Cliff is the CEO and Founding Partner of Templewater. Prior to founding Templewater, he was the Senior Vice President at Chow Tai Fook Enterprises Limited (CTFE), focusing on private equity transactions, global mergers and acquisitions, and corporate development, deploying over US$5 billion of capital during his five years with the firm.
Cliff was a director of Goshawk Aviation, Alinta Energy Ltd., CTF Energy Ltd., and CTF Financial Holdings Ltd. Prior to CTFE, he was with HSBC and Deutsche Bank investment banking division in Hong Kong. Presently, Cliff also serves as the Chairman of the Board to New World First Bus and CityBus, which are the largest bus operators in Hong Kong Island.
Cliff holds a Master of Engineering Science degree from Harvard University, and a Bachelor of Applied Sciences degree from the University of Waterloo. Cliff is based in Hong Kong and fluent in English, Mandarin and Cantonese.
Cliff is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
Nicolas joined the Investec Hong Kong office in Feb 2007, after three years working in the Specialised Finance division of Investec in Johannesburg. Prior to founding Templewater with Cliff, he was the Country Head of Investec Hong Kong and China.
Since 2007, Nicolas has managed the deployment of over US$1bn in capital across 40 equity-linked transactions throughout China, Japan, Singapore, and Hong Kong.
Nicolas holds a Master of Science in Industrial Relations from the London School of Economics and a Master of Science in Public Management from Sciences Po in Paris. Nicolas is based in London and fluent in English and French.
Nicolas is an SFC Responsible Officer (RO) for Regulated Activities Type 1, Type 4, and Type 9.
Michael joined Templewater in June 2020 bringing with him 16 years of experience in mergers & acquisition, capital raising, joint ventures and IPO transactions, management, and as well as restructuring from his career in professional services firms, privately-owned and multinational enterprises.
Michael has been involved with Cliff and Investec in private equity transactions as early as 2011. Prior to joining Templewater, Michael served on the board of Tom Tailor Group (Germany) and St. John Knits International (USA) and held the CFO position at LANVIN Group (formerly “Fosun Fashion Group"). He was previously Head of Portfolio Management at Fosun Group Investment Management where he oversaw Fosun’s over 300 PE and VC investments globally.
Michael started his career with KPMG Australia, soon after obtaining his Bachelor of Commerce from the University of Melbourne and Michael was qualified as an accountant with the Institute of Chartered Accountants whilst at KPMG Australia. Michael is also an industry mentor with Tsinghua University Schwarzman College. Michael is based in Shanghai and fluent in English and Mandarin.
Michael is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4 and Type 9.
Yufeng joined Investec in London in 2016 and has 16 years of experience across various industries including 12 years in banking mainly at Banco Santander SA in London, and four years at Procter & Gamble. He relocated to Hong Kong in 2018 to take a senior role in Investec’s Principal Investments team and was the Chief Risk Officer of Investec Hong Kong and China.
Yufeng is a CFA Charter Holder and holds a Doctorate Degree in Automatic Control and Systems Engineering from the University of Sheffield and a Bachelor of Engineering in Automatic Control from the South China University of Technology. Yufeng is based in Hong Kong and fluent in English and Mandarin.
Yufeng is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
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Simon joined Templewater in May 2022, bringing with him 18 years of experience in private equity and investment banking and transaction experience in Asia Pacific, North America, Europe and Israel. Simon has led buyout investments and exits representing over US$5bn of transaction value and has also participated in buyout investments representing over US$3bn of capital deployed and US$40bn of transaction value, and was a director for Compo Expert, Lumenis and J.D. Power, respectively. Furthermore, Simon has worked with Templewater’s Founding Partner, Cliff Zhang, in transactions as early as 2011.
Before joining Templewater, Simon was Partner at XJ Capital, where he headed the private equity buyout practice, and built and led a team insourcing, executing and managing investments with value creation angle in China. Prior to XJ Capital, Simon was Managing Director of XIO Group, a global alternative investments platform that focused on cross border buyouts. Prior to joining XIO Group, Simon was Executive Director at Goldman Sachs and was with the firm in both New York and Hong Kong in its Principal Investment Area division and Investment Banking Division, respectively.
Simon started his private equity career at Morgenthaler, amid-market buyout firm based in the US, and received B.A. in Economics and Philosophy from Columbia University. Simon is based in Hong Kong and fluent in English, Cantonese and Mandarin.
Karence joined the Investec Hong Kong office to oversee a team of six support staff in 2017. She has 22 years of experience across various roles in investment banking compliance and operations. Prior to joining Templewater, she was the Chief Operating Officer at CIMB Securities Limited in Hong Kong for 16 years, and prior to that, she was Vice President of Operations at KGI Asia Limited for four years.
Karence is responsible for compliance and overall oversight of the back-office functions including administration & operations support, human resources, regulatory reporting, finance and IT etc.
Karence has an MBA from The Chinese University of Hong Kong and a Bachelor in Business Administration from The Chinese University of Hong Kong. Karence is based in Hong Kong and fluent in English, Mandarin and Cantonese.
Chilie joined the Investec Hong Kong office in 2011 to oversee a team of five staff. He has 28 years of experience across various finance, tax and general operations roles in investment banking. Prior to joining Templewater, Chilie served as a Director of Finance for BNP Paribas Services (HK) Ltd for 13 years and prior to that, he was a Senior Manager of Peregrine Management Ltd in the financial control function for five years.
Chilie is responsible for finance, tax and general operations functions including management reporting, regulatory financial reporting, treasury function, tax planning, human resources, administration, and IT etc.
Chilie is a Certified Practicing Accountant from CPA Australia and a Certified Public Accountant from HKICPA. Chilie holds a Bachelor in Business from Swinburne Institute of Technology, Australia. Chilie is based in Hong Kong and fluent in English, Mandarin and Cantonese.
Ting joined Investec Hong Kong (Principal Investments) in September 2007, structuring and executing over 40 equity and debt transactions. Since 2007 and during his tenure at Investec Asia, Ting has overseen the deployment of circ. US$600m capital in transactions throughout Asia Pacific region.
Ting completed a Bachelor of Economics from Shanghai University, and an MBA from Wits Business School. Ting is based in Hong Kong and fluent in English, Mandarin and Shanghainese.
Ting is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
Stephen joined the Investec Hong Kong office in January 2017 in the Principal Investments team and has since led a number of transactions, including the Templewater private equity fund’s investments into SC Lowy and Bravo Transport.
Stephen is currently the Chief Financial Officer of Templewater’s portfolio company, Bravo Transport, the holding company of the Citybus and New World First Bus operations, a company with over 5,000 employees.
Stephen holds a Bachelor of Business Science in Finance & Accounting and a Post Graduate Diploma in Accounting from the University of Cape Town. He is also a qualified Chartered Accountant. Stephen is based in Hong Kong and fluent in English, conversational in Cantonese and Afrikaans.
Stephen is an SFC Responsible Officer (RO) for Type 1 and Type 4, and is a Licensed Representative (LR) for Regulated Activities Type 1, Type 4 and Type 9.
Adriano joined Templewater in January 2022 with 8 years of experience in management consulting across Asia and Europe.
Prior to joining Templewater, Adriano managed numerous consulting engagements across various industries, with a focus on TMT (Telecoms, Media, and Technology), Financial Services, and Consumer Goods.
He served a broad customer base, including investment firms, financial institutions, telecommunication operators, and multi-national corporations.
His expertise includes strategy development, business planning and execution, M&A support / commercial due diligence, and post-merger integration.
Adriano started his career with Value Partners Management Consulting in Italy and moved to Hong Kong in 2016 to serve clients in the Asia Pacific Region.
Adriano holds a MSc in Management Engineering from Polytechnic University of Milan. Adriano is based in Hong Kong and fluent in English and Italian.
Jason joined Templewater in January 2021 as Head of Investor Relations after 11 years of experience across various industries including real estate private equity, asset management, integrated resorts, and hospitality. He is primarily responsible for capital raising, business development, and investor relations for Templewater.
Jason holds a Bachelor of Business Administration from the University of Massachusetts, Amherst. Jason is based in Hong Kong and fluent in English, Mandarin, Cantonese.
Jason is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
Adrian is the third-generation heir to the Cheng Family, one of the wealthiest families in Asia. The Cheng family are the founders of Chow Tai Fook and the New World conglomerates, with businesses spanning over numerous industries including jewelry, real estate, hospitality, infrastructure, energy, aviation, and consumer goods.
Adrian holds several senior positions in the group including: the Executive Vice-Chairman and Chief Executive Officer of New World Development Company Limited, the Executive Director of New World Services Limited, Chairman and Non-Executive Director of New World Department Store China Limited, the Chairman and Non-Executive Director of Arta TechFin Corporation Limited, an Executive Director of Chow Tai Fook Jewelry Group Limited and Founder of K11 and the K11 Art Foundation.
Adrian is a Justice of Peace appointed by the Government of the Hong Kong SAR since 2016 and was made an Officier in the Ordre des Arts et des Lettres by the French Government in 2017. He was honored with the title of “Young Global Leader” by the World Economic Forum in 2012 and was selected as the “40 under 40” global business star by Fortune Magazine in 2012.
Adrian holds a Bachelor of Arts Degree (cum laude) from Harvard University. Adrian is fluent in English, Mandarin and Cantonese.
Stephen was with Investec for 39 years in various capacities and CEO from 1996 to 2018, and currently serves as a Non-Executive Director of Investec Limited, Investec PLC and the South African Banking Association. He is also the Chairman of BidCorp Limited, Bud Group (Pty) Ltd, Chairman of IEP Group (Pty) Ltd, a Non-Executive Director of Irongate Group and Co-Chair of Youth Employment Service.
Stephen’s previous roles include: Chairman of the South African Banking Association, a Non-Executive Director of The Bidvest Group Limited, Director of the Johannesburg Stock Exchange, a member of the Financial Markets Advisory Board, Chairman of the Independent Bankers Association. Stephen is fluent in English and conversational in Afrikaans.
Stephen was awarded an Honorary Doctor of Commerce Degree by the University of Witwatersrand in 2017.
Stanley is an experienced and well-connected aviation professional in the Greater China corporate circle. He has previously served as the Deputy CEO of New World Services Limited, CEO of Airport Authority Hong Kong, and the CEO of Hong Kong’s Dragon Airlines Limited. Currently, he is an Independent Non-Executive Director (INED) of Air China Limited, Beijing Capital International Airport, Guangzhou Baiyun International Airport, China Power International Development, and a Director of Hong Kong-based Greater Bay Airlines. He is also a member of the General Committee of Hong Kong General Chamber of Commerce.
Stanley has also served in a number of advisory committees both in Hong Kong and Mainland China, which included memberships on the Greater Pearl River Delta Business Council, the Commission on Strategic Development of the Hong Kong SAR Government, Aviation Advisory Board, Aviation Development Advisory Committee, Vocational Training Council, the Hong Kong Logistics Development Council, and the Hong Kong Tourism Board. He has also been a member of the Chinese People Political Consultative Committee (CPPCC) of Shenzhen Municipality, and is currently a member of the National Committee of the 12th Session of the National CPPCC.
Stanley is a Justice of Peace appointed by the Government of Hong Kong SAR since 2006. He holds a Bachelor Degree of Science from The Chinese University of Hong Kong. Stanley is fluent in English, Mandarin and Cantonese.
Philippe is a seasoned and prominent professional in the waste management industry. With more than 30 years of business development, commercial, EPC, operational and M&A experience of environmental and waste management services in the Asia Pacific region, France, Ireland and Portugal.
Philippe has managed several waste management, and integrated recycling and waste-to-energy project companies and achieved financial returns for these projects. In the past, he was the General Manager of Veolia Environmental Services, Hong Kong, and Chairman of Veolia Environmental Services Asia Recycling, Hong Kong.
Philippe is an Adviser to the French Ministry of Commerce since 1995. He is a Chartered Engineer (IMechE) and holds an MBA HEC (Hautes Etudes Commerciales) and a Master of Engineering ICAM (Institut Catholique des Arts et Métiers). Philippe is fluent in English and French.
Cliff is the CEO and Founding Partner of Templewater. Prior to founding Templewater, he was the Senior Vice President at Chow Tai Fook Enterprises Limited (CTFE), focusing on private equity transactions, global mergers and acquisitions, and corporate development, deploying over US$5 billion of capital during his five years with the firm.
Cliff was a director of Goshawk Aviation, Alinta Energy Ltd., CTF Energy Ltd., and CTF Financial Holdings Ltd. Prior to CTFE, he was with HSBC and Deutsche Bank investment banking division in Hong Kong. Presently, Cliff also serves as the Chairman of the Board to New World First Bus and CityBus, which are the largest bus operators in Hong Kong Island.
Cliff holds a Master of Engineering Science degree from Harvard University, and a Bachelor of Applied Sciences degree from the University of Waterloo. Cliff is based in Hong Kong and fluent in English, Mandarin and Cantonese.
Cliff is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
Nicolas joined the Investec Hong Kong office in Feb 2007, after three years working in the Specialised Finance division of Investec in Johannesburg. Prior to founding Templewater with Cliff, he was the Country Head of Investec Hong Kong and China.
Since 2007, Nicolas has managed the deployment of over US$1bn in capital across 40 equity-linked transactions throughout China, Japan, Singapore, and Hong Kong.
Nicolas holds a Master of Science in Industrial Relations from the London School of Economics and a Master of Science in Public Management from Sciences Po in Paris. Nicolas is based in London and fluent in English and French.
Nicolas is an SFC Responsible Officer (RO) for Regulated Activities Type 1, Type 4, and Type 9.
Michael joined Templewater in June 2020 bringing with him 16 years of experience in mergers & acquisition, capital raising, joint ventures and IPO transactions, management, and as well as restructuring from his career in professional services firms, privately-owned and multinational enterprises.
Michael has been involved with Cliff and Investec in private equity transactions as early as 2011. Prior to joining Templewater, Michael served on the board of Tom Tailor Group (Germany) and St. John Knits International (USA) and held the CFO position at LANVIN Group (formerly “Fosun Fashion Group"). He was previously Head of Portfolio Management at Fosun Group Investment Management where he oversaw Fosun’s over 300 PE and VC investments globally.
Michael started his career with KPMG Australia, soon after obtaining his Bachelor of Commerce from the University of Melbourne and Michael was qualified as an accountant with the Institute of Chartered Accountants whilst at KPMG Australia. Michael is also an industry mentor with Tsinghua University Schwarzman College. Michael is based in Shanghai and fluent in English and Mandarin.
Michael is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4 and Type 9.
Yufeng joined Investec in London in 2016 and has 16 years of experience across various industries including 12 years in banking mainly at Banco Santander SA in London, and four years at Procter & Gamble. He relocated to Hong Kong in 2018 to take a senior role in Investec’s Principal Investments team and was the Chief Risk Officer of Investec Hong Kong and China.
Yufeng is a CFA Charter Holder and holds a Doctorate Degree in Automatic Control and Systems Engineering from the University of Sheffield and a Bachelor of Engineering in Automatic Control from the South China University of Technology. Yufeng is based in Hong Kong and fluent in English and Mandarin.
Yufeng is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
Simon joined Templewater in May 2022, bringing with him 18 years of experience in private equity and investment banking and transaction experience in Asia Pacific, North America, Europe and Israel. Simon has led buyout investments and exits representing over US$5bn of transaction value and has also participated in buyout investments representing over US$3bn of capital deployed and US$40bn of transaction value, and was a director for Compo Expert, Lumenis and J.D. Power, respectively. Furthermore, Simon has worked with Templewater’s Founding Partner, Cliff Zhang, in transactions as early as 2011.
Before joining Templewater, Simon was Partner at XJ Capital, where he headed the private equity buyout practice, and built and led a team insourcing, executing and managing investments with value creation angle in China. Prior to XJ Capital, Simon was Managing Director of XIO Group, a global alternative investments platform that focused on cross border buyouts. Prior to joining XIO Group, Simon was Executive Director at Goldman Sachs and was with the firm in both New York and Hong Kong in its Principal Investment Area division and Investment Banking Division, respectively.
Simon started his private equity career at Morgenthaler, amid-market buyout firm based in the US, and received B.A. in Economics and Philosophy from Columbia University. Simon is based in Hong Kong and fluent in English, Cantonese and Mandarin.
Karence joined the Investec Hong Kong office to oversee a team of six support staff in 2017. She has 22 years of experience across various roles in investment banking compliance and operations. Prior to joining Templewater, she was the Chief Operating Officer at CIMB Securities Limited in Hong Kong for 16 years, and prior to that, she was Vice President of Operations at KGI Asia Limited for four years.
Karence is responsible for compliance and overall oversight of the back-office functions including administration & operations support, human resources, regulatory reporting, finance and IT etc.
Karence has an MBA from The Chinese University of Hong Kong and a Bachelor in Business Administration from The Chinese University of Hong Kong. Karence is based in Hong Kong and fluent in English, Mandarin and Cantonese.
Chilie joined the Investec Hong Kong office in 2011 to oversee a team of five staff. He has 28 years of experience across various finance, tax and general operations roles in investment banking. Prior to joining Templewater, Chilie served as a Director of Finance for BNP Paribas Services (HK) Ltd for 13 years and prior to that, he was a Senior Manager of Peregrine Management Ltd in the financial control function for five years.
Chilie is responsible for finance, tax and general operations functions including management reporting, regulatory financial reporting, treasury function, tax planning, human resources, administration, and IT etc.
Chilie is a Certified Practicing Accountant from CPA Australia and a Certified Public Accountant from HKICPA. Chilie holds a Bachelor in Business from Swinburne Institute of Technology, Australia. Chilie is based in Hong Kong and fluent in English, Mandarin and Cantonese.
Ting joined Investec Hong Kong (Principal Investments) in September 2007, structuring and executing over 40 equity and debt transactions. Since 2007 and during his tenure at Investec Asia, Ting has overseen the deployment of circ. US$600m capital in transactions throughout Asia Pacific region.
Ting completed a Bachelor of Economics from Shanghai University, and an MBA from Wits Business School. Ting is based in Hong Kong and fluent in English, Mandarin and Shanghainese.
Ting is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
Stephen joined the Investec Hong Kong office in January 2017 in the Principal Investments team and has since led a number of transactions, including the Templewater private equity fund’s investments into SC Lowy and Bravo Transport.
Stephen is currently the Chief Financial Officer of Templewater’s portfolio company, Bravo Transport, the holding company of the Citybus and New World First Bus operations, a company with over 5,000 employees.
Stephen holds a Bachelor of Business Science in Finance & Accounting and a Post Graduate Diploma in Accounting from the University of Cape Town. He is also a qualified Chartered Accountant. Stephen is based in Hong Kong and fluent in English, conversational in Cantonese and Afrikaans.
Stephen is an SFC Responsible Officer (RO) for Type 1 and Type 4, and is a Licensed Representative (LR) for Regulated Activities Type 1, Type 4 and Type 9.
Adriano joined Templewater in January 2022 with 8 years of experience in management consulting across Asia and Europe.
Prior to joining Templewater, Adriano managed numerous consulting engagements across various industries, with a focus on TMT (Telecoms, Media, and Technology), Financial Services, and Consumer Goods.
He served a broad customer base, including investment firms, financial institutions, telecommunication operators, and multi-national corporations.
His expertise includes strategy development, business planning and execution, M&A support / commercial due diligence, and post-merger integration.
Adriano started his career with Value Partners Management Consulting in Italy and moved to Hong Kong in 2016 to serve clients in the Asia Pacific Region.
Adriano holds a MSc in Management Engineering from Polytechnic University of Milan. Adriano is based in Hong Kong and fluent in English and Italian.
Jason joined Templewater in January 2021 as Head of Investor Relations after 11 years of experience across various industries including real estate private equity, asset management, integrated resorts, and hospitality. He is primarily responsible for capital raising, business development, and investor relations for Templewater.
Jason holds a Bachelor of Business Administration from the University of Massachusetts, Amherst. Jason is based in Hong Kong and fluent in English, Mandarin, Cantonese.
Jason is an SFC Licensed Representative (LR) for Regulated Activities Type 1, Type 4, and Type 9.
