HPD Lendscape expands Asia team
HPD LendScape, a leading global asset based lending and factoring platform, has appointed market specialist, Kheng Leong Lee, as its regional representative for the Asia Pacific region. Based in Singapore, Lee brings with him over forty years’ experience in providing financial support to SMEs in the APAC region.
The appointment follows the opening of a Singapore office by HPD LendScape in May last year, as the company’s client base in the region expands and demand on the asset based finance and factoring services increases. As a major springboard for the region and accounting for 16% of APAC’s (excluding China) factoring activity, Singapore itself will be a priority market for the team, alongside other established markets, including Taiwan, Hong Kong, South Korea, Thailand and Malaysia.
Prior to joining HPD LendScape, Lee was the chapter director for Asia and the regional director for South and South East Asia for FCI where he was instrumental in encouraging businesses to engage with the global representative body for the factoring and receivables finance industry. Prior to this, he was the managing director of Bibby Financial Services in Singapore and responsible for establishing Bibby’s initial foothold in the Asia-Pacific region. He also spent 33 years out of his 40 year career at DBS as a senior vice president and head of factoring for South Asia.
As the new Asia-Pacific representative, Lee will be working closely with Dave Smart, regional director of HPD LendScape Australia, further strengthening the platform’s reputation in the region with incisive local market knowledge.
Dave Smart, Asia-Pacific regional director: “We are delighted that Kheng is joining the HPD LendScape team and as a highly experienced local market specialist, he brings an unparalleled wealth of knowledge. The Asia region is rapidly emerging as an area of significant potential for the secured lending industry and represents an exceptional market of opportunity for us here at HPD LendScape. I look forward to working closely with Kheng in order to further solidify and grow our presence in the region.”
Kheng Leong Lee, Asia-Pacific representative: “I am thrilled to be joining HPD LendScape – a company that has a well-deserved reputation for excellence. In my new role, I will use my market expertise to tap into a growing need among businesses and institutions in the region and help develop their secured lending offerings.”