HPD LendScape, a 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 for asset-based finance and factoring services increases. Singapore accounts for 16% of APAC’s (excluding mainland China) factoring activity, making this a priority market. The company also services users Taiwan, Hong Kong, South Korea, Thailand and Malaysia.
“The Asia region is rapidly emerging as an area of significant potential for the secured lending industry,” said Dave Smart, the company’s Asia-Pacific regional director, based in Sydney.
HDP Lendscape’s software is used by over 130 lenders worldwide, including Investec, Bank of China, ICBC, Westpac, Scottish Pacific, Tradewind and Macquarie Bank. The platform offers asset-based financing solutions, such as factoring, invoice discounting, supply chain finance, and asset finance.
Lee was previously chapter director for Asia and the regional director for South and Southeast 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.