Personal Details
Name......................Ken Frost
Year of Birth............1962
Qualifications...........MA, FCA, FIPFM
Nationality...............British
Location..................London
Academic Background
School.....................Dulwich College (1973-1980)
University.................Edinburgh University (1980-1984)
Degree.....................Economics and Accounting MA (Hons) Upper Second
Career Details
Daedong Credit Bank (Pyongyang DPRK)
Director (2009-)
Daedong Credit Bank is a joint venture retail bank based in the DPRK.
Hana Electronics JVC (Pyongyang DPRK)
Director (2005-)
Hana manufactures and sells DVD and VCD players, it also manufactures and sells DVD's and VCD's.
Phoenix Commercial Ventures Ltd (International)
Director (2004-)
Phoenix's mission is to marry investors with investment opportunities in Democratic People's Republic of Korea (DPRK); in order to take advantage of the the economic reforms, which are taking place there, which have made foreign investment easier.
KenFrost.com (London)
Owner (2001- )
Sinji JVC (Pyongyang DPRK)
Director (2008-2010)
Sinji JVC was a 50/50 joint venture between Phoenix Commercial Ventures Ltd and the Korea Committee for the Promotion of External Economic Cooperation (CPEEC). It was sold to a third party in 2010. Sinji's main areas of operations are; retail (consumer electronics, household necessities etc), software and artificial flower manufacturing for export.
De Beers (London)
Audit Manager Centenary Internal Audit (2000-2001)
Royal Philips Electronics (Sweden)
International Forensic Audit Co-ordinator (1999-2000)
Philips Electronics AB (Sweden)
Head of Internal Audit Nordic (1996-2000)
Philips Electronics UK (London)
Audit Manager UK/International (1989-1996)
KPMG (London)
External Auditor (1984-1989)
Key Skills/Career Highlights
Over twenty years international experience (Western/Eastern Europe, USA, South East Asia and Africa), including four years living in Stockholm
Management and leadership skills, eg the successful establishment and development of; the Philips International Forensic team, the Philips Nordic Audit Department and the De Beers Centenary Audit Department
In depth experience of working on Audit Committees; including experience of setting up country Audit Committees in the Nordic/Baltic region when working in Philips, and in the UK when working in De Beers
I am a member of Gerson Lehrman Group Councils Program
I am an Advisor for Guidepoint Global
Hands on experience of performing and managing professional independent reviews that identify risks/control gaps; providing recommendations for both the mitigation of these risks/control gaps, and general improvement of the business
High level risk mapping on an international and company wide basis
In depth experience of working with a variety of IT packages from pre to post implementation stages including; SAP, Triton, MFG Pro, Scala and Sage
In depth international exposure to a variety of manufacturing, commercial, marketing, treasury and administrative/back office organisations
Constant exposure (through monitoring, mentoring and advising) to organisational change eg; restructuring, cost cutting, centralisation of back office functions, introduction of the Euro, IT changes, centralisation of warehousing, direct deliveries and corporate delisting
High level interpersonal skills, coupled with the ability to interact with people at all functional levels from a variety of cultural backgrounds
Experience, and detailed knowledge, of best practice with respect to corporate codes of conduct via:
Membership of the Philips General Business Principles Committee
Developing the Philips General Business Principles casebook, subsequently distributed to the top international management
Custodianship and maintenance of the Philips General Business Principles Database
Aiding and advising on the development of the De Beers Code of Conduct
Forensic experience arising from:
- Personal involvement in fraud investigations
- Establishing and developing the role of the Philips Forensic Audit Co-ordinator
- Custodianship and maintenance of the Philips Fraud Database
- Practical experience in the design, building and running of a website
