KKR hires ex-Temasek executive

Singapore's former minister in the prime minister’s office Lim Hwee Hua will be advising the global firm’s business in Southeast Asia as well as its portfolio companies in the region.

Global private equity firm Kohlberg Kravis Roberts has appointed Singapore's former minister in the prime minister’s office Lim Hwee Hua as a senior advisor to capitalise on the potential growth opportunity in Southeast Asia.

“Mrs. Lim is a proven leader in the worlds of government, finance and investment. Her experiences in these fields and her expertise of Singapore and Southeast Asia will be particularly valuable to KKR going forward as we continue to expand our business in those regions,” KKR co-founder Henry Kravis said in a statement.

In addition to supporting KKR on business in the region, Lim is also charged with advising the firm’s portfolio companies in the region, the statement noted.

Lim Hwee
Hua

In April this year, KKR inked its fourth deal in Southeast Asia by investing $159 million for a 10 percent stake in Vietnam's Masan Consumer. The firm’s previous investments in the region are Singapore’s Avago Technologies, MMI Holdings and Unisteel Technology.

Lim began her career as an administrative officer in Singapore’s ministry of finance, education and law. In 1989, she joined Swiss Bank Corporation as an investment analyst and moved on to Jardine Fleming three years later, where she served as head of research and director of business development. In 2000, she joined Temasek Holdings as managing director of corporate stewardship and later managing director of strategic relations.

Lim had served as a member of Singapore parliament since 1997 to earlier this year. During her tenure, Lim was appointed minister of state for finance and transport in 2004 and promoted to senior minister of state for finance and transport in 2008. She became the first woman minister in 2009 when she was promoted to minister in the Prime Minister’s Office and concurrently to second minister for finance and second minister for transport.