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Mr Lee is presently Deputy Chairman of Vertex Venture Holdings Ltd (VVH), a wholly-owned subsidiary of Temasek Holdings (Private) Limited engaged in the venture capital direct investment and fund management business. Mr Lee is also Venture Partner of GGV Capital and Chairman of Advantec Pte Ltd, an investment holding company.

Mr Lee was General Manager (1988 to February 1995) and subsequently President of Vertex Management Pte Ltd (VMPL), and executive Director of VVH from March 1995 to February 2004. Prior to this, he was with the NatSteel group of companies as the Senior Manager of the Project Development Department and the Ministry of National Development where he was Deputy Director of Planning.

Mr Lee sits on the board Creative Technology Ltd, a public-listed company in Singapore. He is also a board member of several private companies including Thunes, Structo3D and Zero 2.5. He had served as Chairman of Heptagon Micro Optics Pte Ltd (acquired by ams AG) and was also on the boards of China Finance Online, Gemplus International S.A. (merged into Gemalto) and Chartered Semiconductor Manufacturing Ltd.

Mr Lee holds a Bachelor of Science degree in Mechanical Engineering (First Class Honours) from Queen's University, Canada and a Master of Science degree (with distinction) in Operations Research and Systems Analysis from the U.S. Naval Postgraduate School, and a Diploma in Business Admin from the National University of Singapore.