Board of Directors

  • Sanjiv Misra
    Non-executive Chairman

    Sanjiv is Chairman of the Asia Pacific Advisory Board for Apollo Global Management, a global private equity and alternative asset management firm, and President of Phoenix Advisers, a boutique advisory and principal investing firm. He also serves as a Non-executive Director of Partners Capital Investment Group LLP, Singapore Symphonia Company (Singapore Symphony Group) and BW Group Limited. Sanjiv has previously served on the Boards of listed and unlisted companies, including roles as an Independent and Non-executive Director of Olam Group Limited, a Non-executive Director of EDBI Pte Ltd, and Lead Independent Director of OUE Hospitality REIT Management and OUE Hospitality Trust Management.

    Sanjiv has extensive investment banking and management experience at Goldman Sachs and Citigroup. He held several senior positions at Citi; Head of Asia Pacific Investment Banking; Head of the Asia Pacific Corporate Bank; CEO of Citi’s Institutional businesses in Singapore and Brunei and Citi Country Officer in Singapore. He previously spent ten years at Goldman Sachs in New York, Hong Kong and Singapore.

    He holds a Bachelor of Arts Degree in Economics from St. Stephen’s College, Delhi University, a Post-Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad, and a Master of Management from the J.L. Kellogg Graduate School of Management at Northwestern University. He is a citizen of Singapore.

  • Patrick Lee
    Non-executive Director

    Patrick is Cluster Chief Executive Officer of Standard Chartered Bank for Singapore and ASEAN markets. Prior to that, he was Standard Chartered’s CEO Singapore and Head of Global Banking, Singapore; Managing Director, Head of South East Asia Investment Banking at Nomura; Head of Singapore/Malaysia Investment Banking at UBS and Executive Director, Investment Banking at Morgan Stanley.

    He has over 25 years of experience in the banking industry, including corporate and investment banking, product and sector coverage, and has held roles in Singapore, Hong Kong and London.

    Patrick graduated with BA / MA (First Class Honors) in English from Trinity College, Cambridge.

  • Teo Swee Lian
    Non-executive Director

    Swee Lian is the Chairman of CapitaLand Integrated Commercial Trust Management Limited, and a Non-executive and Independent Director of Singtel Group and HSBC Holdings plc.

    Swee Lian was Special Advisor in the Managing Director’s Office at the Monetary Authority of Singapore (MAS). Prior to that, she was the Deputy Managing Director of Financial Supervision, where she oversaw macroeconomic surveillance, regulation and supervision of the banking, insurance and capital markets industries in Singapore. During her time with MAS, she also worked in reserves management, development, external relations and strategic planning. Swee Lian was awarded the Public Administration Medal (Gold) (Bar) at the Singapore National Day Awards 2012.

    She holds a Bachelor of Science (First Class Honours) in Mathematics from Imperial College, London University and a Master of Science in Applied Statistics from Oxford University.

  • Lee Chuan Teck
    Non-executive Director

    Chuan Teck is the Executive Chairman of Enterprise Singapore, which is the government agency championing enterprise development. The agency works with committed companies to build capabilities, innovate and internationalise. It also supports the growth of Singapore as a hub for global trading and startups, and builds trust in Singapore’s products and services through quality and standards.

    Previously Enterprise Singapore’s Chief Executive Officer, Chuan Teck was appointed as Executive Chairman on 1 April 2024.

    Prior to this, he was Permanent Secretary (Development) of the Ministry of Trade and Industry from June 2018 to April 2023 where he was responsible for the development of Singapore-based enterprises, and oversaw the tourism and energy sectors, as well as competition and consumer protection issues. On the trade front, he focused on expanding economic connectivity and strengthening bilateral economic relationships with Southeast, South and Central Asia and Latin America.

    He started his public service career with the Monetary Authority of Singapore in 1992 covering various roles, including reserves investment, monetary policy and capital market regulation. In 2014, he was appointed Deputy Secretary (Land and Corporate) of the Ministry of Transport, where he led the restructuring of the public bus and rail sector and spearheaded the deployment of autonomous vehicles in Singapore.

    He also serves on the boards of the Economic Development Board, EDBI, National Research Foundation, Singapore Trade Data Exchange Services Pte Ltd, and Singapore Health Services Pte Ltd.

    He was conferred the Public Administration Medal (Gold) in 2021.

  • Elbert Pattijn
    Non-executive Director

    Elbert retired as the Chief Risk Officer of DBS Group Holdings in 2018, where he was responsible for the management of credit, market, liquidity and operational risks. Prior to this, he was Managing Director and Head of Specialised Corporate and Investment Banking, responsible for DBS’ corporate and investment banking activities.

    He has more than three decades of experience in the banking industry and has held progressively senior positions at Barclays Bank, ABN Amro and ING Group prior to joining DBS.

    Between 31 Jan 2012 and 17 Mar 2015, Elbert was DBS’ nominee Director to Clifford Capital and he was the Risk Committee Chairman between Dec 2012 and Mar 2015.

    A Dutch national, he holds a Master’s degree in Law from the University of Leiden in The Netherlands.

  • PARK Kyung-Ah
    Non-executive Director

    Kyung-Ah is the Managing Director of ESG Investment Management at Temasek, where she leads ESG integration across Temasek’s global investments and works closely with the investment teams to advance ESG related investments, partner with Temasek portfolio companies, and drive long-term sustainable value across the portfolio.

    Kyung-Ah has over two decades of experience in the investment banking industry, 14 years of which has been dedicated to building and leading the global environmental markets initiatives at Goldman Sachs and scaling financial solutions to address climate change. Most recently, she was a Managing Director and the head of Environmental Markets and Innovation in the Sustainable Finance Group at Goldman Sachs.  She also served as a member of the firm’s Sustainable Finance Steering Group and was the head of the Center for Environmental Markets. Prior to Goldman Sachs, she was a management consultant at McKinsey in Seoul, Korea and Johannesburg, South Africa.

    Kyung-Ah has an MBA from Harvard Business School and a BA from Yonsei University in Korea.  She serves on the Board of ClimateWorks Foundation and Resources for the Future.

  • Guy Harvey Samuel
    Non-executive Director

    Guy is currently a Board Member of Wing Tai Holdings Limited, Mapletree Industrial Trust Management Ltd and M1 Limited. He is also Chairman of Capella Hotel Group Pte Ltd.

    In the past he has also served on the Boards of Surbana Jurong Private Limited, JTC Corporation, The National Arts Council and the National Parks Board, and was the Chairman of the Board of Trustees of the National Youth Achievement Award Council and Vice Chairman of the Community Chest.

    Guy was formerly the non-executive Chairman of HSBC Bank (Singapore) Limited, following his retirement as Group General Manager, Chief Executive Officer of Singapore with The HSBC Group in 2017. He was also a member of HSBC Asia’s Executive Committee and had direct responsibility for all HSBC operations in Singapore. Prior to that, he was HSBC’s Group General Manager and Head of International Countries, Asia Pacific based in Hong Kong. He joined HSBC in 1978 and has worked in 12 different countries across the world, undertaking senior management roles in Australia, the United Kingdom, Hong Kong, Malaysia and Singapore.

    Guy is a Singapore Citizen and a Justice of the Peace. He is married with two adult sons.

  • Jackie B. Surtani
    Non-executive Director

    Jackie is the Regional Director for the Asian Development Bank’s Singapore Office.

    His last role within ADB prior to relocation to Singapore was Director of the Infrastructure Finance Division covering East Asia, Southeast Asia and the Pacific in the Private Sector Operations Department of the Asian Development Bank.

    Prior to re-joining ADB in 2017, Jackie was Regional Chief Risk Officer of the Asian commercial finance unit at Siemens Financial Services. He has also held several senior positions in Project Finance teams across Chase Manhattan Bank (now JP Morgan), Credit Suisse, and Head of KBC Bank’s Asian Project Finance business in Hong Kong, Singapore, and Sydney from inception for 14 years.

    Jackie has over 32 years of experience in Asian infrastructure lending and advisory. In particular, he has extensive experience in the South-East Asia power sector and has led several ground-breaking and innovative transactions that have been recognized by leading industry publications.

    Jackie graduated with a First Class Honours degree with a Bachelor of Science from the University of East Anglia and obtained his Master of Philosophy degree in Management Studies from the University of Oxford.

  • Yong Ying-I
    Non-executive Director

    Ying-I is Chairman of the Central Provident Fund Board and Senior Adviser (Smart Nation & Digital Economy – Research, Innovation, Enterprise) at Smart Nation Group, Ministry of Communications & Information (“MCI”). She chairs SG-Innovate, a Government-owned high-tech venture-building entity. She is also Deputy Chairman of the Singapore Symphony Group, and serves on the Boards of SingTel and its subsidiary, Nxera, and on National University Health System. She also chairs a NGO youth group, CyberYouth Sg.

    A career civil servant, Ying-I has held many leadership positions in the Singapore Public Service prior to her retirement in 2022. This included six Permanent Secretary appointments in three ministries (Manpower, Health, and Communications & Information) and in three departments in the Prime Minister’s Office (Public Service, National Research & Development, and Cybersecurity). She has also served as Principal Private Secretary to then-DPM Lee Hsien Loong, and chaired Government agencies such as Infocomm Development Authority*, Workforce Development Agency**, Ministry of Health Holdings, and Civil Service College.

    In her career, Ying-I has been closely involved in manpower policies and talent development, leadership and organisational transformation, development of Singapore’s science, technology, and innovation ecosystem, and our national infocomm and digital journey. In her current Senior Advisor role at MCI, she co-chairs several of International Advisory Panels in digital technologies, including AI Sg, Future Communications, and Cybersecurity.

    Ying-I holds a Master of Economics from the University of Cambridge and a Master of Business Administration from Harvard Graduate School of Business. She was awarded the Public Administration Medal (Silver) in 1997 and the Public Administration Medal (Gold) in 2005. 


    * Infocomm Development Authority was restructured to form Infocomm Media Development Authority, with GovTech spinning out.

    ** Workforce Development Agency was restructured into Skills Singapore and Workforce Singapore.

  • Luca Serafino Tonello
    Non-executive Director

    Luca is Managing Director of the Structured Finance Department of Sumitomo Mitsui Banking Corporation (SMBC) in Asia Pacific. He leads his team to provide one-stop financing solutions and advisory services to meet the complex needs of clients across multiple sectors, with a focus on energy, infrastructure and sustainability-related sectors.

    With more than 20 years of experience in infrastructure and energy finance, Luca has established himself as an industry thought leader in Asia Pacific and is often featured as a speaker at conferences focused on energy and infrastructure. He is Chairman of the Project Finance Committee, Asia Pacific Loan Market Association, and a board member of ASEEM Infrastructure Finance. He is also on the alliance board of Infrastructure Asia, a government initiative aimed at positioning Singapore as the infrastructure hub in ASEAN.

    Luca grew up near Turin in Italy, where he graduated in Mechanical Engineering with a major in energy. He holds a Master in Finance from the London Business School.

  • P. Murlidhar (Murli) Maiya
    Group Chief Executive Office and Executive Director

    Murli joined Clifford Capital Holdings (CCH) in 2023 as Group Chief Executive Officer (GCEO) and Executive Director. He is responsible for the overall performance and strategic direction of CCH and its various subsidiaries and affiliates.

    Murli has 30 years of experience in investment banking across product and industry groups. Prior to joining CCH, Murli worked within the investment bank at JPMorgan and its affiliates for nearly three decades in Hong Kong, Singapore and India. During his time at JPMorgan, he ran several regional businesses, including Asia Pacific (APAC) Investment Banking, APAC Equity Capital Markets, APAC Financial Institutions coverage and Asia ex-Japan Debt Capital Markets. He has also acted as JP Morgan’s regional CEO for South and Southeast Asia.

    Murli holds an MBA from the India Institute of Management (Kolkata) and a Bachelor of Engineering (Mechanical) from the National Institute of Technology in Karnataka, India.

Management Executive Committee

  • P. Murlidhar (Murli) Maiya
    Group Chief Executive Office and Executive Director

    Murli joined Clifford Capital Holdings (CCH) in 2023 as Group Chief Executive Officer (GCEO) and Executive Director. He is responsible for the overall performance and strategic direction of CCH and its various subsidiaries and affiliates.

    Murli has 30 years of experience in investment banking across product and industry groups. Prior to joining CCH, Murli worked within the investment bank at JPMorgan and its affiliates for nearly three decades in Hong Kong, Singapore and India. During his time at JPMorgan, he ran several regional businesses, including Asia Pacific (APAC) Investment Banking, APAC Equity Capital Markets, APAC Financial Institutions coverage and Asia ex-Japan Debt Capital Markets. He has also acted as JP Morgan’s regional CEO for South and Southeast Asia.

    Murli holds an MBA from the India Institute of Management (Kolkata) and a Bachelor of Engineering (Mechanical) from the National Institute of Technology in Karnataka, India.

  • Herman Wijaya
    Group Chief Financial Officer

    Herman Wijaya joined Clifford Capital Holdings (CCH) in 2023 as Group Chief Financial Officer. He is responsible for Finance, Treasury, Technology and Operations functions.

    Herman has more than two decades of finance leadership experience. He joined CCH from United Overseas Bank where he was Head of Financial Strategy. Prior to that, Herman was Standard Chartered Bank’s Chief Financial Officer for ASEAN and South Asia cluster markets, Head of Balance Sheet Management, and held various finance related leadership roles for the wholesale banking business covering capital and liquidity management, performance management and customer analytics. Herman started his career in General Electric’s finance management program in 2000 before moving through various roles in GE Energy in Singapore and China.

  • Florence Lee
    Group Chief Human Resources Officer

    Florence joined Clifford Capital Holdings in July 2022 and is overall responsible for leading the strategic people agenda and HR services of the Group.

    Florence has over 25 years of multi-industry HR experience, predominantly in the Banking industry. She had also spent several years as an Independent HR Consultant, during which she had advised corporate clients (including Clifford Capital Holdings) on HR Change and Process Transformation projects, facilitated Leadership interventions, and developed strategic HR frameworks.

    Prior to her transition onto HR Consultancy, Florence held country and regional HR leadership roles with Australia & New Zealand Banking Group, Standard Chartered Bank and Cisco Systems (USA) Pte Ltd. In these roles, Florence had built a strong track record in partnering with senior executives to deliver on their strategic people agendas, including operating model review, workforce planning and optimisation, business integration and divestment, sales force and incentive governance, and digital start-up proposition.

    Florence is a credible coach to senior leaders and global talents. She is a trained Strengths Finder facilitator and is certified in conducting individual and team interventions using Myers-Briggs Type Indicator (MBTI) and NeuroColors.

  • David Moffat
    Group General Counsel

    David joined Clifford Capital Holdings in November 2022 as Group General Counsel and has responsibility for leading the Legal, Compliance and Corporate Secretary functions of the Group. David has over 20 years of broad experience in advising on legal and regulatory matters across corporate and investment banking and financial markets, including over 16 years in the Asia Pacific region. David also has significant experience in leading transactions and managing major litigation and regulatory enforcement matters.

    David has previously held roles as APAC Head of Legal and Compliance at Natwest Markets and as APAC General Counsel at COFCO International, a global commodity trading business. Prior to that, David spent 9 years at Deutsche Bank in London and Singapore, providing legal support to the bank’s markets and financing divisions. He began his career at Clifford Chance, where he advised on a broad range of debt and project finance transactions in Europe and Asia.   David is a qualified solicitor in England and Wales and holds an LL.B (Hons) in Law from Leeds University and a post-graduate diploma in legal practice granted by The College of Law, York.

  • Richard Cox
    Group Chief Risk Officer

    Richard joined Clifford Capital Holdings as Group Chief Risk Officer in December 2022. He has 25 years of experience in risk management, covering financial and non-financial risk across a range of developed and emerging countries in Asia.

    A UK chartered accountant, Richard qualified with KPMG in London, and worked with KPMG in Taiwan, Indonesia and China. He later joined ING as Risk Manager for China, and subsequently moved to Singapore to work in regional roles as Head of Restructuring, Senior Credit Officer and Chief Risk Officer for Asia. During this time he served as a Director of ING Vysya Bank in India for eight years. Richard brings a wealth of experience across project and structured finance risk management, together with non-financial risk governance including environmental and social risk.

    Richard holds a Bachelor of Arts in English Literature from Oxford University and is a Fellow of the Institute of Chartered Accountants in England and Wales.

  • Audra Low
    Group Head of Client Coverage and Clifford Capital Pte. Ltd. (CCPL) Chief Executive Officer

    Audra is the Group Head of Client Coverage and the CEO of CCPL. Since joining Clifford Capital at its inception in 2012 as Head of Origination and Structuring, Audra had spearheaded the growth of the Clifford Capital franchise in the relevant project and asset finance markets across the sectors covered by the company.

    She brings with her a wealth of experience working with Singapore-based companies on infrastructure projects locally and overseas. Prior to Clifford Capital, 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.

    Audra has an MBA from New York University Stern School of Business and a Bachelor of Accountancy from Nanyang Technological University.

  • Nicholas Tan
    Group Head of Markets & Investor Services and Bayfront Infrastructure Management Chief Executive Officer

    Nicholas is the Group Head of Markets & Investor Services, Clifford Capital and the Chief Executive Officer and Executive Director of Bayfront. He was previously the Chief Operating Officer and Head of Structuring & Distribution of Bayfront, who was responsible for structuring and distribution activities, as well as operational oversight across a wide range of activities, including financial and management reporting, budgeting, liquidity management, stakeholders’ management, development and execution of strategic initiatives. Prior to that, he was a Senior Director in Corporate Strategy at Clifford Capital, where he led the structuring, execution and management of the inaugural project and infrastructure loans take-out facility and issuance by BIC I in July 2018, as well as the CCH Group reorganisation and capital raise.

    Before joining Clifford Capital in December 2016, he was with Bank of America Merrill Lynch, covering the energy, infrastructure, power and utilities sectors for the investment banking division, where he led in origination and execution of debt and equity capital markets and M&A transactions for South East Asia. He was previously in investment banking with Standard Chartered Bank, covering the Asia mining and metals sector.

    He holds a Bachelor of Accountancy and Bachelor of Business Management (Summa Cum Laude) from the Singapore Management University.

  • Lily Low
    Group Chief of Staff

    Lily joined Clifford Capital Holdings (CCH) in June 2023 as the Chief Operating Officer for CCH Management Services before transitioning to the role of Chief of Staff. She supports the Group CEO to drive Clifford Capital’s mission and objectives forward. Her responsibilities span across strategic planning, change management, operational efficiency, corporate communication and special projects.

    Lily has over two decades of experience in corporate & institutional banking and retail banking with Standard Chartered Bank, JP Morgan and Barclays Capital. Prior to joining CCH, Lily was the Chief Operating Officer of Tasconnect, a Standard Chartered Bank’s financial technology venture.

    Lily has a Bachelor of Arts (Hons) in Business Studies from the University of Sheffield and is a lean sigma black belt holder. She is also a certified information management professional (CIMP).