in Swissco Holdings, an offshore marine company listed on the SGX. He also worked in the structured finance teams of major financial institutions in Hong Kong, London and Singapore, including Standard Chartered, Rothschild & Co., and UBS.

    Wei Teck holds a Master’s in Accounting & Finance from the London School of Economics and Political Science.

  • Andrew Starkey
    Managing Director

    Andrew joined Pierfront Capital in 2016 and is actively involved in the origination, structuring, negotiating and monitoring of transactions at the firm. He has over 20 years of experience in the Asia-Pacific natural resources, infrastructure and related sectors.

    He has extensive experience in project finance, investment banking and principal investment roles at Macquarie Group and Goldman Sachs. He previously served as an Executive Director and Principal at Presidio Capital, an investment company focused on natural resources and infrastructure investments.

    Andrew holds a Masters in Finance from INSEAD, a Bachelor of Commerce (Accounting & Finance) and a Bachelor of Arts (Indonesian) from the University of Melbourne. He is a Chartered Accountant and is a CFA® charterholder.

  • Akihito (Aki) Watanabe
    Managing Director

    Aki joined Pierfront Capital in 2019 and is actively involved in the origination, structuring, negotiating and monitoring of transactions at the firm, with a core focus on real estate. He has over 15 years of experience in the Asia-Pacific real estate sector, including deal origination, investments and financings throughout the capital structure.

    Prior to Pierfront Capital, he served for ten years as a Managing Director focusing on Asia real estate investments for Varde Partners, a global credit investment fund. He was previously with Lehman Brothers in the Global Real Estate Group focusing on the provision of corporate advisory services to real estate related companies and real estate secured debt investments.

    Aki holds a Master’s in International Affairs from Columbia University SIPA with a concentration in International Finance and Business, and a BSc. In Mechanical Engineering from Johns Hopkins University.

  • Brandon Aw
    Vice President

    Brandon joined Pierfront Capital in 2019 and is responsible for the origination, structuring, negotiating and monitoring of transactions at the firm. He has more than eight years of structured and project finance experience in the Asia-Pacific infrastructure, energy and natural resource sectors.

    Prior to Pierfront Capital, he worked in the structured finance, project finance and investment banking teams of major financial institutions, including HSBC, Mizuho, Royal Bank of Canada and Rothschild & Co.

    Brandon holds a Bachelor of Accountancy and a Bachelor of Business Management (Finance Major) from the Singapore Management University.

  • Qianru Yang
    Senior Vice President

    Qianru joined Pierfront Capital in 2020 and is actively involved in fund raising, deal origination, structuring and monitoring of transactions for the firm. She has over 12 years of experience in the Asia-Pacific real estate sector.

    Prior to Pierfront Capital, Qianru spent ten years with Keppel Capital in a range of roles including investments, asset & portfolio management, fund raising and business development. She spent eight years originating, executing and managing investments for Alpha Investment Partners’ Asia-Pacific focused private equity real estate funds, and most recently in sourcing new business opportunities (including joint ventures and M&A) for Keppel Capital Alternative Asset. Qianru previously worked in Macquarie Capital’s real estate investment banking division in Singapore. She started her career as a lawyer in one of Singapore’s top law firms, Allen & Gledhill LLP.

    Qianru holds a Bachelor of Laws (Honours) from the London School of Economics and Political Science.

  • Andrea Choo
    Associate Director (Finance)

    Andrea is primarily responsible for the accounting, taxation, financial statements and other finance related matters of the firm. She has over 10 years of commercial experience in finance functions, including financial and management reporting, cash planning, tax and internal control processes.

    Prior to joining Pierfront and Clifford Capital, she has held finance roles at Clearwater Capital Partners, L Capital Asia and KPMG, where she covered a range of sectors, from focused credit and special situations to those catering to the large and fast-growing aspirational consumer segment.

    Andrea holds a Bachelor of Accountancy from the Singapore Management University. She is a Chartered Accountant and a CAIA Charterholder.