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 Group LLC and Singapore Symphonia Company (Singapore Symphony Group). 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.

  • 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 CCH. As Group CEO, he 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 was previously a non-executive director of Changi Airports International (2015 - 2021) and a non-executive director of Singapore LNG Corporation (2013 - 2019).

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

  • Lee Chuan Teck
    Non-executive Director

    Chuan Teck is the Chief Executive Officer 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.

    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, Singapore Corporation Enterprise, Infrastructure Asia, 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.

  • Sarakorn (Bobby) Gerjarusak
    Non-executive Director

    Bobby is a visiting professor of international business at The University of Thai Chamber of Commerce.  He is currently on sabbatical at the Chinese University of Hong Kong, focusing on FinTech in Global Banking and Finance with special focus on DLT (blockchain), AI & machine learning, and cryptocurrency.

    He has over 30 years of banking experience within the most prominent financial institutions globally. Amongst other high-level responsibilities, he served as a managing director at Goldman Sachs and UBS where he headed the FX, Rate and Credit Structuring teams.

    He was a post-doctoral fellow at the Massachusetts Institute of Technology (MIT), where he acquired his Doctor of Philosophy (Ph.D.) and his Master of Science in Engineering. He also holds a Master of Science in Engineering from Yale University and a Bachelor of Science in Engineering and Applied Sciences (cum laude) from the University of Pennsylvania.

  • Nicholas Tan
    Chief Executive Officer and Executive Director

    Nicholas is 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.

Leadership Team

  • Nicholas Tan
    Chief Executive Officer and Executive Director

    Nicholas is 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.

  • Saumitra Shrivastava
    Head of Loan Acquisition

    Saumitra oversees the loan acquisitions activities for Bayfront Infrastructure Management. He has extensive experience in originating and structuring complex project finance transactions across multiple sectors.

    Prior to joining Bayfront Infrastructure Management, his previous stints were with multilateral organisation and global commercial banks including Asian Development Bank, BNP Paribas and Sumitomo Mitsui Banking Corporation. He has financed and advised on projects across various geographies including, Asia Pacific, Central Asia and European and Middle East regions.

    He holds a Bachelor’s and Master’s in Economics from University College London, United Kingdom.

  • David Leong
    Head of Risk

    David is the Head of Risk of Bayfront Infrastructure Management, responsible for the credit risk analysis and portfolio management activities. He was previously a Director in Risk at Clifford Capital, where he was responsible for monitoring and risk management of the project and infrastructure loans within Bayfront Infrastructure Capital Pte. Ltd. Prior to joining Clifford Capital in 2018, he was with PricewaterhouseCoopers, Mizuho Bank, United Overseas Bank and Bank of China across various roles in project finance, business recovery and forensic accounting. He holds a Bachelor of Accountancy from Nanyang Technological University.

  • Bryan Woon
    Head of Structuring & Distribution

    Bryan is the Head of Structuring and Distribution of Bayfront, responsible for structuring and distribution activities, where he has led the execution and management of the BIC II and BIC III IABS transactions. He was previously part of the Corporate Strategy team at Clifford Capital, where he was involved in the day to day management of the inaugural project and infrastructure loans take-out facility and issuance by BIC I in July 2018.

    Prior to joining Clifford Capital in 2018, he was with Citigroup in London and Singapore, primarily in debt capital markets where he led the origination, structuring and execution of numerous bond and regulatory capital transactions for financial institutions.

    He holds a Bachelor of Science in Industrial Economics from the University of Warwick, United Kingdom.