Setup POP3 and Corporate Mail in Outlook

I have a user who is starting a new venture for our company in the China region.

He has a laptop with Broadband in his place.

He would like to streamline his Outlook 2000 by combining his POP3 Account and his Corporate Account (which is an Exchange Server back in Australia)

Can this be achieved??
Will he recieve Personal email to is POP account and work email to Corporate??
Does this setup pose any security risks??